Yandex, Russia’s leading search engine company has acquired The Tweeted Times. Yandex has been actively investing into Internet start-ups over the last year. In January of this year, Ilya Segalovich of Yandex cited this site as one of the most interesting Russian start-ups of the year.
The Tweeted Times (tweetedtimes.com)
Semantic Dimensions Inc. is the company behind the Tweeted Times. This company has five co-founders, which are based in San Francisco, Moscow and Zurich. The Tweeted Times is a service that gathers information designated from Twitter accounts and generates a newspaper for reading enjoyment.
Yandex (www.yandex.ru)
As the largest Internet search engine in the Russian-speaking world, Yandex aims to be Russia’s leading Internet and technology company. They specialize in taking their understanding of Russian culture and language and applying it to a search portal which provides services like national and international news, local news, e-mail, user content, and more.
The company succesfully completed its first NASDAQ IPO in May 2011 which valued USD 1.3 billion.
Yandex’s second quarter financial results show massive growth (57%) from Q2 2010 with its reported USD 161.7 million in revenue.
06/09/2011
Central & Eastern Europe, Internet, E-Commerce & E-Services, Private Equity News, Russia