Yandex developer Arkady Volozh
History
Name
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 name initially stood for "Yet Another iNDEXer". However, this is also a bilingual pun on "index" since "Я" ("ya") means "I" in Russian. Another pun is based on the yin and yang contrast (Russian: инь – индекс, ян – яндекс).Development
Between 1993 and 1996, the company continued developing its search technologies and released software for searching the Bible. The Yandex.ru search engine was launched on September 23, 1997, and was presented at the Softool exhibition in Moscow. Initially, the search engine was developed by Comptek. In 2000, Yandex was incorporated as a standalone company by Arkady Volozh.In 1998, Yandex launched contextual advertisement on its search engine.
In September 2005, it opened an office in Ukraine and launched www.yandex.ua. In 2007, Yandex introduced a customized search engine for Ukrainian users; Yandex also opened its development center in Kyiv in May 2007. In 2008, Yandex extended its presence in Ukraine by increasing bandwidth between Moscow data centers and UA-IX in Ukraine fivefold. In 2009, all services of www.yandex.ua were localized for the Ukrainian market. In 2010, Yandex launched its "Poltava" search engine algorithm for Ukrainian users, based on its MatrixNet technology.On June 20, 2008, it announced the formation of Yandex Labs in Silicon Valley, with an objective to foster "innovation in search and advertising technology".In 2022, TechCrunch reported that Yandex was selling its media division after the EU sanctioned the former head of its news operation, Lev Gershenzon (VK confirmed to be the buyer in an Apr 2022 press release). The CNN also reported in March 2022 that Yandex warned it may not be able to pay its debts due to sanctions imposed on Russia. On 12 September 2022 Yandex transferred its domain from yandex.ru to ya.ru. In late November 2022, the holding company announced a review of its ownership with the goal of divestment.
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