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Tag: Lycos

  • Lycos appoints Ramesh Reddy as group CFO

    Lycos appoints Ramesh Reddy as group CFO

    MUMBAI: Lycos has announced the appointment of Y.Ramesh Reddy as the group chief financial officer and executive director (finance) for the entire group. Reddy will report to the chairman and CEO Suresh Reddy and will oversee corporate finance, financial strategy, investor relations and reporting for the company. 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.

    Lycos is working on a meaningful and widespread reorganization of the group. These changes, the company says, are designed to simplify the way it interacts with customers, partners, investors and the world at large.

    “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.

    Ramesh brings more than 25 years of experience to the company, including an extensive background working with public companies, corporate finance, operations management, financial planning and analysis, mergers and acquisitions, and investor relation. He was the group CFO of Cambridge Energy Resources (CER) and was also the group CFO of Cambridge Technology Enterprise. Prior to joining CTE, he was with Virinchi where he played a key role as the head of the product development and chief functional architect. 

     

  • Lycos appoints Ramesh Reddy as group CFO

    Lycos appoints Ramesh Reddy as group CFO

    MUMBAI: Lycos has announced the appointment of Y.Ramesh Reddy as the group chief financial officer and executive director (finance) for the entire group. Reddy will report to the chairman and CEO Suresh Reddy and will oversee corporate finance, financial strategy, investor relations and reporting for the company. 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.

    Lycos is working on a meaningful and widespread reorganization of the group. These changes, the company says, are designed to simplify the way it interacts with customers, partners, investors and the world at large.

    “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.

    Ramesh brings more than 25 years of experience to the company, including an extensive background working with public companies, corporate finance, operations management, financial planning and analysis, mergers and acquisitions, and investor relation. He was the group CFO of Cambridge Energy Resources (CER) and was also the group CFO of Cambridge Technology Enterprise. Prior to joining CTE, he was with Virinchi where he played a key role as the head of the product development and chief functional architect. 

     

  • Lycos extends deal with Yahoo! for enhanced search advertising, expects 10 per cent higher topline

    Lycos extends deal with Yahoo! for enhanced search advertising, expects 10 per cent higher topline

    New Delhi: Global Internet brand Lycos today announced the extension of its deal with Yahoo! for enhanced search advertising by one more year. The contract leverages Lycos; services to increase the reach of Yahoo! search and content offerings. Contextual advertising offerings of Lycos will in turn increase.

    This relationship – that allows LYCOS to serve globally on all platforms including search, mobile and other contextual advertising – is expected to increase LYCOS’ turnover by 10% in FY2016-2017.  

    The enhanced form of search advertising is a type of contextually targeted platform which allows online search advertisers to buy keyword-targeted traffic from sources other than search engine results pages.

    Lycos Internet Limited had reported consolidated revenue from operations of Rs 1957 crore  and a net profit after tax and minority interest of Rs 342.22 crore for the year ended March 31, 2015 (FY-2015). For the nine month period ended December 31, 2015, the company reported revenue of Rs 1782 crore reflecting a growth of about 18 per cent over the corresponding year ago period, and a net profit after tax and minority interest of Rs 321 crore.

  • Lycos extends deal with Yahoo! for enhanced search advertising, expects 10 per cent higher topline

    Lycos extends deal with Yahoo! for enhanced search advertising, expects 10 per cent higher topline

    New Delhi: Global Internet brand Lycos today announced the extension of its deal with Yahoo! for enhanced search advertising by one more year. The contract leverages Lycos; services to increase the reach of Yahoo! search and content offerings. Contextual advertising offerings of Lycos will in turn increase.

    This relationship – that allows LYCOS to serve globally on all platforms including search, mobile and other contextual advertising – is expected to increase LYCOS’ turnover by 10% in FY2016-2017.  

    The enhanced form of search advertising is a type of contextually targeted platform which allows online search advertisers to buy keyword-targeted traffic from sources other than search engine results pages.

    Lycos Internet Limited had reported consolidated revenue from operations of Rs 1957 crore  and a net profit after tax and minority interest of Rs 342.22 crore for the year ended March 31, 2015 (FY-2015). For the nine month period ended December 31, 2015, the company reported revenue of Rs 1782 crore reflecting a growth of about 18 per cent over the corresponding year ago period, and a net profit after tax and minority interest of Rs 321 crore.

  • Lycos reports jump in visits to football online sites

    Lycos reports jump in visits to football online sites

    MUMBAI: The online entertainment destination for creators and consumers of quality content, Lycos has announced data from The Lycos 50. It is the 50 most popular Internet search results for the week ending 17 June 2006.

    In The Lycos 50 top 10, the search results for football sites is at number nine, up 59 per cent over the previous week.

    Interest in the 2006 Fifa World Cup soccer tournament has driven World Cup in terms of searches.

    Also scoring big online is American Idol reject Elliott Yamin at number 21 generating 667 per cent more online interest than winner Taylor Hicks, who actually dropped off that week’s list.

    In terms of search, poker was at number one. Britney Spears, Pamela Anderson, Paris Hilton and MySpace are also in the top 10.

  • Net portal Lycos teams up with PermissionTV for online TV platform

    Net portal Lycos teams up with PermissionTV for online TV platform

    MUMBAI: US net portal Lycos is working with the broadband TV platform PermissionTV to offer a variety of video programming to its 25 million visitors. PermissionTV is a system for media companies and content owners to distribute television programming via the Internet.

    The two companies will team up to deliver a high quality TV entertainment solution to the nearly 25 million visitors to the Lycos Network of sites.

    Lycos will use the PermissionTV platform to offer a variety of video programming to the Lycos audience. Lycos says that the deal reinforces its core strategy to provide consumers with quality video programming and entertainment enhanced with the interactivity of the web, and a platform for creators to showcase and market quality content.

    Lycos CEO Alfred Tolle says, “We chose to work with PermissionTV because we considered it to be one of the most powerful broadband TV platforms available today, allowing us to offer high quality video to our end users that is television-centric, while providing our content partners their own customized channels with a completely unique look under the Lycos brand.

    “By teaming with PermissionTV, Lycos is uniquely positioned to become a leader in the television internet space.” Lycos plans to leverage the PermissionTV platform to acquire a wide range of on-demand content from episodic television, to independent films and programming, to long-form films, providing a totally unique broadband based video experience.

    PermissionTV CEO David Graves says, “The combination of Lycos’s reach, and PermissionTV’s advanced technology is an attractive proposition for video programmers who want to attract a large audience in the most compelling way. This platform makes it easy to get up and running, allowing content providers to build an audience for their own brands.”

    For sponsors, the enhanced online programming offers exactly what they have been seeking: the targetability of web advertising with content that fit expectations of traditional TV viewers. With the PermissionTV platform, Lycos is able to offer media companies and content owners a new distribution channel with subscription, advertising or VOD (video on demand) packaging options. Advertisers get a robust and cost-effective way of reaching potential buyers, while viewers get a controllable on-demand viewing experience that feels like TV.

    Tolle adds, “The era of merging the interactivity of the Web with traditional broadcast television programming is here. Lycos can bring an instant audience, immediate distribution and traffic, and consistently re- engage our users with new content, making this platform particularly attractive to content partners and advertisers alike.”

    The first programming kicked off on 9 June 2006 with the launch of Lycos’ behind- the-scenes video coverage of the soccer World Cup. For the remainder of World Cup, Lycos will give an insider’s look at World Cup culture, featuring exclusive video from embedded Lycos videographers on the front lines, available only at worldcup.lycos.com and powered by PermissionTV. Additional programming will be launched in the coming weeks, including branded television- and movie- related offerings that lend themselves to mainstream audience demand.

  • Fun Technologies acquires WorldWinner for $23 million

    Fun Technologies acquires WorldWinner for $23 million

    MUMBAI: Fun Technologies Inc. has announced that its wholly owned subsidiary, SkillJam Technologies Corporation has acquired WorldWinner.com, Inc. for $23 million. This acquisition further consolidates the company’s leadership position in the fast-growing casual gaming market.

    Based in Newton, Massachusetts, WorldWinner is a privately held company that specialises in online skill games. It hosts more than 10 million games and awards millions of dollars in prizes every month, with games in five categories: Card (Bridge, Spades), Word (Word Mojo), Arcade (SwapIt, Blockwerx), Strategy (Skillgammon, Cubis) and Sports (Pool, Polar Bowler). An average of 350,000 games are played on WorldWinner daily. For the 12 months, WorldWinner’s unaudited financial statements showed revenue of $10.67 million.

    SkillJam is a multi-channel provider of skill-gaming technology and solutions. It develops and distributes private-label gaming solutions for a broad network of partner destination sites in the US and abroad, including AOL, MSN’s Zone.com, Virgin Games and Lycos. Through its skill-gaming website SkillJam.com, SkillJam offers a wide range of skill games to its over nine million registered users. SkillJam games are also offered over the internet, through wireless applications (mobile) and iTV (interactive television), and on stand-alone kiosks.

    Over the short term, WorldWinner’s products will continue to be offered on its website, http://www.worldwinner.com, but there will be some level of integration in the future with the SkillJam property.

    Fun Technologies CEO Lorne Abony said, “The acquisition of WorldWinner is a significant strategic achievement for Fun Technologies. WorldWinner was until now our largest competitor and by consolidating the two businesses we will achieve significant operating efficiencies, leverage and synergies. Skill-gaming is in its infancy and we believe it makes tremendous sense to consolidate the sector in its early stages to capture market share, increase supplier concentration, enhance distribution and acquire customers at low cost per acquisition. The synergies that exist in merging SkillJam and WorldWinner are enormous, as the businesses are complementary in every way.”

    Fun Technologies president Rick Weil added that acquiring WorldWinner means leveraging economies of scale and significantly growing revenue. Further, Weil stated, “We will acquire millions of new non-overlapping customers, increase our liquidity and offer customers a variety of new online games. We also intend to move quickly to take advantage of the cost synergies which exist in redundant operations.”

    WorldWinner president and CEO Stephen Killeen said, “We are proud to be a part of this merger with Fun Technologies. The consolidation of the two organizations will result in a global skill-gaming powerhouse.”