Yandex is a technology company that is based in Moscow, Russia. The organization has grown to become the largest platform for conducting internet searches in the country. It has grown to an impressive size and is one of the most frequently used platforms with more than 57 percent of all search traffic channeled through its portals. If you're not familiar with this technology giant, here are 20 things you probably didn't know about Yandex.
1. Yandex is a multinational technology company
According to Crunchbase, although Yandex has its headquarters in Moscow, Russia it is considered a multinational enterprise. Yandex provides internet-related services for all of Russia as well as for other European countries. The business has operations in Turkey, Belarus, Kazakhstan, and Ukraine as well.
2. Yandex uses 67 technologies to power its website
The Yandex website actively uses 67 technologies to provide users with a smooth and seamless experience. This complicated array of technologies is distributed across 29 technology products and services. Some of the services include iPhone Mobile Compatible, Google Analytics, Google Font SPI, jQuery, HTML5, and dozens of others. Although the annual cost of these technology products and services has not been confirmed, our experience is that it can cost in the hundreds of thousands if not millions in overhead expenses.
3. Yandex is the king of registered patents
Yandex has secured a high number of patent registrations in the computing and calculating category. The last figures show that Yandex has 167 registered patents that help it to maintain uniqueness within its niche of the technology industry. On top of that, it has also registered 29 trademarks in the scientific and technological services category. Yandex stands out from all of the other companies in its industry because it maintains uniqueness through its patents and trademarks that cannot be legally imitated by rivals.
4. Web traffic is growing for Yandex
The analytics for the Yandex website shows that the number of monthly visits is growing. Over the past 30 days, the monthly visits growth has increased by 2.78 percent. It is one of the largest ranked websites on the world wide web. Of the millions of websites registered, Yandex ranks number thirteen based upon its high volume of web traffic. It has received a total of 3,487,836,807 visitors in the last thirty days. There are only 12 websites in the world that receive higher traffic volumes.
5. Yandex is the most popular in the Russian Federation
Statistics for Yandex show that ninety-two percent of the web traffic comes from visitors within the Russian Federation. There is a monthly visits growth rate of 2.86 percent from this country. Two percent of the visitors come from Belarus. One percent of the web traffic is from visitors from Kazakhstan with a 99.61 percent monthly growth rate. Ukrainian visitors make up one percent of the web traffic with a more than eighteen percent increase in visits, and one percent of visitors come from the United States showing a monthly visitor growth rate of more than seven percent.
6. Yandex has a strong core leadership team
The executive leadership team is made up of 39 members with 8 core employees leading the group. Greg Abovsky is the chief operating officer and chief financial officer. Arkady Volozh is a co-founder and the global chief executive officer. Anna Veronika Dorogush is the head of machine learning systems and software engineer. Dmitry Karmishin is the head of sales operations. Anton Karpov is the chief information security officer. Dmitry Stepanov is the director of new product development. Alexei Tretiakov is the vice president of sales and business development officer. Omri Allouche is a senior lecturer.
7. Yandex has a four-member board of directors
The board of directors for Yandex is comprised of four members. Jane Zavalishina is the chief executive officer of the Yandex Data Factory. She currently serves on one board in an advisory role. Esther Dyson joined the Yandex board in 2007. She is the founder of Wy to Wellville and has invested in 95 portfolio companies with 27 exits. Ilya Strebulaev joined the board in July of 2018. Ilya is a professor of finance at Stanford Graduate School of Business and currently serves on one board of directors as an advisor. John Boynton joined the Yandex board of directors in 2000. He is the president of Firehouse Capital. He currently serves on four boards of directors in advisory roles.
8. Yandex raised a total of $1 billion in funding
Yandex secured the interest of 7 investors. The most recent investors to support Yandex include Roman Abramovich and Alexander Abramov. It raised a total of $1 billion in funds. The company has participated in 6 funding rounds with the most recent closing on June 25, 2020, in a Post-IPO equity round.
9. Yandex is a diverse enterprise
According to Wikipedia, Yandex is a complex tech company that provides services related to the internet for its customers. The corporation provides more than 70 products and services that are internet-based. Among them are search and information services, transportation services, navigation, mobile applications, e-commerce, and online advertising. It is a complicated corporation that has a lot to keep track of.
10. Yandex is a Dutch public limited company
Yandex has a unique history that has its roots in both Russia and the Netherlands. The founders of the company and the majority of its team members are physically located in Russia, but it is a Dutch public limited company that is registered in Schiphol, the Netherlands under the category of naamloze vennootschap. Although the origins may seem confusing, it is a multinational company that maintains its physical presence in Russia with networks that extend from this home base.
11. Yandex is the largest in Russia
Yandex is the single largest technology company in the Russian Federation. It is the second largest search engine that exists in Russian on the internet and it has claimed more than 42 percent of the market share, giving it the largest slice of the European market share in its category. It has risen in status to become the world's fifth-largest search engine with Yahoo, Bing, Baidu, and Google the only larger ones. It goes up against Rambler, Google, and Mail.ru as its chief competitors in the Russian Federation.
12. Yandex has an impressive history
In 2001, Yandex launched its online advertising network called Yandex. Direct. In 2009, it gained ground with Mozilla Firefox 3.5 as the replacement for Google as a default search provider for builds featuring the Russian language. This was a huge step forward. The same year it offered users a legal free music player in its search results to decrease illegal downloads. YandexMusic followed the next year with a streaming service that provides 58,000 performers with 800,000 tracks.
13. Yandex also provides services in English
Yandex is versatile in that it also provides a web search engine that is English only. The version was launched in 2010. In 2013, it added a user interface for its translation mobile app that was offered in an English version. Yandex Direct ads were added to Mail.Ru in 2013. In 2017, it added its intelligent personal assistant called Alice for Android, iOS, and Microsoft windows. The assistant is called Alisa in Russian.
14. Yandex is also into autonomous vehicles
Yandex has also gotten into the autonomous technology scene. It revealed the first tests of its autonomous cars in February of 2018. The reveal was held in Moscow, Russia. Yandex is expanding into a variety of vertical markets and it is growing in size and scope with every year that passes.
15. Yandex has been profitable for years
Yandex had its first profitable year in November of 2002 when the books showed that the company had reached this exciting milestone in its development. Within two years the sales for Yandex increased by 1,000 percent to a total of $17 million with a net income of $7 million for 2004. By June of 2006, the Yandex. The direct ads system was bringing in weekly revenue of more than $1 million. Yandex has enjoyed being a profitable company for more than a decade as of the summer of 2021.
16. Yandex is a publicly-traded company
Yandex went public with its initial public offering on the NASDAQ stock exchange on May 24, 2011. The day ended with a total of $1.3 billion raised. This was the biggest IPO for a dot-com business since 2004 when Google made the news. At the time of the IPO, the largest investors were Tiger Management with a fifteen percent stake in Yandex, and Baring Vostok Capital Partners with a thirty percent stake. The giant tech company proved to be one of the better startups coming out of Russia. It achieved the status of the largest media property in Russia in 2013, by revenue.
17. Yandex acquired moikrug.ru
In March of 2007, Yandex acquired moikrug.ru, a social networking service. This was followed by the 2008 acquisition of SMILink, a road traffic monitoring agency in Russia that merged with the parent company. It also acquired the Punto Switcher software program for automatic Russian to English keyboard switching. It also acquired The Tweeted Times in August of 2011, as well as software developer SPB Software in a $38 million deal. Yandex went on to make yet more acquisitions including Auto.ru, Agnitum, and Loginza, a single sign-in service.
18. Yandex is also into food delivery services
Yandex acquired a food delivery company called Foodfox in December of 2017. This opened up yet one more set of verticals for the ever-growing corporation. It squared a company called Edadil to offer deals on grocery items to its customers. Grocery delivery services have become one of the more profitable ventures during the ongoing pandemic. People are happy to use a mobile app to order their grocery items and have them safely delivered to their homes instead of braving the crowds and going out to make the purchases in person. The tech company has leveraged its technologies to branch out into other markets through acquisitions and mergers within multiple industries. When one looks at the bigger picture of what Yandex has become, it is overall a tech company that is fully leveraging the advancements in technologies to offer a broad range of products and services through multiple subsidiaries that carry out the services.
19. Yandex has its sights set on transportation
Yandex is a company that takes its love and passion for technology to the ultimate limits. Techcrunch reports that Yandex has acquired a large stake in SDG, a Self-Driving Group, that was previously owned by Uber. It also purchased Uber's interests in Yandex Eats, as well as Yandex Delivery and Yandex Lavka. Yandex was willing to pay $1 billion to Uber to claim one hundred percent ownership of these four businesses. It's preparing to ramp up its investments in autonomous technology and taxi services to get a larger slice of the transportation and autonomous technology pie with its ride-sharing services. It's also taking over the food delivery services offering last-mile logistics service along with 15-minute delivery service for convenience stores.
20. Yandex is a company to keep your eye on
Remarkably, Yandex has expanded its operations to include so many different verticals within the technology industry as a whole. The mega-giant has now gone to the public arena where shares of its stocks are offered for purchase trading and selling. The company has long been profitable and it represents an interesting addition to any diversified portfolio. It's a stock that is well worth consideration or at least talking to your investment broker about. Yandex has been around for a while and it just keeps getting bigger and better. It's one of those giants that has spread itself across so many different industries that it's likely to always come out in the black even when there's a lull in one part of the company.
Written by Allen Lee
Read more posts by Allen Lee