Strategic investors

Published: 3 February 2000 y., Thursday
The Russian Company Stek, creator and owner of Russia_s most popular search engine Rambler, Top 100 rating and information site iXBT Hardware has found strategic investors. Stec has formed a consortium with the Russian Funds investment group and investment company Orion Capital Advisors. The members of the consortium are planning to establish a new company, which will have the rights to Stec Internet Projects and the corresponding trademarks. The principal goal of the new Rambler owners is to modernize the popular system. According to some information agencies, the transaction, including investment, amounts to $30 million. Russian Internet search and information sites are highly attractive for local and foreign investors. For example, in July 1999 another Russian search engine Ay! also attracted strategic investors. A group of Russian and foreign companies created a new firm called Web Tech Information Systems and renamed Ay! as @Rus and modernized the site for the benefit of foreign Internet users - the design was changed and English language resources introduced. Since the investment and modernization, @Rus has regularly exhibited at international Internet exhibitions. Now the site is going to be gradually transformed into a multidirectional informational portal. It is quite possible that in the near future Rambler will undergo similar radical transformations.
Šaltinis: Internet
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Commission temporarily authorises aid measures for Austrian bank BAWAG P.S.K.

The European Commission has authorised under EU state aid rules a €550 million capital injection and a €400 million guarantee in favour of the Austrian bank BAWAG. P.S.K. The Commission found the measures to be in line with EU state aid rules. more »

Sharpest Decrease in Hourly Labour Costs Recorded in Lithuania

EUROSTAT has reported that the sharpest annual decrease in hourly labour costs of -10.9% was observed in Lithuania in the 3rd quarter of 2009. more »

Changes in the unemployment rate in III quarter 2009

Statistics Lithuania informs that, according to the Labour Force Survey data, the number of the unemployed in III quarter 2009 made 228.1 thousand. more »

The economic recovery in the euro area is gathering momentum, albeit at a modest pace

What has come to be termed as the "Great Recession" seems to have come to an end in the third quarter of 2009. more »

Commission approves Lithuanian short-term export credit insurance scheme

The European Commission has authorised, under EU State aid rules, a measure adopted by Lithuania to limit the adverse impact of the current financial crisis on exporting firms. more »

Tree more directions from Vilnius to European cities

The schedule of Vilnius International Airport (VIA) is supplemented with 3 more new directions; the airline company airBaltic starts regular flights to Paris today, to Munich tomorrow, and to Berlin on Monday. more »

ECB decides to start construction works for its new premises in spring 2010

The Governing Council of the European Central Bank (ECB) has decided to start the main construction works for its new premises in spring 2010. more »

The award to Bank SNORAS from NASDAQ OMX Baltic Stock Exchange

AB Bank SNORAS was granted the award from NASDAQ OMX Baltic Stock Exchange for the jubilee 15-year listing of the bank’s shares on NASDAQ OMX Vilnius Stock Exchange. more »

Parex banka establishes subsidiary for real estate management

Parex banka has established a subsidiary, SIA NIF, which will professionally manage assets that are not related to the Bank’s core business. more »

Commission proposes measures to ensure that Greek farmers can receive EU support payments

Mariann Fischer Boel, European Commissioner for Agriculture and Rural Development, today put forward a plan to ensure that Greece will put in place the systems necessary to allow EU aid payments to be made to farmers. more »