Category: Software

  • Carlyle acquires 9% stake in India Infoline

    MUMBAI: The Carlyle Group has acquired a 9 per cent stake in India Infoline Ltd, the flagship company of India Infoline Group (IIFL), through secondary market purchase of equity shares.


    Carlyle becomes a key institutional shareholder in IIFL and will be invited to join its board of directors to support its future development, subject to necessary approvals.


    The acquisition cost is not disclosed.


    The investment was made by Carlyle Mauritius Investment Advisors Limited, a part of Carlyle Asia Partners (CAP), one of the largest private equity investors in Asia since 1998. CAP has five major investments in the financial services industry in the region encompassing banking, insurance and housing finance businesses, including HDFC in India.
     
    IIFL chairman Nirmal Jain said, “We are delighted to welcome Carlyle, a globally renowned fund, as a shareholder and partner in our growth. Carlyle has made a number of successful investments in financial institutions and has always shown a long-term orientation. We hope to leverage our relationship with Carlyle to continuously grow and expand internationally.”


     

  • Prime Focus ups stake in UK subsidiary

    MUMBAI: Prime Focus, the visual entertainment services group, has increased stake in its direct subsidiary, Prime Focus London Plc.


    Prime Focus has acquired 1.80 million shares through secondary market purchase, taking up its holdings in the UK subsidiary from 59.57 per cent to 65.05 per cent.


    Meanwhile, Prime Focus London has also entered into an agreement to sell its View-D 2D to 3D conversion business to Prime Focus International Services Ltd, a wholly owned subsidiary of Prime Focus Ltd.


    View-D was launched two years back to allow filmmakers to efficiently create stereoscopic 3D movies from source material shot on virtually any medium.
     
    Under the terms of the agreement, Prime Focus Visual Entertainment Services Ltd will sell fixed assets of $1.8 million and the activities of the business including employment contracts for a total consideration of $3.3 million, comprising a cash consideration of $500,000 and the write-off of a debt of $2.8 million.


    The cash received will be used by Prime Focus London to provide additional working capital for the group.

  • SES secures contract with Channel 4 on Astra 1N

    MUMBAI: SES SA, the European direct-to-home (DTH) satellite operator, has secured a new long-term contract with Channel 4 in the UK to provide additional capacity on its recently launched Astra 1N spacecraft.


    Channel 4 already has three transponders under contract at SES‘s 28.2EsEast orbital slot.


    The new capacity on Astra 1N will be used to transmit Channel 4‘s main high-definition (HD) service together with further HD services over the coming years.


    Channel 4 CTO broadcast and distribution Kevin Burrows said, “HDTV is an essential part of our channel line-up going forward and this new capacity will enable us to provide our viewers with Channel 4‘s portfolio of HD services. We have a long-running and very successful relationship with SES that is based on the company‘s understanding of our business, its excellent level of reliability and its technical expertise. For us, SES was a natural choice when it came to expanding our broadcast capacity.”
     
    SES will bring into service three new satellites at 28.2EsEast from 2012 to 2014, ASTRA 2F, 2E and 2G, providing additional capacity and greater back-up, together with more power and operational flexibility, for its customers in the UK and Ireland.


    Channel 4 was founded in 1982 as a public service broadcaster and reaches more than 35 million viewers each week. Its HD service will be delivered to Sky and Freesat households, representing over 12 million UK homes.


    SES chief commercial officer Ferdinand Kayser added, “We have worked closely with Channel 4 for the past seven years and are delighted that Channel 4 has renewed their confidence in SES. Our new agreement is further proof of the strong demand for new HD services in the UK market.”
     
     

  • Komli to use Jivox‘s interactive video platform in Apac

    MUMBAI: Komli Media has become an exclusive partner of the Jivox Interactive Video platform in the Asia-Pacific region for video advertising.


    As part of the deal, Komli Media has acquired related assets from Jivox, including existing publisher and customer relationships in India. Jivox has also agreed to support Komli Media as a platform licensee and a strategic partner.


    The partnership enables Komli Media to exclusively use the Jivox platform for running online interactive video ads (pre-roll, mid-roll, post-roll, expanding innovations, video banners, and mobile video) for its advertisers and agency partners across all platforms including online, mobile and all tablet devices.


    Komli Media CEO Prashant Mehta said, “Jivox has great technology and a fantastic team and we are really excited to partner with, especially because we are also focused on growing the online video opportunity in India and other parts of Asia.” 


    Jivox India MD Naren Nachiappan added, “We see significant benefits in this partnership for our customers and partners who will now have access to a comprehensive digital media product set from Komli Media.”


    Komli has bought out four companies in the past 15 months. In June 2010, Komli had acquired Australian website representation firm Post Click, while in October they took over Indoor Media, a UK-based online ethnic marketing company focused on the South Asian community. In June, the company acquired Singapore-based digital media company Aktiv Digital and in July, it bought out a Chennai-based mobile advertising platform – ZestADZ.
     
     

  • Facebook launches new analytics tool

    MUMBAI: Facebook has introduced new analytics tool for marketers including a new metric to track conversations surrounding a brand or business.


    The company has also launched a new expanded ad format.


    The �People Talking About This� will show on brand pages below Likes and count the number of people who have participated by Liking, leaving a Wall post, commenting, photo-tagging or answering a question posted to a Facebook page.


    The company’s announcement said, “This will help marketers and Page owners understand how to make their content more engaging and shareable, which increases the reach of their messages on Facebook. It will also help users get a sense for what Pages are relevant, engaging and interesting to them when discovering and connecting to Pages on Facebook.”
    The updated Insights dashboard for marketers will also show the number of friends of fans of a page, and a page‘s weekly total reach — and the changes as compared to the prior week.
     
     
    The social networking site has also started a page, Insights API, for the analytics developer community.
    Besides, Facebook added a new premium ad unit combining page posts with any related social activities undertaken by friends.


    According to Facebook, social context makes advertising more effective — leading to a 68 per cent rise in people recalling an ad. Moreover, people are twice as likely to recall the ad and four times as likely to spend.
     
     

  • UTV Indiagames, SRK launch social game based on Ra.One

    MUMBAI: Bollywood star Shah Rukh Khan is leaving no stone unturned to promote his upcoming superhero film Ra.One.


    To add to the long list of pre-release associations and to reach out to the young and youth audiences, SRK has now launched the social game based on the movie, in association with UTV Indiagames. UTV Indiagames CEO Vishal Gondal said, �The amazing statistic is that 50 per cent of all users on social networking platforms play games.


    So when we associated with Red Chillies to create a game around Ra.One, we decided to make a social game out of the character! The game has the potential to have a global appeal and we hope the sheer power and reach of social gaming will enable us to build a massive gaming franchise appeal, appealing to everyone across the country as well as increase the base of gamers in India.”
     
     
    UTV Indiagames is the exclusive partner of SRK’s company Red Chillies Entertainment, to develop and publish the cross-platform social game on mobile, online and TV.


    With an aim to build on the franchise, the game will be episodic in nature, introducing new levels and a story that will keep progressing with the game.


    Also, the game will be micro transaction enabled so that users can customise their own game experience.Reaching out to a wider section of casual gamers, the game is designed to simply �pick up and play’ with a theme that is attractive to global audiences.


    Khan said, â€?With the many strategic firsts that Ra.One is bringing to the country, the first ever superhero social game on the most powerful medium today takes it to a whole new level. The game has been specially conceptualised to ensure that it reaches out to all the audiences that are eagerly awaiting to catch a glimpse of the superhero G.One. This is the perfect opportunity for gamers to get introduced and engage with G.One, understand his fantastic abilities and immerse themselves in the game and become superheroes!”


    The game will be launched across all the popular social networks like Facebook along with gaming platforms like Nokia Ovi, Android and Apple. UTV Indiagames will also be launching a special version of the game for DTH subscribers.
     

  • KyaZoonga, Universal Music announce strategic partnership

    MUMBAI: KyaZoonga.com and Universal Music Group (UMG) have partnered to focus on developing direct-to-consumer bundling initiatives for select UMG artists in India that bring together concert tickets and a variety of music products.


    The ticketing and bundling products will be handled by entertainment and sports ticketing company, KyaZoonga.


    Apart from credit/debit card/net banking transactions, customers can also opt for COD (cash on delivery) where CDs, DVDs, LPs, box sets and merchandise will be delivered anywhere in India at the customer‘s doorstep and the delivery status can be tracked online.


    With the addition of KyaZoonga’s merchandise section, audiences will now have one-stop access to concert tickets and merchandise for their favourite artists through bundled deals and discounted prices available exclusively on KyaZoonga.
     
     
    Universal Music, India & SAARC MD Devraj Sanyal said, “In a world where music in the physical format is steadily shifting to digital, KyaZoonga & UMGI bring you the perfect service enabling you to digitally buy music in physical formats. Also, you have access to parts of the UMGI catalog which are tough to find- LPs, limited edition box sets, selective merchandise which will be a connoisseur‘s delight. This is definitely a future facing format and we expect this to succeed spectacularly.”
     
     

  • Tata Sky launches special offers for HD subs

    MUMBAI: Tata Sky is all set to woo its subscribers with the introduction of a special HD bonanza on Tata Sky+ HD and Tata Sky HD connections.


    As part of the promotion, the direct-to-home (DTH) company has waived off the installation charges on Tata Sky HD+ (PVR) box during Diwali. It is also proviidng two months of free HD pack with all HD boxes activating before Diwali.


    Apart from this, the two month free subscription of the base package is also being offered by Tata Sky and these offers are available to new as well as existing subscribers.
     
    Tata Sky CMO Vikram Mehra said, “The exhilaration of HD is currently at an upward trend and we are witnessing a significant amount of our subscribers opting for HD content on our platform every day. The trend clearly signifies that there is a huge demand for HD and is soon becoming the future of television viewing among subscribers.”


    Moreover, for the sports fanatics, Tata Sky will bring the upcoming India and England one-day and T20 series on Neo Cricket in HD absolutely free to all HD pack subscribers.


    Mehra added, “In a country where cricket is nothing short of a religion, Tata Sky has always been a precursor in providing the best cricket viewing experience. First it was the ICC Cricket World Cup, the DLF IPL 2011, the recently concluded England-India series, the on-going Champions League Twenty20 and soon the upcoming India and England one-day and T20 series, our endeavor is to provide fans with a unique and equally effective way of enjoying the stadium like experience from the comfort of their homes in true HD.”
     

  • Twitter helps determining mood swings

    MUMBAI: We thought Twitter is either used to self-promote, or find out what a public figure is up or simply freak out over the news.


    But for Sociologists, a 24/7 global flow of regularly updated status messages is a rich source for research – as Michael Macy and Scott Golder of Cornell University discovered when they browsed through nearly 500 million tweets as part of a study that is being published in the 29 September edition of Science.


    Macy and Golder searched the tweets published by users from 84 countries between February 2008 and January 2010 associated with both positive and negative emotions. The researchers also analysed emotions.


    What they found is that Twitter can be used in the form of a global mood ring, reflecting the rise and fall of emotions around the world. According to researchers, the mornings reflect optimism, peaks around breakfast before falling and hitting the lowest mark in late afternoon, and then bouncing back during evenings.


    Interestingly, the pattern is common across cultures and countries.
     
    Curiously, the mood cycle stays on weekends too, except pushed back a couple of hours since people tend to sleep and wake up later, which seems to signify that it‘s not simply the annoyance of being at work – and the pleasure of being off the clock – that drives those cycles, as Golder told the New York Times: “This is a significant finding because one explanation out there for the pattern was just that people hate going to work. But if that were the case, the pattern should be different on the weekends, and it‘s not. That suggests that something more fundamental is driving this – that it‘s due to biological or circadian factors.”


    Work, however, does play a major role in diving moods. Emotions, globally, reaches its lowest levels on Monday afternoons, gradually rising and hitting the highest levels during weekends.


    The researchers also found a “striking effect” in mood related to changes in daylength. Average positive mood increased when daylength increased, as the summer solstice approached, but decreased as the winter approached. Average negative mood did not increase or decrease seasonally.


    “This suggests that ‘winter blues‘ is associated with decreased positive affect, not increased or decreased negative affect,” said Golder.


    The researchers contend that the increased positive affect approaching the summer solstice may correspond to longer days and earlier light, thereby reducing the discrepancy between social and biological timing.
     

  • Tdsat denies Dish TV interim relief on interconnect tariff

    NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal (Tdsat) today refused interim relief to DTH operator Dish TV, which had requested for direction to sports broadcaster ESPN to raise bills in accordance with the reference interconnect offer (RIO) of the Telecom Regulatory Authority of India (Trai).


    The Tdsat bench comprising Chairman Justice S B Sinha and member P K Rastogi said, however, that the matter to make ESPN sign an agreement with it on the basis of tariff recommended in RIO would be heard expeditiously. The respondents are to file a reply by 14 October and matter will come up for directions on 1 November.


    The tribunal also said that regarding the other dispute over renewal of their agreement, Dish TV and ESPN may approach the Supreme Court – particularly since Dish TV had submitted that according to the recent Supreme Court order, ESPN should enter into an agreement based on the new prices of channel. However, ESPN submitted that the apex court order did not apply to existing agreements.
     
    Passing an order on 18 April, the apex court had said that broadcasters charge from DTH operators only up to 35 per cent of rates paid by cable operators for their channels. RIO specifies commercial terms for DTH operators to get signals from broadcasters, as per norms laid down by the Telecom Regulatory Authority of India.


    Dish TV and ESPN had entered into an agreement for three channels – ESPN, Star Sports and Star Cricket – in 12 March 2009, but it was not based on RIO.


    According to Dish TV, ESPN refused to sign a new agreement to provide signals on the basis of RIO, and was attempting to force it to pay on the basis of earlier MoU.