The Russian company Yandex is no longer the owner of GIS Technologies LLC. Such data is contained in the Unified State Register of Legal Entities.
Thus, a 100% package of GIS Technologies LLC was transferred to a limited liability company "Spb Software Limited" registered in Hong Kong. Yandex LLC has withdrawn from the founders of GIS Technologies.
Spb Software Limited is operated by the Netherlands-based Yandex N.V., and the Hong Kong offshore branch is located at the same address where GIS Technologies LLC is registered.
In September 2022, another newly created Yandex asset, Yandex Crowd LLC, was transferred to the same offshore.
GIS Technologies develops computer software. In 2021, the company earned 381.5 million rubles.
Yandex is a Russian multinational company in the field of information technology. The Yandex search engine is the fourth among the world's search engines in terms of the number of requests processed.
Yandex's profit for 9 months of 2022 amounted to 40.56 billion rubles against a loss of 11.79 billion rubles a year earlier. Adjusted net profit increased by 87% to RUB 10.02 billion from RUB 5.36 billion. Revenue increased by 45% to RUB 356.9 billion from RUB 245.8 billion, adjusted EBITDA increased to RUB 46.97 billion from RUB 22.4 billion.
