Latest article

CISCO Will Invest USD 100 Million in Russian Venture Funds by 2009

CISCO Systems, the world's leading networking equipment vendor, will focus on its Russian and CIS business. By the end of 2007 CISCO will open two new offices in Kazan and Novosibirsk. more

Recent articles

Russian software exports increased by almost 54% in 2006 and totaled USD 1.5 billion in 2006 (RUSSOFT)

According to RUSSOFT, the Russian software exports increased by almost 54% in 2006 and totaled USD 1.5 billion in 2006. The market for Russian offshore ITO services has been growing rapidly by 30-40% for the past five years. As an offshoring location, today Russia comes third right after India and China. more

Dergunova Leaves Microsoft Russia (CNews.ru)

Microsoft Russia confirmed confirmed today that Olga Dergounova leaves the post of Microsoft Director in Russia and CIS after 13 years in the company. more

GoGo Mail.ru! (CNews.ru)

Mail.ru has launched a new project – the GoGo search engine (SE). Thanks to its new SE the portal enables users to search through web-pages, photo- and video files, as well as Mail.ru's Otvety ("Answers") service. However, the launch of the new portal has not been officially announced. Most analysts believe that this is just a test platform for the service that might replace the existing Mail.ru search engine, powered by Yandex. more

Real Desktop PC Market Size in Russia is 6.1 million PC by the end of 2006 (CNews)

The desktop PC real market size in Russia was 6.1 million PC by the end of 2006, says IT Research company. This was an amendment to the previous market evaluation of 5 million PCs. more

New Office for Intel R&D Center (CNews)

Intel development and research center has officially opened its new premises in "Satis Techno Park" located near Nizhny Novgorod. It is expected that the number of the techno park employees is to increase ten times within three years. Some experts believe that the shortage of qualified IT specialists might block the realization of the ambitious plan. Others believe that Intel will offer its employees a proposal which will be difficult to resist. more

The number of small IT- companies in Russia will grow 5 times by 2020 (CNews)

The number of small IT- companies in Russia will grow 5 times by 2020, says German Gref, Russian Minister of Economic Development and Trade. more

List of Useful On-Line Resources Featuring the Russian IT Sector

This is a list of on-line resources where you can find more information about the IT sector in Russia. more

Russian IT Market Updates: Further Growth is Expected

Based on IDC report, the total Russian IT market was worth $12 billion in 2005. Yet, hardware exceeds the sales of software with its 24% growth. According to IDC, despite some slower growth in 2006 and 2007, by 2009 total expenditures for IT products should more than double. The Russian IT services market averages an annual growth of 25% in revenue. more

Global Role for the Russian IT Market by Dmitry Milovantsev, Deputy Minister of Information Technologies and Communications (ComNews)

The Russian IT-market is developing rapidly: it grew almost by 25% in 2005 while the world average growth rate is 6%. Since 2005 public agencies in Russia have become active in the IT-sector. The Federal Agency for IT Export Development was established by the President's decree. The Ministry of Information Technologies and Communications launched the program of IT parks. Dmitry Milovantsev, Deputy Minister of Information Technologies and Communications shared his vision of the potential of Russian IT-companies in the world market and of instruments of state support with "Standard" мagazine. more

Russia, Philippines Catching Up with India in Outsourcing Market (Zeenews)

Philippines and Russia may be behind India in the IT outsourcing market, but soon might give it a stiff competition in 2007, said the report. In 2007 both countries will continue their growth as outsourcing locations, said offshore advisory and management services firm Neoit. This year we will see companies significantly scaling up global service operations to accelerate transformation. more