The myTips team has been accepted into the famous American incubator 500 Startups, and has moved to San Francisco. The team received an investment of $75,000 from the incubator, and now intends to develop its business in the USA. myTips is developing interactive online tutorials for complex interfaces without coding. Previously, the startup had already …
The ongoing crisis in Ukraine is threatening to destabilize the operations of Magento, an open-source content management system for e-commerce web sites owned by eBay and based in Kyiv (Kiev). In its last quarterly report for the second quarter ending June 31, 2014, eBay noted that “The current situation in Ukraine and the Crimean peninsula, along …
eBay’s Magento business under threat from continuing Ukraine crisis Read More
Microsoft Ukraine general manager Dmitry Shimkiv, who was an active participant in the Maidan Revolution, was appointed deputy head of the presidential administration for administrative, social and economic reform last week. According to Ukrainian media, Shimkiv’s first task in his new post will be to reform the structure of the presidential administration so as to …
Microsoft Ukraine GM joins presidential administration to carry out reforms Read More
On July 3rd, the Ukrainian parliament voted to recommend that the national government cease using Russian-created software in state agencies. The move is billed as being in the interests of national security, as software created in Russia may carry cyber threats, Ukrainian lawmakers believe. The bill, which was proposed by MPs Oleksandr Mochkov from Udar …
Ukraine wants to lessen reliance on foreign software and develop local IT industry Read More
EcoisMe, which has developed a system for managing energy at home, has obtained 30,000 euro from Polish incubator Hubraum at an undisclosed valuation. Consequently, the Ukrainian startup will move operations to Krakow, Poland. EcoisMe has also reached an investment agreement with Deutsche Telekom, which manages Hubraum. According to the second agreement, the German telco giant will …
Last week, authorities from Lviv (Lvov), a major city in western Ukraine, signed a cooperation memorandum with Microsoft to launch several “smart-city” projects, reported leading Ukrainian IT portal AIN.UA. Utilizing the Microsoft CityNext platform, the city will create an interactive tourist-portal that will enable visitors to obtain quality services and necessary information. A portal allowing …
During the first five months of 2014, the volume of services provided by entrepreneurs and organizations in the information and telecommunications sectors in Ukraine were valued at 28.8 billion hryvnias (approximately $2.42 billion), reports the State Statistics Service of Ukraine. More specifically, telecom companies accounted for services valued at 19.78 billion hryvnias (approximately $1.66 billion), …
Entreprise application software market expected to shrink by 40% this year Read More
Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for airlines.” The company …
As Russia and Ukraine were escalating to a new level of mutual threats and recriminations earlier this week, venture funds offered a welcome illustration that nationalism has not completely spoiled relations between the two countries. A leading Kiev-based fund, AVentures Capital, has teamed up with two Russian funds, Almaz Capital and ABRT, to inject $3.25 …
Russian and Ukrainian VCs team up to invest in US software startup Read More
Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that focuses on the IT and Internet segments. The startup, which has Ukrainian and Russian roots, also announced the appointment of Silicon …
