Moscow and The Hague, July 28, 2013. Yandex (NASDAQ:YNDX) today confirmed with great sadness the death of Co-Founder and Chief Technology Officer Ilya Segalovich.
On July 25, 2013, Yandex issued a press release announcing that Mr. Segalovich had passed away. On an analysts’ call later that day, the company announced that further reports from the attending doctors had clarified that at that time Mr. Segalovich remained on life support and in critical condition. Mr. Segalovich ultimately succumbed to his illness on July 27.
Yandex (NASDAQ:YNDX) is one of Europe's largest internet companies, providing the world with search and online services one market at a time. Yandex’s mission is to help users solve their everyday problems by building people-centric products and services. Based on innovative technologies, the company offers the most relevant, locally tailored experience on all digital platforms and devices. Yandex is the leading internet search service in Russia with 61.6% of the country's search market (according to LiveInternet, June 2013) and a monthly audience of 54.3 million (according to comScore, May 2013). Yandex also operates in Turkey, Ukraine, Belarus and Kazakhstan. More information about Yandex can be found at http://company.yandex.com