Yandex To Acquire Traffic Information Service SMIlink

Russian leader in search Yandex has announced plans to acquire SMIlink, a provider of traffic services. Yakov over at Quintura has the details on the acquisition. Note that SMIlink's traffic services are not Web traffic-based but rather actual traffic out in the streets of Russia.

Financial terms of the deal were not disclosed. SMIlink has a staff of about 70.

Check out our in-depth interview with Yandex CTO Ilya Segalovich. Yandex was also rated one of the top 10 Web sites in Russia by GOAL.