Monday, November 28, 2011

Yandex (NASDAQ:YNDX) Acquires SPB Software


Uploaded by on Nov 28, 2011
Yandex (NASDAQ:YNDX) announced that the have acquired SPB Software, a leading developer in mobile software with offices in Russia, Taiwan, and Thailand. SPB offers a full suite of mobile solutions including a mobile user interface engine for smartphones and tablets.

Yandex Chief Executive Arkady Volozh said, "Mobile is a vital part of our growth strategy. The acquisition of SPB Software creates new market potential for us and a plethora of possibilities for innovative solutions for our partners."

With this acquisition, Yandex will start offering a key component for mobile platforms - a user interface configured to integrate the company's key services. This move boosts Yandex's opportunities to partner with the players in the mobile eco-system.

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