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Co-holder of Odnoklassniki.ru Invested in Nigma.ru

Posted on 09 July 2008

Co-owner of portals Mail.ru, Vkontakte.ru and Odnoklassniki.ru Yuri Milner bought a share of the search Nigma.ru, reported the newspaper Kommersant. The amount of the transaction amounted to several million dollars but not more than ten.
With the words of one of the creators Nigma.ru Victor Lavrenko aware that the fund Yuri Milnera Digital Sky Technologies (DST) will receive in Nigma.ru package “blocking more, but less control.” The first search engine has already received the money, but the deal has not yet been completed.

Money received from DST Nigma.ru administration intends to use for the development of intelligent search system, which perceives the key words, phrases and questions, trying to distinguish their meaning. This approach allows to issue more relevant search results.

Draft Nigma.ru was established in 2005 by students and graduates of the Faculty of computational mathematics and cybernetics MSU. Earn search engine on the contextual advertising via “Yandeks.Direkt.” In 2007, revenues Nigma.ru not exceeded one million dollars.

At the beginning of this week the American intellectual search engine Powerset was bought by a corporation Microsoft. Estimated amount of the transaction amounted to one hundred million dollars.


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DATABASE: IT Projects in Russia and CIS 2008-2009