Yandex Buys Smilink

Internet, June 16, 2008. Yandex will be closing the acquisition of Smilink, a Russian road traffic monitoring agency, in July this year. The financial terms of the acquisition are confidential.

Pavel Goldin, who has been heading Smilink since 2005, will keep his position as CEO. The agency’s other staff will all keep their positions as well. After closing the deal, the agency is to become a subsidiary of Yandex LLC.

The Smilink project was launched in 2001 by the VessoLink group. Today, the agency has about 70 employees.

Contact:
Media Relations
Vladimir Isaev, Ochir Mandzhikov
Phone: +7 495 739-7000
E-mail: pr@yandex-team.com