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Russia's premier internet company to extend its global reach using the NAVTEQ® Map
MOSCOW, Jan. 30, 2012 --NAVTEQ, the leading global provider of maps, traffic and location data enabling navigation, location-based services and mobile advertising around the world, has been selected to supply map data to Yandex, Russia's premier internet company.
The current agreement gives Yandex access to NAVTEQ global map data for use on any Yandex domains around the world with highly detailed NAVTEQ®Map data available to Yandex from Europe to Eurasia, North America to Australia and Asia. For example, last September the company launched a web portal in Turkey and in October began offering Turkish map services powered by NAVTEQ data.
"Our association with NAVTEQ, the leading map content provider, will help us take Yandex.Maps to the level of a comprehensive, all-purpose mapping service that can answer questions about countries throughout the world. We already have a happy experience sourcing map content from NAVTEQ. The detailed map of Turkey launched last year was the first map we licensed from NAVTEQ. And it was a tremendous success," said Maria Orlova, head of Yandex.Maps Production and Quality Control Service.
"This is a momentous collaboration with Yandex of which we are very proud: Yandex is fast becoming a global force in internet portal development offering a wide range of personalised search services such as Yandex.News, Yandex.Market, Yandex.Mail and we can provide the right level of market-leading content to further develop location based services outside of Russia," added Claude Martane, VP Sales Emerging Markets NAVTEQ. "This is also an excellent opportunity for us to further extend our global web portal presence."
About NAVTEQ
NAVTEQ is the leading global provider of location content in the form of maps, traffic and places data that enables navigation, location-based services and mobile advertising around the world. NAVTEQ supplies precise, comprehensive location content to power automotive navigation systems, portable and wireless devices, Internet-based mapping applications and government and business solutions. The Chicago-based company was founded in 1985 and has approximately 5,800 employees located in 200 offices in 54 countries.
NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.
About Yandex
Yandex (NASDAQ: YNDX) is the leading internet company in Russia, operating the country's most popular search engine and most visited website. Yandex also operates in Ukraine, Kazakhstan, Belarus and Turkey. Yandex's mission is to answer any question internet users may have.
