Yahoo! Launches New Lab in Bangalore, India

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Sunnyvale, March 5: : Yahoo! Inc. (NASDAQ:YHOO), a leading global Internet company, on Wednesday announced the expansion of its India R&D operations with the launch of Yahoo! Labs - Bangalore, its first in India. Dr. Rajeev Rastogi has been appointed as vice president and head of the new lab.

Yahoo! Labs - Bangalore will be a center of excellence for next generation search and advertising technologies, focused on making the Web more relevant and simple for users and advertisers. As a demonstration of Yahoo!'s commitment to recruiting world-class talent in India, Rastogi was appointed to assemble a world-class team of scientists and engineers to focus on new approaches to information extraction and machine learning, multimedia and query processing.

"Yahoo! Labs - Bangalore intends to build its world-class team, which is focused on delivering the most valuable insights and leading edge technologies to delight all of our customers worldwide," said Dr. Prabhakar Raghavan, SVP and Head of Yahoo! Research. "Rajeev's background and expertise in product development, as well as his deep experience in research will strengthen our leadership in international research and technology and leverage knowledge from across the region."

Prior to joining Yahoo!, Rastogi was the founding director of Bell Labs India. He was a Bell Labs Fellow and Distinguished Member of its Technical Staff. Currently, he sits on the editorial board of Communications for the Association for Computing Machinery (CACM). Rastogi has published over 125 papers on database systems and information storage and management and holds over 40 patents.

"Yahoo! is focused on pioneering research and technology to delight hundreds of millions of users each day on the Web," said Rastogi. "I'm delighted to be joining Yahoo! and plan to draw on my experiences in the areas of database systems, data mining and network management to help the team tackle some of the toughest problems on the Web."

"We are excited to have a scientist of Dr. Rajeev Rastogi's stature establish Y! Labs - Bangalore, in India. Yahoo! India R&D contributes significantly to the success of Yahoo! globally and Y! Labs - Bangalore will further leverage this momentum in India. We believe Yahoo! Labs - Bangalore will play a critical role in driving the next wave of innovation on the Internet," said Sharad Sharma, CEO Yahoo! India R&D.