The search engine was launched on September 23, 1997, and was presented at the Softool exhibition in Moscow. Another pun is based on the yin and yang contrast (Russian: инь – индекс, ян – яндекс).īetween 19, the company continued developing its search technologies and released software for searching the Bible. However, this is also a bilingual pun on "index" since "Я" ("ya") means "I" in Russian. The name initially stood for "Yet Another iNDEXer". In 1993, Arkady Volozh and Ilya Segalovich, friends since their school days and by then working together to develop search software, invented the word "Yandex" to describe their search technologies. The company opened its first office in Shanghai during 2015 to work with Chinese companies that work in the Russian language market.
The company opened a sales office in Lucerne in 2012 to serve its European advertising clients, while opening a research and development office in Berlin in 2014. Yandex Labs was opened in Silicon Valley in 2008, and also in Istanbul in 2011.
According to Yandex, one of its biggest advantages for Russian-language users is the ability to recognize Russian inflection in search queries. Its main competitors on the Russian market are Google,, and Rambler. It also has the largest market share of any search engine from Europe and the Commonwealth of Independent States and is the 5th largest search engine worldwide after Google, Baidu, Bing, and Yahoo!. The firm is the largest technology company in Russia and the second largest search engine on the Internet in Russian, with a market share of over 42%. It primarily serves audiences in Russia and the Commonwealth of Independent States, and also has 18 commercial offices worldwide. The firm is registered in Schiphol, the Netherlands as a naamloze vennootschap (Dutch public limited company), but the company founders and most of the team members are located in Russia. ( / ˈ j ʌ n d ɛ k s/ Russian: Яндекс) is a Russian multinational corporation providing over 70 Internet-related products and services, including transportation, search and information services, e-commerce, navigation, mobile applications, and online advertising.
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