Russian startup, Yandex, is the most popular search engine in Russia with 55% of the market compared with Google’s 21%. Currently, there are 33 million Russians online (as many people as in Britain and more than France) and that is expected to grow to 60 million in the next five years (by 2013).
In 2000, the company had revenues of $400,000 and was valued at US$14 million. Last year, it had revenues of US$170 million and is planning a US$2 billion public offering that would give the company a public valuation More»

Labels: google, russia, Search, yandex

Russian search engine Yandex, is opening a facility in Palo Alto. The company has hired Vishal Makhijani, who was previously general manager of Yahoo’s search group.
“We did not hesitate to go the extra mile to find this rare talent,” said Arkady Volozh, CEO of Yandex, the parent company. “We are excited to add a leading technology and business veteran in Silicon Valley to the Yandex team. Vish and his group at Yandex Labs will help to extend and improve Yandex’s core technology capabilities including the quality of algorithmic search for the Russian audience.”
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Labels: Search, Yahoo, yandex

Russia’s biggest internet firm Yandex plans to raise up to US$2 billion in an initial public offering that would give the company a public valuation of US$5 billion according to Reuters.

Yandex topped both Yahoo! and Microsoft with 528 million search queries (or 2.2 percent of European searches) in March 2008, according to comScore. Yandex reaches over 62% of Russian internet audience with more than 47% of all searches conducted in Russia, followed by Google, Rambler, More»

Labels: mail.ru, rambler, Search, Yahoo, yandex