Yandex is an internet technologies company that operates in Russia and CIS. It is the largest Russian and seventh-largest world internet search engine. “Yandex” is an acronym for the phrase “Yet Another Indexer.”

As of December 2010, Yandex had approximately 64.1% of the Russian search market, compared to Google’s 21.5% (www.liveinternet.ru).

Yandex’s mission is to give the answer to the user anytime and anywhere. Company provides its services for desktop and mobile users and develops embedded solutions as well.

The company specializes on highly-targeted sophisticated web search and information retrieval services based on world-class technologies like a proprietary machine-learning method MatrixNet.

Yandex provides localized services for its users, as well as enables them to search for websites in other languages.

In addition to web search the company offers dozens of free online services, granting access to extensive local, national and international information. The services include maps; traffic jams information; photo hosting; news service; blog search; spam-free email and many others.

In 2009, Yandex’s revenue totaled to $278m. Contextual ads accounted for 86% of the company’s revenues. Display ads comprised 11%.