Yandex Acquires Mobile Developer SPB Software
Yandex (Nasdaq: YNDX) announced the acquisition of SPB Software, a developer of mobile software with offices in Russia, Taiwan, and Thailand. SPB offers a full suite of mobile solutions including a mobile user interface engine for smartphones and tablets.
With this acquisition, Yandex will start offering a key component for mobile platforms - a user interface configured to integrate the company's key services. This move boosts Yandex's opportunities to partner with the players in the mobile eco-system.
SPB Shell 3D, developed by SPB Software, will be enhanced to integrate Yandex's cloud services and technologies. In addition, users will have easy access to the company's services including its search capabilities featured on a wide variety of mobile devices.
"Mobile is a vital part of our growth strategy. The acquisition of SPB Software creates new market potential for us and a plethora of possibilities for innovative solutions for our partners," said Yandex's CEO Arkady Volozh. "SPB Shell 3D is an ideal foundation on which to build up our mobile opportunity."
