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Personal data storage on Russian servers will be mandatory starting from September 2015

1,283 Comments / E-Commerce, International, Internet, Legal, Legislation & regulation, News / By

Last week, the lower house of the Russian parliament adopted amendments making personal data storage on domestic servers mandatory as early as September 2015 – instead of September 2016 as previously foreseen by legislation adopted this past summer. In October, Russian lawmakers had considered an even earlier deadline (January 1, 2015). However, the period allowed for compliance …

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Virtual shoe-fitter wins 15 million ruble grant from Skolkovo

303 Comments / E-Commerce, Finance, Internet, News, R&D, Regions & cities, Skolkovo, Startups / By

A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation. Fitanny’s virtual shoe fitter compares your foot structure to the type of shoe you’re interested in, and then …

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Russian startup aims to boost Internet speed significantly

Hardware & Electronics, Internet, Internet access, News, Startups / By

The founders of MaxTelCom believe their technology can bring fiber-optic networks to every apartment and office, which will boost the quality and speed of the internet by dozens if not hundreds of times compared to what we are familiar with today. The company plans to make its debut on the international market in 2015. The …

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Skolkovo signs R&D agreement with Panasonic, bolsters ties with Asia

3 Comments / Incubators & technoparks, International, News, Regions & cities, Skolkovo / By

Panasonic is set to open next year an R&D center in Skolkovo, the international tech hub under completion on the outskirts of Moscow. The agreement, signed in the presence of Russian Prime Minister Dmitry Medvedev and Shigeo Suzuki, CEO of Panasonic Russia, commits the Japanese firm to deploying at least 30 workers from its Russian representative …

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State fund FRII teams up with mobile operator Yota to support startups

3 Comments / Finance, Mobile-Telecom-Satellites, News, Operators, Startups, Venture / Private equity / By

Russian mobile operator Yota has become a partner of FRII, the $200 million government-backed fund launched last year to support Russian Internet startups. The company will invest in the fund’s startups, and may also look at acquiring some projects. Startups will also benefit from the company’s support through assistance with infrastructure and the use of Yota’s resources in …

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CPA giant CityAds Media acquires Tinkoff Digital’s mobile advertising platform Madnet

E-marketing & advertising, Finance, Internet, M&A, News / By

Last week, CityAds Media, a Moscow-based international performance advertising platform, announced the acquisition of Madnet. This mobile advertising platform had been launched last year by Tinkoff Digital, а Russian developer of innovative Internet and mobile advertising technologies, as “the first real-time bidding (RTB) platform in Russia for mobile devices.” Madnet has developed its own DSP, …

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Russian social media reacts to ruble crisis with ‘Arctic Fox Day’

1 Comment / Internet, News, Social networks & apps / By

A leading Russian economist likened the public reaction to the falling ruble to the “calm of someone facing suicide.” But on the Internet, it looked more like the “Day of Dark Humor.” Or make that “Arctic Fox Day”: The Russian name (“pesets”) for the cuddly canid sounds almost like an unutterably rude word for “f-ck up.” Arctic foxes thus became the illustration of choice for social media posts on “Black Tuesday,” including …

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Russia’s Qrator Labs to fight bots in the USA

International, Internet, Internet security, News / By

Qrator Labs, a Russian company specializing in DDoS-attack mitigation, has announced the launch of three traffic centers in the USA as an entry point into the local market, reports Russian IT portal ComNews.ru. The centers, based in Virginia, Texas and California, will work to filter unwanted traffic for potential clients. The company hopes to eventually become active …

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Sberbank’s SBT Venture Capital invests in social network for investors

361 Comments / Finance, International, Internet, News, Social networks & apps, Venture / Private equity / By

SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, has invested in eToro, a social network for investors. The Cyprus based social network allows members to follow the activities of their fellow investors in real time. The company’s stated mission is to “revolutionize the way people interact on the financial markets, making the …

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Google shuts down engineering office in Russia: Much ado about nothing?

2,870 Comments / International, Internet, Legal, Legislation & regulation, News, Search engines & SEO / By

Much speculation appeared today in the media following Google’s decision to move about one hundred of its engineers from its Russia office to other locations. A major US site thus suggested that Google’s move could be related to the “changing climate in Russia [which] may lead more Internet companies to move their operations to other …

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