Welcome!

Agile Computing Authors: Liz McMillan, Elizabeth White, Pat Romanski, Xenia von Wedel, Sanjay Zalavadia

News Feed Item

New Boutique Consulting Firm Firebird International Announces Subsidies, Tax Cuts Lure 30 Billion Dollars Into Russian Technology Market, Offers Small and Mid-Sized Businesses Opportunity to Get Piece of the Action

NEW YORK, NY -- (Marketwire) -- 01/22/13 -- Firebird International, co-founded by Russia and C.I.S. media and sales expert Matthew Goldstein, announced today that its research indicated nearly 30 billion dollars will be invested in Russian technology markets by US and international firms investing and doing business in Russia. Firebird, however, feels that small and medium-sized technology, new media and investment companies are being left out of the action and aims to change this by providing them affordable, hands-on, turnkey corporate solutions.

In Russia, start-ups and business incubators are seeing massive expansion, drawing the attention of many international investment firms, including Tiger Global Management, a New York-based international investment management firm, which has mainly invested over 30 million dollars of its capital in Russia-based on-line commerce and travel sites, as well as retaining a stake in the Russian search engine giant, Yandex, which began trading on the Nasdaq in May, 2011. Bessemer Capital Ventures, along with other international partners, last year invested a startling 55 million dollars into on-line an on-line VIP shopping network KupiVip.ru. Likewise, angel investors like Zynga's Mark Pincus and Skype and Facebook's Peter Thiele, along with US Internet icons like Mark Zuckerburg and Sean Parker, have made major investments over the last year. Firebird's mission is to take a broader approach to the investment boom, helping to connect US private investors both with US and European companies seeking capital to expand into the region and as well as Russian and C.I.S. companies based in the region looking to expand both locally and internationally, with a focus on start-up and mid-sized businesses. For these businesses, Firebird is offering its full suite of services dedicated to market entry, including facilitation of the subsidies and tax cuts being offered via the Russian government, so as to allow technology growth and expansion on a global level.

Currently, according to comScore research, nearly sixty percent of Russians use the Internet. More surprisingly, Russian Internet users spend 100 percent more time on-line than any other nation. The country has long since taken over Germany as Europe's largest Internet market. Likewise, smartphone penetration, according to comScore, nears one hundred percent. "We see a lot of examples, as was the case in China, of Russian companies implementing successful business models from the West, improving on them, and innovating new and improved technologies from them. They are now ready and willing to expand not only regionally, but have produced new and improved technologies that can and will be competitive in US and European technology markets, so long as they are properly localized. We are helping them do just this and packaging them, for investment, in a way that international investors of all sizes are accustomed to," says Matthew Goldstein.

Firebird believes that there is still enormous room for regional growth as well, both for Russian and C.I.S. technology companies and foreign companies entering the region, so long as they know how to operate efficiently and take advantage of, instead of being stunted by, the country's complicated bureaucratic processes. With an annual GDP-per-capita growth of around 13 percent from 1999 through 2010 Russian consumers have money to spend.

Firebird points to many additional advantages to doing business in Russia and the C.I.S., among them the region's reputation as being a leader in the science and technology industries, which explains the very appealing businesses that have been and are being developed locally. According to the company, this is an added-value value incentive for international companies seeking to grow in Russia and the C.I.S., where they can find qualified staff that can easily comprehend and even improve upon their existing technologies. In addition, labor costs are extremely low. Outside of Moscow, especially in emerging "tech" cities like Novosibirsk, Perm', Kazan', Nizhnii Novgorod, Kiev, and even Tblisi (where Internet security R&D is highly advanced), Baku, and Almaty, technical geniuses, as well as brilliant designers and content producers, are available for a fraction of the cost that they would otherwise demand in the US and Europe. The Russian government has invested tens of billions of dollars in innovation and has no plans to stop investing at present time. Likewise, regional governments, such as that of Tomsk, offer special economic zones that have attracted companies like Nokia Siemens.

Moscow's Skolkovo mega-tech park, since its very recent launch in 2012, has in and of itself partnered with an enormous number of major US corporations, including Microsoft, Intel, Cisco, Apple, IBM, Honeywell and GE, to only name a few. "Obviously, these companies know what they are doing by so boldly rushing to enter the Russian technology market and agreeing to all the ambiguities that they are facing by acting so quickly. They are already seeing immense returns, which I think they themselves are somewhat astonished by," claims Goldstein.

According to Firebird consultant Sergey Yakovlev, Firebird retains the belief that, despite all this growth and development, many small and mid-sized Russian and regional companies, international companies that could use revenues from the Russian market to revive their businesses, and international investors still do not have the capacity or comfort to enter the market. For this reason, its team of seasoned experts across applicable fields are offering a very hands-on approach to the consulting business.

Currently, according to Expert-RA, 44 percent of start-ups' costs when launching are spent on surveys and research. Although Firebird does perform traditional market research and risk analysis, it strives to be much more full service, accessible, and, most importantly for many companies, charge a small fraction of the costs for traditional consulting operations, by reducing margins on services performed by roughly 60 percent from what established brands offer and compensating for the profit loss through equity and profit sharing agreements. It feels that this model also reassures its clients that it will do its utmost to facilitate their rapid success.

Among a host of services traditional and non-traditional to consulting and market entry firms, Firebird performs direct sales, creates and develops partner networks for companies entering the region, and provides turnkey solutions that include registration, licensing, patenting, securing of intellectual property rights, facilitation of subsidies and tax cuts, local and Internet banking implementation, marketing and PR services, HR and corporate training, technology adaptation and integration, translation services (including dubbing and closed-captioning for companies offering audio and visual media-related products), legal services and much more, in addition to direct investment and investment facilitation. "We understand," says Goldstein, "that to want to invest and expand in these markets is one thing and to have the budget and comfort level to do so quite another. Firebird will not simply hand you a report and a road map. Our experts will become your dedicated companions. We will share your risk and be with you every step of the way, whatever your objectives may be."

To read information about Firebird International and the services offered to Russia and C.I.S. companies in Russian, please click here:
firebirdinternational.com/Russian_Site.html

ABOUT FIREBIRD INTERNATIONAL

Firebird employs a host of ambitious, energetic specialists, with experience across fields and most notable for their expertise in on-line banking systems, Internet security systems and anti-virus software, NFC and navigation and location-based technologies, telecommunications, WiMax, IP, broadcast and satellite communications systems, digital content provisioning, aggregation, and distribution systems, VoIP, energy, nano and bio technologies, consumer electronics, design and publishing software, social networking platforms, iOS and Android applications, localized brand development, marketing, and PR services, governmental relationship building, and HR and corporate training. Due to the extensive work of co-founder Matthew Goldstein in opening and selling content for entertainment and media outlets in the region Firebird caters to many clients in the entertainment industry in terms of adaptation and sales of digital content as well as acquisition of regionally produced content.

The following represents the full list of services provided by the firm, targeted at startup and mid-sized level technology and media companies, or hybrids thereof, in the US and Europe seeking to expand to Russia and the C.I.S., Russia and regional companies seeking to grow locally and internationally, and investors seeking to gain footing in the region:

Political and Risk Analysis, Qualitative and quantitative market analysis, patenting, trademark and intellectual property registration, customs' registration and facilitation, marketing adaptation, localized PR and marketing services, localized HR and corporate training, technology conversion, implementation, support, and development, digital and traditional translation services, dubbing and closed-captioning services, relationship building with local governments, facilitation of government subsidies and tax cuts in the US and Russia, creation of local partner networks, implantation of traditional and electronic banking systems, real estate location and evaluation, development of company branding, business plans, and financials for investment procurement, direct investment and investment facilitation, direct traditional and digital content licensing sales, direct technology licensing and sales, and added-value localized co-branding, event planning, and merchandising via licensing agreements.

For interested investors, Firebird has its own investors' network, offering free membership to qualified investors and added-value, fee-based specialized services.

For more information, please call Firebird toll-free from the US at 1-800-593-4346 or, from the UK, at +44208588068. To ask questions via email, or schedule an appointment to visit with us in either Boston or New York, please fill out our contact form or simply write us at [email protected]. If you are a start-up, seeking financing for development, please submit your business plans to [email protected].

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2016' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited t...
"We work in the area of Big Data analytics and Big Data analytics is a very crowded space - you have Hadoop, ETL, warehousing, visualization and there's a lot of effort trying to get these tools to talk to each other," explained Mukund Deshpande, head of the Analytics practice at Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
The idea of comparing data in motion (at the sensor level) to data at rest (in a Big Data server warehouse) with predictive analytics in the cloud is very appealing to the industrial IoT sector. The problem Big Data vendors have, however, is access to that data in motion at the sensor location. In his session at @ThingsExpo, Scott Allen, CMO of FreeWave, discussed how as IoT is increasingly adopted by industrial markets, there is going to be an increased demand for sensor data from the outermos...
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profession...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.