The US IT market, which hosts over 100,000 information technology services firms, is increasingly characterized by the presence of foreign enterprises. Somewhat surprisingly, Russia is home to many companies successfully competing in the US market. In addition, household names such as Facebook, Twitter, Groupon, and Zynga, are supported by Russian financing. Many other Silicon Valley-based firms and top US schools have become major partners for Russian companies.
Russia’s IT market was generally limping along last year, growing just 3.9% between January and September 2012 – a record low rate that’s still above the global average.
Timur Farukshin, Director of Consulting at IDC Russia, in an exchange with CNews.ru last week, shared the IDC’s preliminary analytics for the period. Farukshin expressed confidence that adding 4th quarter data will keep the Russian IT sector’s overall 2012 performance results in the same ballpark as in recent years.
The International Association of Outsourcing Professionals (IAOP) has released its list of companies included on the 2013 Global Outsourcing 100 ranking of the world’s top outsourcing providers. The ranking is an independent assessment of the capabilities of outsourcing service providers and advisors.
This year seven Russian companies including Artezio, Auriga, EPAM Systems, First Line Software, IBA, Luxoft and Reksoft have all been named to the list.
According to a new study released by Orange Business Services — a division of France Telecom dedicated to B2B services — the Russian cloud services market is expected grow by almost 330 percent in the next four years. Demand, the report says, will be mainly for SaaS (Software as a Service) and IaaS (Infrastructure as a Service).
A new report on St. Petersburg-based IT exporters has just been released. Titled “St. Petersburg: Software and Information Technology Services Industry,” it is an industry overview and catalogue of export oriented companies and promising start-ups in the city. The publication was developed as part of the inelegantly named “Enterprise Europe Network Russia, Gate2Rubin Consortium, Module A Regional Center St. Petersburg” – a program run by the St. Petersburg Foundation for SME Development and financed by the city’s Committee for Economic Development, Industrial Policy and Trade.
Investors now have a new instrument to identify and assess startups: the Russian Startup Index (RSI), which was tested for the first time last week at the Open Innovations international forum in Moscow.
The index rates each startup with a combination of letters, from “AAA” (most attractive) to “D” (expected to fail), in a way that mimics the rating of companies by financial rating agencies. RSI is based on a sophisticated methodology that includes information declared by, or collected from, the startups themselves as well as individual assessments by industry experts.
For the past ten years, HP has been the only foreign company to appear in the list of top service providers in Russia. Now, according to new research released by IDC, the company has failed to maintain its position, dropping out of the list of leaders in 2011.
HP, which released the first beta version of its Open WebOS and got into trouble with its attempt to enter the tablet market, has warned of record losses of almost $9 billion.
EPAM Systems, Inc., a global software engineering and IT Outsourcing (ITO) provider with development centers across Central and Eastern Europe (CEE), has been recognized as one of the Top 10 Market Leaders in Industry Verticals by Zinnov’s Global R&D Service Providers Rating (GSPR) 2012…
According to the first review of the venture capital market in Russia over 2011, made by the Technology and Innovation Center of PwC and RVC OJSC, the total amount of venture capital investments in Russian IT sector for 2011 amounted to $237 M brought by 139 deals.