Russian online video market booming; becomes the biggest in Europe

Russia’s internet market is the largest in Europe, covering 66.5 million people, and it’s proving to be a force in the world of online video, too. New independent research from consulting firm iKS-Consulting puts ivi.ru — a video-on-demand (VoD) provider in Russia that focuses on premium, licensed content — as leader of the Russian market.

The report does come up with a number of points worth noting about the VOD market in Russia, which is currently the biggest in Europe.

(Note that ivi.ru has $40 million total in funding from Baring Vostok Capital Partners, ru-Net Holdings, Tiger Global Management, Prof-Media and Frontier Ventures).

Facts & Figures:

– Russia is the largest online video market in Europe with 60 million unique viewers

– Online advertising market grew by 27% y-o-y to approximately $2.2B

– Online video advertising market grew by 67% y-o-y to approximately $88.7M

– The Russian VoD market more than doubled y-o-y to $50.5M (a 105% y-o-y growth in revenues)

– Top nine players control 97% of the Russian VoD market

– The ad-supported model accounts for 78% ($39.5M) of the market (74% growth y-o-y); while the payment model has grown more than four-fold and accounts for 22% ($11M)

– 100-200M video viewings are generated via each key player’s service monthly

– A third (24M users) of the Russian population use the Internet to watch VoD services monthly

– In 2014, Russian VoD market is expected to grow by 75% to $88.7 mln and to reach $290.5 mln by 2018

iKS-Consulting also said ivi.ru, with a market share of 28% (by revenue) would make it the largest VoD service in Russia. For itself, ivi.ru claims to have doubled its revenues to $14.1 million (95% growth), doubled users to 30 million per month (114% increase y-o-y) and doubled video viewings to 200 million per month (135% increase y-o-y). It’s also claiming to be the number one player by the total number of downloads of its mobile app on devices (smartphones and tablets) with 9 million downloads and the number one player by audience who watch video on Smart TVs, with 2 million users monthly.

According to iKS-Consulting, in 2014, the Russian VoD market will continue to actively grow by over 75% to $88.7 million and by 2018 will reach almost $290.5 million.

All this is being driven by paid-for video services (including new movie releases) and the decrease in online video piracy.

However, market consolidation and M&A are expected to be driven by both global and Russian Internet companies such as Google, Apple, Yandex, Mail.ru, including social networks like VKontakte and Odnoklassniki.

Article by Mike Butcher

Jurupa maintain growth in Q1

Amidst encouraging signs of growth and economic recovery, Jurupa are experiencing an unprecedented demand for “best of breed” candidate – particularly those possessing hard-to-identify skills and languages across the EMEA region.

Having emerged from arguably the worst recession since the 1930s, we are seeing confidence and spending returning at a pace. This is being reflected in the number of vacancies being advertised, the willingness of venture capitalists to invest into promising start-ups and the eagerness of talented professionals to embark on new career challenges.

Commercial Director Charles Noden commented “the recruitment industry is one of the great barometers of market confidence. Jurupa was set up with one eye on this encouraging shift back towards growth and we feel well positioned to take full advantage.”

Two months into the 1st quarter of 2014 Jurupa are enjoying an ever increasing profile across the start-up scene and can boast of an increasing army of fans to back this up with numerous acclamatory testimonials for service received.

Following an invitation to speak at London’s BVE expo in February, Jurupa’s Managing Director Aaron Davies will be travelling to Interop Las Vegas in order to meet with new & existing clients seeking expert advice and consultancy on executing their international expansion strategy.

We hope to see you there!

ServiceMax appoint first EMEA Senior Global Solutions Manager

Having selected Jurupa to execute a key search, ServiceMax have announced the hire of their first Senior Global Solutions Manager for the EMEA region. Priscila Garcia-Perez joins the organisation as of February 3rd 2014 and will report into Jonathan Skelding, Global Solutions Director based in San Francisco. Garcia-Perez, formerly of Alfresco, Spicers & Convergys will be tasked with building and managed a Global Solutions team in EMEA.

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New year, new opportunities

Having enjoyed the festive period and eaten perhaps a little too much, the focus is very much back to work and focusing on a some great opportunities in 2014.

Despite being an early stage start-up, Jurupa enjoyed a very strong close to Q4, having successfully concluded a number of key hires for new name clients. These included a VP of Professional Services for a high growth online video company, a Director of PMO for a rapidly expanding Salesforce Platinum Partner, a Director of Sales DACH for a major networking products vendor and a first-in-territory Technical Support Engineer with a noted CDN provider.

The year ahead looks to be full of opportunity given the encouraging trends in economic growth and with confidence slowly returning, talented IT professionals are starting to think about their next engagement.

Talk to Jurupa today to learn more about our value proposition and how we can assist whether you are an ambitious start-up seeking to scale in Europe or a rockstar candidate ready to showcase your skills with a new employer.

Aaron Davies, 23rd January 2014

Reviewing 2013

As a busy year draws towards its’ conclusion, it’s traditional to look back and take stock of what happened in the previous 12 months.

If you’re in the business of technology, looking back on everything that happened this year might be enough to give you a headache – it seemed to be that kind of year.

One of the big questions many people ask at this juncture of the year is to ask which platforms, products and big ideas made the most impact in 2013.

Of all the interesting shifts we have observed over the course of 2013, the greatest impact appears to have been in the increased usage of mobile devices as common web access tools. We have almost certainly seen mobile devices pass PCs as the most popular devices with which to access the web, complete transactions, control equipment remotely etc. It is now estimated that by 2015, over 80% of handsets in mature markets will be smart phones. This will come as no surprise to many.

As a follow through of this, it is expected that throughout 2014, JavaScript performance will push HTML5 and the browser as a mainstream application developer environment as the demand for an ever greater, richer browsing experience is demanded by consumers.

We have also seen people increasingly at ease with the concept of cloud based storage and the ability to sync across multiple devices. As services become more important; devices become less important. Initial concerns about how secure personal data would be in the cloud data appears to be slowing dissipating as more and more people adopt services offered by companies such as DropBox.

Strategic Big Data is also an area of high importance – we have seen the need for organisations to focus on non-traditional data types and external data sources. Next year will see Hadoop and NoSQL gain further momentum. It’s also likely that Big data will meet social.

With all of the above in mind, 2014 promises to be a fascinating year for technology and Jurupa is looking forward to playing a starring role in helping top talent to find the very best new opportunities.

Aaron Davies

December 2013

Entering Q4

As many technology companies enter their Q4, we explore what trends, if any are being seen across the start-up scene.

One of the things which has been most apparent in the typically busy, post summer charge toward the conclusion of the business year has been a great increase in confidence (and funding for) innovative thinkers with exciting new ideas.

Whilst 2012 was a record year, 2013 has already seen more Series A rounds than ever before, according to data from Crunchbase. These are exciting times indeed for the IT industry with large and well established vendors needing to constantly re-invent themselves to adjust to an ever changing competitive landscape.

Naturally, this leads to a number of challenges for both the client and the candidate alike. Do they stick or twist? It’s normally the case that a start-up will only green light a hire after both an exhaustive lengthy process but also only when everyone from the CEO to the team on the ground are satisfied that this person will be a great hire. That situation in itself can mean a leap of faith is required for the eager candidate – do they take the chance and jump into the highly promising start-up, leaving behind certainty, routine and security?

In many cases, it comes down to whether that person has the correct mind-set to embark upon such a journey. Here at Jurupa, we want to work with the very best talent on the market; in taking such an approach, we are by definition sharing the same values as our clients.

Aaron Davies 18th October 2013

Jurupa is launched!

Well, this is an exciting day indeed. The day where we Jurupans get to officially launch our website to the world and aim to start offering a truly dynamic, customer-centric and innovative recruitment service.

If you have a firm fascination with the ever changing world of technology, feel inspired by those early Silicon Valley trailblazers who carved out a path which lead us to where we are today, then I hope we have found a common interest. Jurupa has been set up precisely because of those innovative and creative entrepreneurs who wanted to shake things up, disrupt the market and change the way we watch TV, purchase our shopping and even navigate our way around the world!

The founders of Jurupa have a real passion for ground breaking technology and hold the (some might say, lofty) ambitions of becoming one day the go-to company whether you are a client looking for some of our extensive support and assistance, or a rockstar candidate looking for the next Google/Oracle/eBay

Jurupa has finally arrived and we are looking forward to working with you. To hear more about some of the awesome opportunities we are working on, simply ping us an email, add us on Skype, follow us on Twitter, or if you’re really old school – pick up the phone! We’ll be glad to help.

Aaron Davies 30th Sep 2013