Yandex

Yandex N.V. Russian: Яндекс is a multinational corporation primarily for Russian in addition to Russian-language users, providing 70 ]

The firm is registered in Schiphol, a Netherlands as a naamloze vennootschap Dutch public limited company, but the organization founders and almost of the team members are located in Russia. It primarily serves audiences in Russia & the Commonwealth of self-employed person States, and also has 30 offices worldwide.

The firm is the largest technology company in Russia and thelargest search engine on the Internet in Russian, with a market share of over 42%. It also has the largest market share of any search engine from Europe and the Commonwealth of freelancer States and is the 5th largest search engine worldwide after Google, Bing, Yahoo!, and Baidu.

Its main competitors on the Russian market are Google, VK, and Rambler.

History

In 1993, Arkady Volozh and Ilya Segalovich, friends since their school days and by then workings together to established search software, invented the word "Yandex" to describe their search technologies. The make initially stood for "Yet Another iNDEXer". However, this is also a bilingual pun on "index" since "Я" "ya" means "I" in Russian. Another pun is based on the yin and yang contrast Russian: инь – индекс, ян – яндекс.

Between 1993 and 1996, the company continued development its search technologies and released software for searching the Bible. The Yandex.ru search engine was launched on September 23, 1997, and was offered at the Softool exhibition in Moscow. Initially, the search engine was developed by Comptek. In 2000, Yandex was incorporated as a standalone company by Arkady Volozh.

In 1998, Yandex launched contextual advertisement on its search engine.

In September 2005, it opened an office in Ukraine and launched www.yandex.ua. In 2007, Yandex presented a customized search engine for Ukrainian users; Yandex also opened its development center in Kyiv in May 2007. In 2008, Yandex extended its presence in Ukraine by increasing bandwidth between Moscow data centers and UA-IX in Ukraine fivefold. In 2009, all services of www.yandex.ua were localized for the Ukrainian market. In 2010, Yandex launched its "Poltava" search engine algorithm for Ukrainian users, based on its MatrixNet technology.

On June 20, 2008, it announced the positioning of Yandex Labs in Silicon Valley, with an objective to foster "innovation in search and advertisement technology".