Yandex, Russian search engine company, buys SPB Software, a mobile software firm, in order to increase its mobile offerings. Yandex sees a mobile industry as a crucial part of its expansion strategy; the takeover of SPB Software creates new possibilities for Yandex to penetrate mobile industry, said Arkady Volozh, CEO at Yandex. Yandex company also reported about successful performance this year; earnings for the Q3 rose by 93% as a result of higher revenue, new products and services provided.