Main article about the company: Yandex
2024
Yandex bought the Russian platform for collaboration and training Pruffme
On December 3, 2024, Yandex announced to TAdviser that it had completed the acquisition of the Pruffme technology platform, which includes services for creating online boards and organizing webinars and video conferencing. The amount of the transaction and the company's share acquired by Yandex were not disclosed. Read more here.
Yandex bought a service for paying for goods and services through the QR code of the SBP NewPay
On November 28, 2024, it became known that he Yandex had bought NewPay LLC, which is developing a service for paying for goods and services through QR code SBP NewPay. There is no information on the value of the transaction as of the specified date. More here
Yandex bought a reservation service in LeClick restaurants
On October 4, 2024, Yandex announced the purchase of the LeClick service and specialized software for SmartReserve hostesses. Based on them, Yandex Food will launch the function of online reservation of tables in restaurants. Read more here.
Yandex bought the eCredit car loan platform
Yandex completed the acquisition of the eCredit car loan platform, increasing its share to 100%. The acquisition became known on June 4, 2024 after Yandex bought the remaining shares from the founder and general director of the service, Kirill Larin. Although the amount of the transaction was not disclosed, analysts interviewed by Forbs estimate it at several hundred million rubles. Read more here.
2023
Yandex left the joint venture for the production of servers
On October 26, 2023, Yandex"" announced its withdrawal from the OpenYard server joint venture and the sale of a stake in it to a group of private investors. The group did the same. LANIT"" The parties refused to disclose details of the transaction, including its amount and new investors. here More.
Yandex acquired Skazbuk
Yandex has acquired the Skazbuka platform of developmental games for preschool children. This was reported on September 27, 2023 by Vedomosti. Read more here.
Italy blocked the sale of a local company to a startup because of its connection with Yandex
The Italian authorities did not allow the Dutch cloud services developer Nebius from the Netherlands, the Italian company Tecnologia Intelligente, due to a possible connection between the buyer and Yandex. The deal was vetoed by Italian Prime Minister George Meloni on March 16, 2023, and a few days later - on March 22 - the Italian Senate unveiled this decision. Read more here.
2022
Building Beyond ML to Develop International IT Projects
In December 2022, it became known that Yandex registered a new holding company in Armenia and the United States called Beyond ML, within which it is planned to develop international IT projects. Read more here.
Forbes: Volozh offered Kudrin 5% of Yandex in exchange for help in coordinating the division of the company's assets
The co-founder Yandex of Arkady Volozh "" offered the chairman Accounts Chamber Alexey Kudrin 5% of Yandex in exchange for help in coordinating the division of assets. This was announced on September 23, 2022 by Forbes the magazine, citing its sources. More. here
Yandex and VK completed the exchange of assets
Yandex"" VK and completed the asset swap, which was announced on September 12, 2022. Under the terms of the agreement, Yandex handed over the VK service and Zen the news aggregator, News but received a platform for delivering food and food. Delivery Club After the transaction was closed, changes began to occur in the operation of services.
Thus, Yandex removed the Novosti and Zen services from the company's main application for smartphones on iOS Yandex - with Alice, and also released the same application for smartphones on Android. The old Yandex - with Alice application was called Yandex Start. The description of the application says that it will work as a browser with a start page that can be changed in the settings. When the application is enabled, the start page redirects to the platform Dzen.ru.
In addition, users began to be transferred from the former Yandex home page - yandex.ru - to the dzen.ru website, which is being controlled by VK. The portal presents content from the authors of Zena, Novosti, the Yandex search bar and the weather service. It is also reported that Yandex will close the ability to search for news in the Novosti service.
VK said that the first results of Zen and News will be consolidated in VK's statements from the third quarter of 2022. VK acquired the rights to the technologies and identities of the Zen and Novosti services, registers the transfer of rights to the Zena trademark. VK also promised that the services will retain the interface familiar to users, and the previous commands will continue to work on them. Zen will also retain current monetization tools for content creators, be available in the web version and mobile app, VK said.
{{quote "All changes in Yandex services related to the sale of Zen and Novosti will appear among users gradually, starting today," the company said in a statement[1] }}
Signing of binding agreements on the sale of VK services "News" and "Zen" and the transfer of Delivery Club to Yandex
The companies VK Yandex also announced TAdviser the signing of binding documents on the transaction on August 23, 2022. According to its terms, VK will become the owner of content the platforms "Zen" "News" and transfer to Yandex a service for the delivery of ready-made food and food, Delivery Club which VK consolidates during the restructuring - Holding O2O a joint venture of VK and. " "Sberbank More. here
Sale of Yandex rights to use the service for reading and listening to books
Yandex bought the rights to use the Bookmate book reading and listening service in the CIS. Under the terms of the agreement, part of the Bookmate team will move to Yandex and help introduce developments into the company's infrastructure, as well as develop the platform using Yandex's expertise, Bookmate CEO Andrei Baev said. Read more here.
Sale of Yandex.News and Yandex.Zen services to VK holding
On April 28, 2022, VK Holding announced the purchase of the VK Novosti (formerly Yandex.News) news aggregation service and the VK: Zen (formerly Yandex.Zen) recommendation platform from Yandex. Read more here.
Uber plans to leave the joint venture with Yandex
Uber plans to withdraw from the capital of a joint venture (JV) with Yandex as soon as possible in connection with the events in Ukraine. This became known on March 1, 2022. The American company owns a 29 percent stake in the joint venture, the cost of which is estimated at about $800 million. Read more here.
Buying eLama IT Platform
On January 19, 2022, Yandex"" announced the purchase of assets of an advertising service eLama that allows you to configure, launch and analyze campaigns in "," Yandex.Direct Ads Google ,,, Facebook"" and Vkontakte other systems. The perimeter of the deal included the technology platform and the eLama development team. More. here
Purchase of BandLink musicians service
On January 18, 2022, Yandex announced the acquisition of BandLink at a price that the companies did not disclose. Under the terms of the agreement, the purchased service will be integrated with the Yandex.Music platform, BandLink employees will move to Yandex and develop new analytics tools for artists. After the deal closes, BandLink will continue to operate as before under its own brand. Read more here.
2021
Yandex bought Uber shares in its services for $1 billion
On December 21, 2021, Yandex"" announced the closure of the transaction to buy Uber out shares in services Yandex.Food"," Yandex.Lavka"," Yandex.Delivery"" as well as in the division Yandex Self-Driving Group engaged in the development of technologies for. self-driving cars The total amount of these transactions amounted to $1 billion, of which $800 million had already been paid in September 2021, and the remaining $200 million was received by Uber after about three months. More. here
Tinkov explained the breakdown of the deal to sell Tinkoff Bank to Yandex
The sale of Tinkoff Bank to Yandex did not take place due to the growth of the shares of the parent holding of the credit institution and the position of the managers of the Internet company. This was stated by the founder of Tinkoff Oleg Tinkov in a documentary about Tinkoff Bank, which premiered in Moscow on December 1, 2021. Read more here.
Investing in the company to develop the ClickHouse open DBMS
At the end of October 2021, ClickHouse, created by Yandex to develop an open DBMS, raised $250 million in investments and was valued at $2 billion as part of a funding round. The funds received, including from Yandex, are planned to be spent on the development of the startup's international business. ClickHouse plans to double its headcount in a short time. Read more here.
Buying Israeli e-scooter rental service Wind
On October 12, 2021, it became known about the sale of the Israeli Wind Mobility business to Yandex. The perimeter of the deal includes scooters, which are available for ordering to users, software, in-house production, as well as a research center in China. Read more here.
Yandex has created a new company for the development of an open DBMS. Invested in it $50 million
On September 20, 2021, Yandex announced the creation of a new company ClickHouse, within which products based on the open DBMS of the same name will be developed. $50 million was invested in this project, in addition to Yandex, venture capital funds Benchmark Capital and Index Ventures invested in it. Read more here.
Redemption of shares in "Food," "Shop," "Delivery" and drones for $1 billion from Yandex.Taxi
According CNews to the press service Yandex of "," the company will fully buy out from the joint venture (JV) with the company - the group Uber of companies "," Yandex.Taxi shares in "," "Yandex.Ede Yandex.Delivery," Yandex.Lavke as well as business self-driving cars in rovers. The total amount of the transaction, according to data to Yandex, is estimated at $1 billion. This became known on August 31, 2021. More. here
Unsuccessful negotiations on the acquisition of the Azbuka Vkusa supermarket chain
In August 2021, it became known that the deal on the acquisition by Yandex of the ABC of Taste grocery chain, which became known in June, fell through. The Internet company withdrew from negotiations.
Buying a Hypee video editor
On June 10, 2021, it became known about the sale of Hypee to Yandex. Thanks to this transaction, the buyer plans to develop short vertical rollers in Zen. Read more here.
Creation of JV to start production of servers in Russia
Yandex informed TAdviser about the launch of server production together with the Lanit group of companies and the computer equipment manufacturer Gigabyte. The companies will create a joint venture that will open a development center - it will design servers and offer its products in Russia and abroad. An agreement on this was signed on June 3, 2021. Read more here.
Refusing to buy online stores KupiVIP and Mamsy to enter the clothing and footwear market
On May 31, 2021, Yandex announced a plan to acquire online stores KupiVIP and Mamsy. This deal was supposed to allow Yandex.Market to enter the market of clothing, shoes and related accessories "thanks to the established infrastructure, supplier base and many years of experience of the KupiVIP team," the company said in a statement.
Later, on July 9, 2021, it became known that Yandex decided to abandon the purchase of the KupiVip online store, a representative of Yandex.Market told Vedomosti.
Yandex.Market will not exercise its right to exercise the option to purchase the KupiVIP group, "the representative said, adding that the company is considering" alternative exits to the fashion segment. " The option did not oblige the company to make a deal, according to a source familiar with the negotiations. According to him, after receiving the option, the active stage of Due diligence began, in which the company assessed KupiVIP and possible risks, and decided that the asset was not suitable for it.
Read more here.
Yandex has agreed to buy Acropolis Bank
On April 29, 2021, Yandex announced the conclusion of an agreement on the purchase of Acropolis Bank. As a result of the transaction, Acropolis licenses, including universal banking, will be transferred to the company. Read more here.
Purchase of the service "Tips are simple"
On April 27, 2021, Yandex announced the acquisition of the Tip Simple service. The financial component of the transaction of the company did not disclose. Read more here.
Purchase of 25% in the service for car dealers "eCredit"
On April 9, 2021, Yandex announced its investment in the eCredit service. The financial component of the transaction was not disclosed, but the share in the project received by Yandex was named - 25%. Read more here.
Yandex received on bail 19% of TV manufacturer Kvant
On April 5, 2021, it became known that Yandex received 19% of the Kvant TV manufacturer on bail. We are talking about a corporate loan within the framework of cooperation between companies, the only owner and general director of the company, Mikhail Etonov, who acted as a pledger under this agreement, told Kommersant. Read more here.
2020
Disruption of the deal to sell Tinkoff Bank to Yandex
The sale of Tinkoff Bank to Yandex fell through due to disagreements in the value of the transaction. At the end of December 200, the founder of the credit institution Oleg Tinkov said that he wanted to sell it for $6.2 billion, and Yandex was ready to pay only $6 billion. Read more here.
Investing in the Russian Genotek Medical and Genetic Center
In December 2020, it became known that Genotek attracted a round of investments of $4 million. The leading and new investor in the round was Yandex. The representative of Yandex will join the board of directors of Genotek. The founders of the company Artem Elmuratov and Ilyinsky Valery retained control. Read more here.
"More and more new requirements." Yandex explained the refusal to buy Tinkoff Bank
On October 16, 2020, it became known about a letter that the managing director of Yandex, Tigran Khudaverdyan, sent to the company's employees in order to explain the breakdown of the deal to buy Tinkoff Bank.
 | We constantly went to meet Oleg in his additional requirements. And of course, we agreed that after the transaction Oleg would participate in the management of the bank and help Yandex as a whole (this was logical, because as a result of the transaction Oleg would become a major shareholder of Yandex). Unfortunately, after each stage of negotiations, more and more new requirements arose. Therefore, when today we learned that Oleg had decided to leave the deal, we were not surprised, "Khudaverdyan wrote (excerpts from the letter are quoted by The Bell). |  |
According to him, Oleg Tinkov, under the terms of the agreement, would continue to take part in the management of the bank and influence Yandex as a whole, since he would become its major shareholder. In addition, the bank would be given freedom in business development and all the possibilities of the Yandex ecosystem. He called the Tinkoff Bank team cool and close in spirit, wished them success and promised that Yandex would continue to develop fintech.[2]
Oleg Tinkov, in a letter to employees, said that negotiations were underway to unite companies and "search for synergies," while Yandex insisted on buying the bank. According to the businessman, he was also influenced by the reaction of customers on social networks, whom the future merger did not please at all.
The head of Sberbank German Gref, in a conversation with Forbes, said that he regretted the breakdown of the deal between Yandex and Tinkoff Bank.
| | It is a pity that the deal did not take place, we would have received a strong competitor, which is good strategically, "German Gref told the publication. | |
Yandex changed its mind about buying Tinkoff Bank
On October 16, 2020, it became known that Yandex"" TCS Group and ("Tinkoff") stopped negotiations on the possible purchase by Yandex of 100% of the share capital. Tinkoff More. here
Buying an advertising platform K50
On October 9, 2020, Yandex announced the purchase of a K50 advertising platform from AddVenture Capital and management. The financial and other terms of the agreement were not disclosed. Read more here.
Sberbank and Yandex will share joint assets
As it became known to TAdviser on June 23, 2020, Sberbank and Yandex decided to share joint assets. In particular, Sberbank, as part of the development of the ecosystem, intends to sell Yandex 45% in Yandex.Market B.V., which operates in Russia under the brands Yandex.Market, Beru, Supercheck and others. In addition, Sberbank fully buys from Yandex its share (25% + 1 rubles) in Yandex.Money and will rebrand it by the end of 2020. Read more here.
Probability of loss of Yandex.dengi service
On June 2, 2020, it became known that Sberbank and Yandex in the next few days may stop cooperation in two areas at once. According to information from an unnamed source, this will affect the Yandex.Money and Yandex.Market services, moreover, one of them will go to the company, and the second to the bank. Read more here.
2019: Purchase of Bookform restaurant and service booking service
On September 18, 2019, Yandex announced the purchase of a booking service for restaurants and services Bookform. Read more here.
2018: Merging online taxi ordering businesses with Uber
On February 7, 2018, Yandex and Uber announced the closure of a deal to unite online travel ordering businesses in Russia and neighboring countries as part of the newly created company. At the time of closing the transaction, the parties invested $225 million and $100 million in this company, respectively. Taking into account these investments, the cash on the company's balance sheet amounts to $400 million. Thus, it is estimated at more than $3.8 billion. About 59.3% of the company is owned by Yandex, 36.9% by Uber, and 3.8% by employees.
Tigran Khudaverdyan, who previously headed Yandex.Taxi, became the CEO of the new company. The board of directors included four representatives from Yandex: Chairman of the Board of Directors of Yandex N.V. John Boynton, CEO Arkady Volozh, Operating and Financial Director Greg Abovsky and Vice President for Corporate Development Vadim Marchuk.
On Uber's part, the board included three representatives: Vice President of Corporate Development Cameron Poetzscher, head of the company in the region, the Europe Middle East Africa and Pierre-Dimitri Gore-Coty and head of international internal audit Michel DeBella.
After the deal closes, both ride-ordering apps - and Yandex.Taxi and Uber - will still be available to users. At the same time, taxi companies and drivers will switch to a single technological platform. UberEATS service in the regions of the transaction will also be transferred to a combined company.
2017: Creation of a joint venture with Sberbank for the development of "Take Marketplace"
On August 9, 2017, Sberbank and Yandex announced plans to create a joint venture (JV) based on the Yandex.Market service. As a result of the combination of infrastructure and technology, the partners intend to develop an e-commerce ecosystem that includes the purchase and sale of goods, including digital ones. Later, the service was called "Take Marketplace."
2016: Investing $5.5 million in Doc +
On July 6, 2016, it became known that Baring Vostok Private Equity Fund and Yandex invested about $5.5 million in Doc +. This money will go to marketing, the launch of the service in St. Petersburg and other Russian cities with a population of one million, the expansion of the platform and the number of services. Read more here.
2015: Yandex receives Agnitum technologies and employees
Yandex announced in December 2015 the "purchase of technologies" of the St. Petersburg antivirus developer Agnitum. As representatives of the Yandex press service emphasize, the deal is not a purchase of Agnitum itself. However, as a result of its implementation, Yandex received, in addition to technologies in the field of information security and Agnitum employees, who, led by the company's leaders, received an offer to go to work in a search engine. The transition to Yandex of the key employees of Agnitum is part of the already signed deal. The founders of Agnitum, according to Yandex representatives, will also be included in the search engine staff. They "will help adapt the team for the new team and integrate technology into the company's browser."
All employees who have switched to the search engine will work on the security mechanisms of Yandex.Browser. "Agnitum's experience will help in the development of Protect active protection technology, which is responsible for the security of Yandex.Browser users. It combines several mechanisms: password theft protection, the Secure Wi-Fi function, blocking suspicious sites and antivirus file scanning. "
2014
Purchase of Israeli company KitLocate for $10.2 million
In March 2014, Yandex announced the acquisition of 100% of the Israeli startup KitLocate, a developer of geo-positioning technology for Android and low-power iOS mobile devices.
In April 2014, Yandex disclosed the purchase price. $10.2 million will be paid for KitLokate. At the time of closing the transaction, KitLokate sellers received $4 million. Another $3.9 million was transferred to the account of a special escrow agent and will be paid within four years if the project developers continue to work at Yandex. The remaining $2.3 million will be paid subject to the achievement of a number of indicators acquired by the company.
Yandex sells Facebook shares for $8 million.
In 2013-14 Yandex sold Facebook securities that it inherited when selling Face.com (see below in 2012). Based on current quotations, he could have earned more than $8 million for them.
2013
Purchase of the Kinopoisk service for $80 million
In October 2013, Yandex announced the acquisition of Kinopoisk, a domestic cinema portal. Later it became known that the deal amounted to $80 million. Yandex acquired all 100% of Kinopoisk. As of the date of the transaction, according to the Unified State Register of Legal Entities, 40% of the service belonged to the French company Financiere AlloCine, and its founders Vitaly Tatsiy and Dmitry Sukhanov owned packages of 30% each.
Buying a 9.5% stake in the American search engine Blekko for $15 million
Another startup in which Yandex has invested is the American search engine Blekko. In 2011, Yandex bought 9.5% of its shares for $15 million. In 2013, in exchange for obligations in the amount of $3.5 million, Yandex received another 1.5% stake in this company and a warrant (option with the possibility of selling on the exchange) by 0.5%.
2012
Sale to Sberbank 75% in Yandex.Money for $60 million
Yandex's financial statements for the third quarter of 2012 report that the division of the Internet company engaged in electronic payments - Yandex.Money - has been retrained as an asset for sale.
| | "We are looking for the possibility of selling majority control in Yandex.Money to a strategic buyer," the company said in a statement. | |
Yandex CFO Alexander Shulgin told reporters that a deal to sell the asset could be made with one of the financial market participants in the coming year. The book value of Yandex.Money, based on the company's data, is 1.7 billion rubles.
On December 19, 2012, it became known about the acquisition by Sberbank for $60 million of a 75% stake minus 1 ruble in LLC, which owns the Yandex.Money payment system.
Integration of Yandex.Money with Sberbank began in February 2011. From that moment, it became possible to replenish the account in the search engine payment system through Sberbank ATMs. Thus, Yandex.Money became the first Internet payment system to connect to Sberbank.
Speaking about the prospects of the transaction, the head of Sberbank, German Gref, announced the preservation of the Yandex.Money brand, the existing payment service team, and the refusal to forcibly migrate clients from the Yandex payment system to the bank. On the contrary, according to Gref, we are talking about joining the client base of Sberbank to the clients of Yandex.Money.
German Gref (left) and Arkady Volozh (right) make an announcement about the purchase of Yandex.Money by Sberbank (in the center, the head of the service, Yevgeny Zavalishin)
As of December 2012, about 12 million accounts were opened in the Yandex.Money payment system. The number of active users of online services of Sberbank is 6 million, mobile services - 9 million, said Vice President of the Bank Denis Bugrov.
Commenting on the fundamental decision to sell the payment service to a strategic partner, the head of Yandex Arkady Volozh said that his company "managed to scoop out almost everything on the Internet (in the payment market - CNews), and now it's time for the Internet to go into real life."
Denis Bugrov told CNews that the current main task is to popularize electronic payments among the bank's clients. At the same time, one of the main topics of popularization will be payments between individuals and payments for housing and communal services.
According to Denis Bugrov, all Sberbank customers will receive invitations to Yandex.Money. The integration of Yandex.Money and Sberbank will take place at the level of user services, he explained, and the first joint products will appear in early 2013.
The head of Qiwi, Boris Kim, finds the terms of the deal fair: "Based on the published revenue data of Yandex.Money (383 million rubles in 2012) and growth rates (approximately 40% per year), and also considering that the company was acquired by Sberbank, we can say that the price paid is fair."
He believes that the acquisition of Yandex.Money by Sberbank will generally have a beneficial effect on the electronic payment market in Russia: "Of course, it will exacerbate competition, however, you need to understand that now the main and common competitor to electronic payments is not Sberbank at all and not other strong players, but cash."
The share of non-cash payments in Russia is only 10%, says Kim, and all market players will have to make efforts both in relation to sellers and in relation to buyers to persuade them to the side of non-cash payments in order to make the transition to non-cash payments from cash as comfortable as possible.
Denis Bugrov and Yandex.Money CEO Yevgeny Zavalishina refused to talk about the nature of the new products that will appear as a result of cooperation between Sberbank and Yandex, but Zavalishina assured CNews that their implementation would not interfere with work on previous Yandex.Money projects. In particular, the issue of plastic cards, which is being implemented jointly with TKS Bank, will continue.
The stock market liked the idea of Yandex to attract a partner for the development of relatively non-core Yandex.Money. After the news about the transaction, Yandex's securities on NASDAQ closed with a price of $22.01, which is 1.99% better than the day before[3]
Facebook buys Face.com, pays Yandex $5.7 million and transfers 142 thousand of its shares
Back in 2010, a Russian search engine bought the company Face.com (formerly called Vizi Information), a developer of facial recognition technologies. In 2012, the company was acquired by Facebook, and Yandex received $5.7 million and 142 thousand shares of Facebook for its share (0.005% of the total number of shares).
2011
Purchase of SPB Software
On November 28, 2011, it became known that Yandex acquired SPB Software, a mobile product developer and creator of the famous Spb Mobile Shell interface, for $38 million.
A source close to negotiations between Yandex and SPB Software told CNews[4]the acquisition cost the search engine $38 million.
SPB Software's development and design offices are located in St. Petersburg, Thailand and Taiwan. In total, 75 people work in them.
As a result of the purchase, the company will retain its name and continue to work on its own line of products, but at the same time the SPB Shell 3D system shell will be integrated with Yandex cloud services and technologies.
In addition, Yandex is counting on a synergistic effect as a result of cooperation between mobile developers Yandex and SPB Software.
Thus, according to the search engine, Yandex begins to provide vendors with an important component of any mobile platform - an interface that includes access to key services. This will allow him to work more closely with many companies in the mobile industry.
"In Yandex's development strategy, the mobile direction is one of the priorities. Thanks to the acquisition of SPB Software, we have the opportunity to offer the mobile market new high-quality products, "says Arkady Volozh, CEO of Yandex. "SPB Shell 3D is exactly the product we need to significantly increase our mobile presence."
Purchase of 99.99% of Avaps shares for 88 million rubles
In its materials for investors, published in April 2011, Yandex disclosed information about transactions made in recent years. 99.99% of Avaps shares (before the deal, Internet advertising technologies were transferred to Mediaseling, whose team moved to Yandex) - 88 million rubles.
2010
Purchase of GIS Technologies for RUB 143 mln
In June 2010, the Federal Antimonopoly Service (FAS) approved Yandex's petition to acquire 99.9% of the authorized capital of GIS Technologies, which develops navigation products. Yandex spokesman Ochir Manjikov confirmed to CNews that the companies are negotiating a deal. After their completion, Yandex will receive 99.99% of the capital, and Yandex.Traffic will receive 0.01%. In its materials for investors, published in April 2011, Yandex disclosed information about transactions made in recent years. 100% of the shares of the map developer "GIS Technology" cost 143 million rubles.
Purchase of an 18.4% stake in Israeli Face.com for $3 million
On September 27, 2010, it became known that Yandex, the investment company Rhodium and several private investors invested $4.3 million in the Israeli company Face.com, the developer of facial recognition technology in photographs. A source familiar with the details of the transaction in Yandex says that Arkady Volozh joined the board of directors Face.com. According to the same source, the acquisition of the Face.com stake was completed back in August 2010.
Later it became known that 18.4% of the shares of the Israeli developer of recognition technologies cost Yandex $3 million.
The representative of Yandex, Ochir Manjikov, considers "face recognition technologies developed by Face.com to be unique, which, perhaps, are not in any search company." He said that now Yandex and Face.com are "working on a large joint project."
For Yandex, pattern recognition is one of the important areas of promising development. In the program for attracting startups, which began in the summer of 2010, "recognition of faces, barcodes, objects on maps" is on the second line in the list of priorities.
As CNews was told in Yandex, Face.com is the second company acquired by a search engine as part of a startup search program. Now there are about ten companies in the queue for the search engine's investment, and the first of them was a "small developer of applications for iPhone," whose Yandex.Metro application has become available in the App Store.
2008: Purchase of Smilink news agency for 120 million rubles and 112 thousand shares to launch Yandex.Traffic
In 2008, Yandex acquired the Smilink news agency. Earlier, on the basis of information about traffic jams collected by this company from cameras on the roads, Yandex opened the Yandex.Traffic service. In preparation for the IPO in 2011, Yandex disclosed the purchase price of a 100% stake in Smilink - 120 million rubles and 112 thousand shares of class "B."
2007: Acquisition by Smartcom
The company acquired Smartcom, a developer of navigation products for Symbian, Windows Mobile and J2ME mobile platforms.
Notes
- ↑ Yandex removed Novosti and Zen from the iOS application and launched a new one for Android
- ↑ "Oleg has been trying to sell his bank for many years": Yandex explained the breakdown of the deal with Tinkoff
- ↑ Sberbank customers will receive invitations to Yandex.Money.
- ↑ Yandex bought the famous mobile interface developer that
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