DOCSLIB.ORG

Brightcom Group Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Brightcom Group Ltd STAKEHOLDERS EMPOWERMENT SERVICES BRIGHTCOM GROUP LTD SECTOR: IT - SOFTWARE REPORTING DATE: 23RD FEBRUARY, 2019 Brightcom Group Ltd NSE Symbol - BCG TABLE 1 - MARKET DATA (STANDALONE) (AS TRADED ON 22ND FEBRUARY, 2019) Sector - IT - Software NSE Market Price (`) 2.90 NSE Market Cap. (₹ Cr.) 138.11 Face Value (`) 2.00 Equity (` Cr.) 95.25 Business Group – N.A. 52 weeks High/Low (₹) 5.90/2.30 Net worth (₹ Cr.)* 582.88 Year of Incorporation - 1999 TTM P/E N.A. Traded Volume (Shares) 6,25,596 TTM P/BV 0.24 Traded Volume (lacs) 18.14 Registered Office - Source - Capitaline, TTM - Trailing Twelve Months, N.A. - Not Applicable, * As on 30th September 2018 Floor: 5, Holiday Inn Express & Suites, COMPANY BACKGROUND Road No 2, Nanakramguda, Brightcom Group Limited provides digital marketing solutions and computer software Gachibowli, Hyderabad, development services to businesses, agencies, and online publishers worldwide. It Telangana – 500 032 operates through Digital Marketing and Software Development segments. It operates a network of community and social sites that include Gamesville.com, Tripod.com, Company Website: Angelfire.com, and Lycos.com. The company was formerly known as Lycos Internet www.brightcomgroup.com Limited and changed its name to Brightcom Group Limited in September 2018. Brightcom Group Limited was incorporated in 1999 and is based in Hyderabad, India. rd Surveillance Actions: There was no surveillance action on the Company as on date of this Report i.e. 23 February, 2019. Revenue and Profit Performance (Standalone) The revenue of the Company increased from ₹ 114.72 crores Quarterly revenue and Profit (₹ CRORE) 150 to ₹ 115.88 crores from quarter ending Sep’17 to quarter 115.88 116.64 114.72 ending Sep’18. The Company made a loss of ₹ 3.19 crores in 100 quarter ending Sep’18 vis-a-vis making a loss of ₹ 1.23 crores in quarter ending Sep’17. 50 -3.19 -0.18 -1.23 0 -50 Sep'18 Mar'18 Sep'17 Revenue Profit Source: Moneycontrol Performance vis-à-vis Market 1.40 1.20 TABLE 2- Returns 1-m 3-m 6-m 12-m 1.00 Brightcom Group Ltd 0.00% -10.77% -23.68% -44.76% 0.80 Nifty 0.10% 0.59% -7.70% 3.19% 0.60 Nifty IT 4.29% 7.19% 1.03% 22.83% 0.40 Source – Capitaline /NSE Feb 18 Apr 18 Jun 18 Aug 18 Oct 18 Dec 18 Feb 19 Brightcom Group Ltd NIFTY NIFTY IT Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory 1 | P AGE STAKEHOLDERS EMPOWERMENT SERVICES BRIGHTCOM GROUP LTD SECTOR: IT - SOFTWARE REPORTING DATE: 23RD FEBRUARY, 2019 TABLE 3 – QUATERLY FINANCIALS (STANDALONE) % Change (₹ Cr.) Sep’18 Mar’18 Sep’17 Sep ’18 vs Mar’18 Mar’18 vs Sep’17 Net Worth 582.88 583.00 585.16 -0.02% -0.37% Current Assets 362.85 358.86 363.69 1.11% -1.33% Non-Current Assets 516.65 518.13 518.29 -0.29% -0.03% Total Assets 879.50 877.00 881.98 0.29% -0.57% Investments 509.03 509.03 508.98 0.00% 0.01% Finance Cost 3.79 5.29 3.39 -28.36% 56.05% Long Term Liabilities 99.81 89.62 90.48 11.37% -0.96% Current Liabilities 196.82 204.37 206.34 -3.70% -0.95% Turnover 115.88 116.64 114.72 -0.65% 1.67% Profit After Tax -3.19 -0.18 -1.23 N.A. N.A. EPS (₹) -0.07 -0.00 -0.03 N.A. N.A. Source - Money Control/Stock exchange filing AUDIT QUALIFICATIONS Audit Qualifications in last 3 years: The Statutory Auditors have not made qualification in their Report for FY 2015-16, FY 2016- 17 and FY 2017-18. Response Comment Frequency of Qualifications No - Have the auditors made any adverse No - remark in last 3 years? Are the material accounts audited by the No - Principal Auditors? The consolidated financial statements contain unaudited accounts of Foreign subsidiaries. The unaudited statements are material (>20% of the assets & revenue) with respect to the consolidated accounts of the Company. As a material part of the consolidated Do the financial statements include financial statements of the Company are unaudited, this raises Yes material unaudited financial statements? concern regarding the fairness of such financial statements. However, the financial statements and other financial information of such foreign subsidiaries have been prepared by management in accordance with accounting principles generally accepted in their respective countries. TABLE 4: BOARD PROFILE (AS PER ANNUAL REPORT - FY 2017-18) Regulatory Norms Company % of Independent Directors on the Board 50% 60% % of Promoter Directors on the Board - 40% Number of Women Directors on the Board At least 1 2 Classification of Chairman of the Board - Promoter Executive Director Is the post of Chairman and MD/CEO held by the same person? - Yes Average attendance of Directors in the Board meetings (%) - 71.43% Note: Board Composition is as on 31st March, 2018 Composition of Board: As per Regulation 17(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company should have at least 50% Independent Directors as the Chairman of the Board is a Promoter Director. The Company has 60% of Independent Directors and hence, it meets the regulatory requirements. Board Diversity: The Company has 5 directors out of which 2 are Women Directors. Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory 2 | P AGE STAKEHOLDERS EMPOWERMENT SERVICES BRIGHTCOM GROUP LTD SECTOR: IT - SOFTWARE REPORTING DATE: 23RD FEBRUARY, 2019 Attendance at Board Meetings: During the FY 2017-18, the average attendance of Directors in the Board meetings was 71.43% TABLE 5 - FINANCIAL RATIOS % Change Ratios Sep’18 Mar’18 Sep’17 Sep ’18 vs Mar’18 vs Mar’18 Sep’17 Inventory Turnover N.A. N.A. N.A. N.A. N.A. Debtors Turnover 0.51 0.51 0.51 0.08% 0.29% Fixed asset Turnover 0.22 0.23 0.22 -0.37% 1.70% Ratios Turnover Turnover Current Asset Turnover 0.32 0.33 0.32 -1.74% 3.04% Total Sales to Total Assets Ratio 0.13 0.13 0.13 -0.93% 2.25% Operating Profit Margin 3.06% 4.76% 2.42% -35.62% 96.35% Net Profit Margin -2.75% -0.15% -1.07% N.A. N.A. Return on Assets (ROA) N.A. N.A. N.A. N.A. N.A. Return on Equity (ROE) N.A. N.A. N.A. N.A. N.A. Return Ratios Return Return on Capital Employed (ROCE) N.A. N.A. N.A. N.A. N.A. Current Ratio 1.84 1.76 1.76 5.00% -0.38% Quick Ratio 1.84 1.76 1.76 5.00% -0.38% Cash Ratio 0.69 0.64 0.67 8.35% -4.82% Ratios Liquidity Liquidity Working Capital Turnover ratio N.A. N.A. N.A. N.A. N.A. Debt to Equity Ratio 0.28 0.26 0.26 6.45% 0.10% Total Liabilities to Totals Asset Ratio 0.34 0.34 0.34 0.61% -0.39% Retained Earnings to Totals Assets Ratio* N.A. 0.08 N.A. N.A. N.A. Long Term Debt to Total Asset Ratio 0.11 0.10 0.10 11.23% 0.08% Solvency Ratios Solvency Interest Coverage Ratio 0.94 1.05 0.82 -10.72% 27.94% Market Cap / Sales 1.32 1.88 2.49 -29.98% -24.59% Market Cap/ Net Worth 0.26 0.38 0.49 -30.42% -23.05% Market Cap/PAT N.A. N.A. N.A. N.A. N.A. Ratios Trading Trading Market Cap/EBITDA 42.93 39.47 102.79 8.75% -61.60% Source - Money Control/Stock exchange filing |*Retained Earnings information is not available in quarterly financial results TABLE 6 - TRADING VOLUME % Change Particulars Sep'18 Mar'18 Sep'17 Sep ’18 vs Mar’18 Mar'18 vs Sep'17 Trading Volume (shares) (avg. of 1 qtr) 391,947 2,422,171 957,862 -83.82% 152.87% Trading Volume (shares) (high in 1 qtr) 1,192,019 25,270,533 9,919,665 -95.28% 154.75% Trading Volume (shares) (low in 1 qtr) 113,948 171,368 182,681 -33.51% -6.19% Ratio - High/low trading volume 10.46 147.46 54.30 -92.91% 171.57% Ratio - High/average trading volume 3.04 10.43 10.36 -70.85% 0.74% Source - Capitaline TABLE 7 (A): OWNERSHIP & MANAGEMENT RISKS Sep'18 Mar'18 Sep'17 Comments st Promoter shareholding 39.14 39.11 39.11 • No new equity shares were issued during the period from 1 Oct, th 2017 to 30 Sep, 2018. Public - Institutional 13.30 15.65 20.21 • The Promoter shareholding marginally increased by 0.03%. shareholding • The shareholding of public institution decreased from 20.21% to Public - Others 47.56 45.24 40.68 13.30% and that of public others increased from 40.68% to shareholding Shareholding (%) Shareholding 47.56% during the same period. Non-Promoter Non- 0.00 0.00 0.00 Public Shareholding • The promoters have pledged 56.67% of their shareholding. Source - NSE Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory 3 | P AGE STAKEHOLDERS EMPOWERMENT SERVICES BRIGHTCOM GROUP LTD SECTOR: IT - SOFTWARE REPORTING DATE: 23RD FEBRUARY, 2019 MAJOR SHAREHOLDERS (AS ON 30TH SEPTEMBER, 2018) S. No. Promoters Shareholding S. No. Public Shareholders Shareholding 1 M. Suresh Kumar Reddy 15.77% 1 Oak India Investments 7.01% 2 Vijay Kumar Kancharla HUF 13.03% 2 Everest Capital (M) Ltd 5.98% 3 Redmond Investments 5.20% 3 AKG Finvest Ltd 3.88% 4 Geetha Kancharla 1.37% 4 Priya Prakash 3.41% 5 S V Rajyalaxmi Reddy 1.37% 5 Uno Metals Ltd 2.05% Source – NSE TABLE 7 (B): OWNERSHIP & MANAGEMENT RISKS Market Activity of Promoters* The shares held by promoters increased by 13,000 during the FY 2017-18.
Load more

Recommended publications
  • YMA Has Moved out of Chapter 11
    ________________________________________________________________________________ YMA has moved out of Chapter 11 Hyderabad, August 22, 2017: LYCOS (NSE: LYCOS I BSE: 532368), the global Internet brand, today announced that its wholly owned US subsidiary Ybrant Media Acquisition (YMA) has moved out of Chapter 11. While the required funds were not yet available, LYCOS informed the court that significant progress was made towards completion of the financing. United States Bankruptcy court of NY denied confirmation of the plan filed by the debtor causing YMA to being moved out of Chapter 11. The Judge advised both parties YMA and Daum to settle the case out of court. LYCOS reached out to Daum counsel to lay the ground work for settlement discussions. Media Contact: [email protected] About LYCOS LYCOS is one of the original and most widely known Internet brands in the world, evolving from pioneering search on the web, into a family of three business units covering digital media, marketing, and Internet of Things (IoT). LYCOS Media is a network of easy-to-use community and social sites in 120 languages across 177 countries. LYCOS’ award-winning products and services include tools for blogging, web publishing and hosting, online games, e-mail, and search. The LYCOS Network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere, and LYCOS Mail. ‘Brightcom powered by LYCOS’, enables businesses, agencies, and online publishers worldwide in meeting their digital marketing needs, serving 40 billion impressions every month. Clients include leading blue chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and Unilever.
    [Show full text]
  • STRATEGIC RATIONALE Should a Firm Build a Strategic Alliance?
    01-Schaan.qxd 8/14/2006 6:03 PM Page 1 1 STRATEGIC RATIONALE Should a Firm Build a Strategic Alliance? In Brief Today’s business environment has changed. Amid rapid and dramatic change heavily driven by globalization, increased business complexity, diversified customer needs—and simply speed—companies need to respond and adapt accordingly if they are going to survive and grow. Alliances serve as an important business strategy to respond to the business environ- ment, and they increasingly define the structure of entire industries, as is the case in the multimedia, telecommunications, automobile, and biotechnology industries. And they work. Companies that successfully embrace alliance strategies consistently perform better than those that do not. These companies benefit from alliances in a variety of ways, including sharing cost and risk, pooling their respective strengths, and leveraging complementarities. How much importance and stake is placed in forming an alliance should be directly proportionate to the degree to which the alliance supports a company’s overrid- ing business strategy. Simply stated, if it is going to be instrumental in achieving its long-term business objectives, the company managers will want to put into it suitable time and resource commitment to ensure its success. In contrast, if it is not as strategically important, prudence needs to be exercised in making a commitment. Deciding to commit is only part of the readiness question. It is essential to take a close look at the internal structure, policy, and culture of the organization to make sure the internal machinery is indeed setting the company up for success.
    [Show full text]
  • Picsearch Announces Alliance with Lycos, Inc. - Image Search for Lycos Multimedia Search to Be Powered by Picsearch
    2005-05-02 12:00 CEST Picsearch announces alliance with Lycos, Inc. - Image search for Lycos Multimedia Search to be powered by Picsearch STOCKHOLM, Sweden, May 2, 2005 - Picsearch announced today that it has entered into a syndication agreement to supply U.S. internet brand Lycos, Inc. with image search services for Lycos' Multimedia Search. This agreement brings Picsearch image search technology to millions of Lycos users. Nils Andersson, CEO of Picsearch, said "We are extremely proud that Lycos, Inc. is harnessing our image search technology. They are a great addition to the list of leading web names that have chosen the Picsearch image search service because we provide images that are continually updated, uniquely filtered and highly relevant to the users' queries. We will continue to provide the highest quality image search on the net." Lycos (www.lycos.com) is one of the leading Internet destinations in the U.S. At its center is Lycos Search. Now, thanks to Picsearch, Lycos users have access to hundreds of millions of images, enabling them to refine their image search criteria to meet their exact requirements. "We recently re-launched our Lycos.com homepage with a key focus on search, including multimedia search," said Adam Soroca, General Manager of Search Services for Lycos, Inc. "Picsearch delivers the high-quality, relevant image search results our users search for everyday." About Picsearch Picsearch AB creates the image search solutions that power visual search for many of the Web's leading properties. The company syndicates its technology to search engines and portals to enable them to complete their own search package by acquiring powerful image search capabilities.
    [Show full text]
  • Simplify Your Digital Life ______LYCOS Appoints Ramesh Reddy As ED (Finance) and Group CFO
    Simplify your Digital Life _________________________________________________________________________ LYCOS Appoints Ramesh Reddy as ED (Finance) and Group CFO Responsible for the Group’s Financial Management and Strategy Hyderabad, India, May 09, 2016: LYCOS (NSE: LYCOS I BSE: 532368), the global Internet brand is pleased to announce the appointment of Y Ramesh Reddy as the Group Chief Financial Officer and Executive Director (Finance) for the entire LYCOS group. Ramesh brings more than 25 years of experience to LYCOS, including an extensive background working with public companies, corporate finance, operations management, financial planning and analysis, mergers and acquisitions, and investor relations. Ramesh Reddy was the Group CFO of Cambridge Energy Resources (CER), a company focused on providing ‘Green Energy management as a service to Telecom Towers, Group CFO of Cambridge Technology Enterprise (BSE: 532801 | NSE: CTE), and Prior to joining CTE, he was with Virinchi (BSE: 532372), where he played a key role as the Head of the Product Development and Chief Functional Architect. Ramesh has a B. Tech in Chemical Engineering from IIT, Chennai and MBA in Finance & Marketing from XLRI, Jamshedpur. Ramesh will report to the Chairman and CEO, Suresh Reddy and will oversee corporate finance, financial strategy, investor relations and reporting for LYCOS. He will work closely with regional and global financial teams to raise the bar further on strengthening the financial foundation and fiscal discipline of the company. “Ramesh has witnessed the trajectory of the company as a director on the board for the last eight years. We are thrilled to see him take up an executive role with LYCOS. His acute business acumen and solid experience in finance will be a big plus to the company.” said, Suresh Reddy, Chairman and CEO of LYCOS.
    [Show full text]
  • Simplify Your Digital Life LYCOS Announces the Launch of Brightcom
    Simplify your Digital Life _________________________________________________________________________ LYCOS Announces the Launch of Brightcom Gali Arnon to be the CEO of Brightcom Hyderabad, India and Herziliya, Israel, April 20, 2016: LYCOS (NSE: LYCOS I BSE: 532368), the global Internet brand, today announced that the company is working on a meaningful and widespread reorganization of the group. These changes are designed to simplify the way LYCOS interacts with customers, partners, investors and world at large. This move will facilitate the organization in becom- ing more nimble and responsive. In line with the above plan, the company made the first major announcement today. BRIGHTCOM powered by LYCOS Brightcom brings together the legacy of ‘Ybrant Digital’ alongside the ‘Brightcom’ Media initiative. This combines data-driven technology together with the company’s strong bonds with advertisers and publishers, all in one consolidated platform. The motto of the brand is ‘Leading through technology, winning through people’. The global expert team, be it in APAC, Israel, Europe, USA or Latin America, offers know-how and perspective, which are shaped into a strategy and a plan of action eventually executed to meet the clients’ goals. The current operations will remain intact. If anything, they will only get better. There are new prod- ucts, exclusive media-assets and new offices, waiting to be unveiled soon. Gali Arnon will take on the role of CEO of Brightcom. She is a natural choice to take up this role due to her initiative in bringing together the core idea and the entire business plan for Brightcom. She will transition out of her current role as the General Manager of the Advertising Division of LYCOS, Ybrant Digital.
    [Show full text]
  • Terra Lycos: Creating a Global and Profitable Integrated Media Company
    INSEAD Terra Lycos: Creating a Global and Profitable Integrated Media Company INSPECTIONNot For Reproduction COPY 06/2002-5042 This case was written by Patricia Reese, Research Associate, under the supervision of Soumitra Dutta, The Roland Berger Chaired Professor of E-Business and Information Technology, and Theodoros Evgeniou, Assistant Professor of Information Systems, all at INSEAD. It is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Copyright © 2002 INSEAD, Fontainebleau, France. N.B. PLEASE NOTE THAT DETAILS OF ORDERING INSEAD CASES ARE FOUND ON THE BACK COVER. COPIES MAY NOT BE MADE WITHOUT PERMISSION. INSPECTIONNot For Reproduction COPY INSEAD 1 5042 “Market leadership is a challenge within our reach, but requires us to achieve several objectives: consolidating our product offerings to make our portals the most comprehensive and compelling on the World Wide Web, taking advantage of our extraordinary cash position to grow profits and extend our website network, and finally offering small- and medium-sized businesses effective e-commerce solutions. Terra Lycos must make full use of our advantage in the convergence of media, communications and interactive content, thanks to strategic alliances with Telefónica, our majority stockholder, and Bertelsmann.” Joaquim Agut, Executive Chairman, Terra Lycos The bright mid-September morning had not started well for Rafael Bonnelly, Terra Lycos’ vice-presidentNot For of content Reproduction management. He had just found out that FIFA,1 the governing body INSPECTIONof World Cup soccer, had given COPY the nod to Yahoo! to design and manage the official 2002 World Cup website.
    [Show full text]
  • Biographies of Participants American University Law Review
    American University Law Review Volume 50 | Issue 2 Article 6 2000 Biographies of Participants American University Law Review Follow this and additional works at: http://digitalcommons.wcl.american.edu/aulr Part of the Law Commons Recommended Citation American University Law Review. "Biographies of Participants." American University Law Review 50, no.2 (2000): 451-472. This Conference & Symposia is brought to you for free and open access by the Washington College of Law Journals & Law Reviews at Digital Commons @ American University Washington College of Law. It has been accepted for inclusion in American University Law Review by an authorized administrator of Digital Commons @ American University Washington College of Law. For more information, please contact [email protected]. Biographies of Participants This conference & symposia is available in American University Law Review: http://digitalcommons.wcl.american.edu/aulr/vol50/ iss2/6 BIOGRAPHIES oF PARTICIPANTS JONATHAN BAND received a B.A., magna cum laude, Phi Beta Kappa, in 1982 from Harvard College, and a J.D. from Yale Law School in 1985. Mr. Band's areas of practice include intellectual property, administrative litigation, and Internet regulation. His work in the intellectual property field has focused on appellate litigation in softwvare copyright cases such as Gates Rubber Co. v. Bando Chemical, Inc. and advocacy concerning intellectual property policy issues. His administrative litigation experience includes representing the City and County of San Francisco in noise matters before the Federal Aviation Administration and the State of Alaska in a matter relating to the Exxon Valdez oil spill before the Federal Energy Regulatory Commission. Mr. Band has advised clients on Internet issues including online banking, privacy, spare, gambling and indecency.
    [Show full text]
  • Marketing Digital Media Worldwide
    Marketing Digital Media Worldwide Ybrant buys Lycos for $36 Million Lycos Inc., the leading brand of search based internet properties and services. Daum Communications will focus on Korean domestic business after this sale. Hyderabad, India, August 16, 2010: Ybrant Digital, the end-to-end provider of digital marketing solutions, today announced the signing of the stock purchase agreement to acquire Lycos Inc., the leading brand of search based internet properties and services from Daum Communications. Ybrant’s well known brands include Oridian, AdDynamix, dream ad, Max Interactive and VoloMP. Lycos consistently averages 12 - 15 million monthly unique visitors in the U.S., and is a top 25 Internet destination worldwide, reaching nearly 60 million unique visitors globally. The Lycos Network of sites and services includes Lycos.com, Tripod, Angelfire, Gamesville, and HotBot. Together, these sites and service help bring people together to interact, to find new friends, and to express themselves in positive, powerful ways. Daum reorganized the business of Lycos in 2009 and has turned Lycos profitable. As a result of the sale of Lycos, Daum will be able to devote its energy and corporate resources in order to find new potential growth business and future-oriented pipeline such as mobile, LBS, SNS and Search. “Brand Lycos needs no introduction, we are excited to bring in the Lycos properties into our fold.” said Suresh Reddy, Chairman and CEO, Ybrant Digital. “The quality of content and tools offered by Lycos has always attracted the best of the consumers across the world. Our goal is to combine the benefits of Ybrant’s global network with what Lycos has to offer in creating a compelling global destination for our advertising clients worldwide.
    [Show full text]
  • Lycos Internet Ltd
    Equitymaster Agora Research Private Limited 11 May, 2016 Lycos Internet Ltd. Market data Company overview Current price* Rs 17.6 (BSE) LYCOS Internet Limited offers digital marketing solutions to businesses, Market cap * Rs 8382 m agencies and online publishers around the world. The company is one of the original and most widely known internet brands in the world. The Face value Rs 2 company has evolved from one of the first search engines on the web, into BSE Code 532368 a comprehensive digital media destination for consumers across the No. of shares 476.3 m world. The company's segments include Digital Marketing and Software Free float 60.8% Development. The company's products and services include tools for 52 week H/L* Rs 47.2 /14.3 blogging, web publishing and hosting, online games, e-mail and search. *as on 10th May 16 The Company's network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere and LYCOS Mail. The company also provides information technology implementation and Rs 100 invested is now worth outsourcing services. The company's LYCOS Life division is focused on BSE500 Lycos Internet Ltd. consumer internet products. 180 Company strengths 140 The launch of LYCOS Life division during the year have opened many 100 avenues for the company in the Internet of Things (IoT) space. The market 60 has been very positive of this product both in India and in the US. The Apr-15 Oct-15 Apr-16 company’s media division is positioned well than its peers. It recently added some of the leading publishers to its portfolio such as Play Buzz’, Stock price performance The Denver Post, Gannett Broadcasting, etc.
    [Show full text]
  • LYCOS to Acquire Mysms™ and Other Assets
    Simplify your Digital Life _________________________________________________________________________ LYCOS to Acquire mysms™ and Other Assets Hyderabad, February 08, 2016 LYCOS (NSE & BSE: “LYCOS” or the “company”), the widely known global Internet brand, today announced the intent to acquire an Austrian company, TriTelA Gmbh, which owns the asset – mysms™ messenger and the tech platforms SPH Wien and Kika Social. mysms™ is a messenger that synchronizes SMSes and instant messages between a wide range of mobile, web and desktop platforms – all through a single cloud-based account. This fast growing product already has three million users and synchronizing several hundred millions of messages. SPH Wien is a content management and analytics platform for video. Kika Social is an unified platform for social media listening, engaging and measurement. This is an all stock deal, where LYCOS will issue 2.848 crore additional shares in return for the 100% ownership of the company. The deal has been approved by the board of LYCOS and is subject to various regulatory and shareholder approvals. This acquisition brings in cloud based framework to LYCOS that can tie multiple nodes (SMSes, instant messages, wearables, cars and appliances) with the consumer through multiple devices (smart phones, Tablets, laptops and OTTs). Essentially connecting the dots! This also gives the large user base of mysms™ messenger an opportunity to access all the services in the LYCOS eco system. Media Contact: Rema Sujeeth +91-40 45678925 [email protected] About LYCOS: LYCOS is one of the original and most widely known Internet brands in the world, evolving from pioneering search on the web, into a family of three business units covering digital media, marketing, and Internet of Things (IoT).
    [Show full text]
  • Cie and Terra Lycos Celebrate Marketing and Strategic Alliance
    CIE AND TERRA LYCOS CELEBRATE MARKETING AND STRATEGIC ALLIANCE § This alliance will be focused in the development of joint marketing strategies, including webcasting of various live entertainment events. Mexico City, November 30, 2000 – Corporacion Interamericana de Entretenimiento S.A. de C.V. (“CIE” or “the Company”) (BMV: CIE B), the leading live entertainment company in Latin America, today announced that it has established an alliance with Terra Lycos Mexico, a subsidiary of Terra Lycos (MC: TRR; Nasdaq: TRLY), the leading Internet company in the Spanish and Portuguese-speaking markets, to provide access to a great diversity of CIE’s contents and advertising platforms, through the development of various marketing strategies, including webcasting of live events, aimed at promoting Terra Lycos’ portal in Mexico. Arturo Galván, the country manager of Terra Lycos in Mexico, commented: “With this alliance Terra Lycos and CIE will develop joint marketing, diffusion and coverage of games, shows and spectacles which will be staged in the best venues and auditoriums of the country, as well as access to webcasting of a diverse and renowned artists and performances, nationally and internationally. With this alliance, more than three million Mexican users that integrate the Internet community of Terra Lycos, will enjoy a great diversity of events and entertainment by accessing Terra Lycos’ portal (www.terra.com.mx). With this agreement, “Terra Lycos and CIE will do the entertainment more yours than ever.” Rodrigo González Calvillo, Chief Operating Officer of CIE, mentioned: “The alliance we have reached with Terra Lycos, the leading Internet company in the Spanish and Portuguese-speaking markets, will allow CIE in the next years to develop one of the most complete marketing programs in Mexico, through an important range of services and products that we have in the country, including this great new media, the Internet.
    [Show full text]
  • LYCOS and Apollo Launch New E-Commerce Initiative to Offerend-To-End Solutions for Globalbrandsto Sell Online
    _________________________________________________________________________________ LYCOS and Apollo Launch New E-commerce Initiative To offerend-to-end solutions for globalbrandsto sell online Delhi and Hyderabad, September 23, 2015 LYCOS (NSE:LYCOS |BSE:532368 ), one of the most widely recognized Internet brands,and Apollo International Limited,of the Apollo Group, signed an agreement to launcha joint venture to provide end-to-end solutions to global brands in deploying custom E-commerce platforms targeting Indian consumers. This venture will be known as Apollo Lycos Netcommerce. LYCOS brings its global expertise in digital media, technology and marketing in setting up onlinepresence for large brands globally; while Apollo contributes its expertise in logistics, inventory management and reverse logistics. Apollo Lycos Netcommerce will design, develop and fulfil E-commerce, for brands online. It will enable and ensure a full-cycle fulfilment; right from setup, promoting their brands online, digital marketing of their products and services, driving engagement and sign ups, fulfilling orders, ensuring data security and consumer privacy, inventory tracking and management, order delivery and reverse logistics. “The plan is to bring a unique digital shopping experience to Indian consumers, where they can interact directly with global brands they love.” said RaajaKanwar, Vice Chairman and Managing Director of Apollo International Limited. “We are aiming at providing an innovative service for big brands to enter India seamlessly.” said Suresh Reddy, Chairman & CEO of LYCOS.“ Global online purchase intent rates have doubled from 2011 to 2014 for event tickets (41%), electronic books (34%), sporting goods (31%), toys and dolls (29%), videos/DVDs/games (28%), music (27%), pet supplies (21%), flowers (18%), cars/accessories (17%) and alcoholic drinks (17%).
    [Show full text]