Russian Search Engine Company Yandex Acquires SPB For $38 Million

Russian search engine company Yandex NV (NASDAQ:YNDX) has been having a big week. Last week Yandex announced that they will be the default search engine on Windows Phones in Russia. Earlier this week, Yandex announced that they have acquired mobile software company SPB Software. The price of SPB Software is believed to be around $38 million.

SPB started in 1999 and originally focused on developing applications for Android and Windows mobile devices. SPB has been making their applications cross-platform since then. Some of SPB’s applications include a mobile wallet, data traffic analytics, games, a mobile user interface builder, and web TV integration.

Yandex spokesperson Ochir Mandzhikov was particularly interested in the mobile user interface engine for mobile devices and tablets called Shell 3D. Yandex plans on using Shell 3D for their cloud services and technologies.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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