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

The Bank of Lithuania allowed AB Bank SNORAS to acquire AB bank “Finasta”

During the meeting, which took place on 3 September 2009 the Bank of Lithuania approved the transaction, according to which AB Bank SNORAS will acquire 100 percent of the shares of AB “Finasta įmonių finansai” owning AB bank “Finasta”. more »

Commission proposes fishing opportunities for the Baltic Sea for 2010

The European Commission tabled yesterday its proposal on fishing possibilities for fish stocks in the Baltic Sea for 2010. more »

European bank data transfers must comply with European standards, say MEPs

Members of the Civil Liberties Committee voiced concern on Thursday over the interim agreement under negotiation between the EU and the United States on data transfers via the SWIFT network. more »

EU invests in building independent consumer magazines and websites in Cyprus, Czech Republic, Hungary, Poland, Romania and Slovenia

Consumers in Cyprus, the Czech Republic, Hungary, Poland, Romania and Slovenia now have access to consumer magazines and websites, which provide independent, comparative testing of consumer products, following a three-year EU project co-financed by the European Commission. more »

“SNORAS Asset Management” will establish renewable energy sources fund

Funds management company “SNORAS Asset Management” will establish the first alternative investment fund in Lithuania - “SAM Renewable Energy Fund”. more »

European innovation policy – successes but also new challenges

The re-launched Lisbon Partnership for growth and jobs has put innovation and entrepreneurship at the centre and called for decisive and more coherent action by the Community and the Member States in view of mastering the shift towards knowledge based low carbon economy. more »

Milk prices: dairy farmers need help now and later, say Agriculture Committee MEPs

Helping dairy farmers now, as well as restructuring the dairy sector in the long run, is the way out of the current milk market crisis, Agriculture Committee MEPs told Agriculture Commissioner Mariann Fischer Boel in a debate on Tuesday. more »

Lights out for traditional bulbs

The EU is phasing out traditional light bulbs over the next three years in favour of a new generation of energy-efficient lighting. more »

Lithuania Raises VAT Rate

Lithuania increases the VAT rate from 19 % to 21 % from September 1, 2009. more »

Thailand Eyes Clean Technology Fund and a Low-Carbon Future

Two recent joint missions from three development finance institutions helped Thailand identify low carbon projects that could be eligible for Clean Technology Fund financing. more »