Ybrant Buys Lycos for $36 Million
Poster: SySAdmin
Posted on August 17, 2010 at 5:49:01 AM
Ybrant Buys Lycos for $36 Million
HYDERABAD, India, August 17, 2010--
- Lycos Inc., the Leading Brand of Search-Based Internet
Properties and Services.
- Daum Communications Will Focus on Korean Domestic Business Following
This Sale.
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. Coupled with our offerings for advertisers, we do present new
products to our local users worldwide."
"Ybrant is the absolute perfect partner for us," said Jungwook Lim, CEO
of Lycos. "Combining Ybrant's cutting edge digital solutions for both media
buyers and sellers with Lycos's innovative resources and media will bring
tremendous value to both our consumers and clients."
"As a result of the sale of Lycos, Daum will be able to devote its energy
and corporate resources to core domestic businesses including search, mobile
services and map," said William Chao, CEO of Daum Communications Corp.
About Ybrant Digital
Ybrant Digital offers Digital Marketing solutions to businesses,
agencies, and online publishers worldwide. With over 20 billion impressions a
month, our network serves leading brands - SAP, Porsche, Ford, UPS, Swissair,
Chevrolet, 3M, Jeep, US Army, LaSalle and Lufthansa, and partners with top
online publishers, including MSN, Yahoo!, Viacom, SuperCook, Homestore, Move,
24.7Real Media, United Online, and About.Com. Coupled with direct access to
over 120 top ad agencies - OMD, Carat, MediaCom, Group M, Quasar, Razorfish,
Mindshare, Maxus, OmniCom and Oglivy, we cover markets throughout Europe, the
Americas and Asia. Our proprietary technology platforms help leverage our
innovative Digital Media solutions that help businesses to reach the right
audiences with the right offer.
Ybrant Digital has a global presence, with offices in 20 countries
including North America, Argentina, Chile, Uruguay, Mexico, UK, France,
Germany, Serbia, Israel, India and Australia, and representatives in
Scandinavia, Poland, Italy and Greece. For more information, visit the
website at http://www.ybrantdigital.com.
About Lycos
Founded in 1995, Lycos is one of the original and most widely-known
Internet brands in the world, evolving from one of the first search engines
on the web, into a comprehensive network of social media web sites that
foster online communities. Lycos's award-winning products and services
include tools for video viewing and sharing, social networking, blogging,
web publishing and hosting, online games, email, and search.
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
include Lycos.com, Tripod, Angelfire, HotBot, The Lycos 50(TM), Gamesville,
WhoWhere, Lycos Mail, and Webon. Integrated, these sites help individual
users retrieve, manage, consume and create information tailored to meet his
or her personal interests.
Lycos has been a pioneer in intelligent spidering search technology,
combining its proprietary technology with other best-in-class search services
to provide users with a powerful and relevant search experience. Through its
acquisitions over the years, Lycos has added established brands to its
network of products and services, including Tripod, Angelfire, Gamesville and
WhoWhere. For more information, visit the website at http://www.lycos.com.
This press release contains statements that are
forward-looking within the meaning of applicable laws and are based on Ybrant
Digital's current expectations and assumptions as of this date. Ybrant
Digital undertakes no obligation to update or revise any forward-looking
statement whether the result of new developments or otherwise. These
statements are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those anticipated.
For more information, contact:
Rema Sujeeth
Director, Corporate Communications
Ybrant Digital, Ltd.
Tel: +91-40-45678925
Email: rema@ybrantdigital.com
Sreedhar K V/ Venkat P
AdfactorsPvt. Ltd.
Email: sreedhar.kodakalla@gmail.com
Tel: +91-98480 35385 / +91-9441234562
Edward Noel
Chief Strategy Officer
Lycos Inc.
Email: edward.noel@lycos-inc.com
Tel: +1-781-370-2852
Source: Ybrant Digital
Rema Sujeeth, Director, Corporate Communications, Ybrant Digital, Ltd., Tel: +91-40-45678925, Email: rema@ybrantdigital.com, Sreedhar K V/ Venkat P, AdfactorsPvt. Ltd., Email: sreedhar.kodakalla@gmail.com, Tel: +91-98480 35385 / +91-9441234562, Edward Noel, Chief Strategy Officer, Lycos Inc., Email: edward.noel@lycos-inc.com, Tel: +1-781-370-2852
HYDERABAD, India, August 17, 2010--
- Lycos Inc., the Leading Brand of Search-Based Internet
Properties and Services.
- Daum Communications Will Focus on Korean Domestic Business Following
This Sale.
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. Coupled with our offerings for advertisers, we do present new
products to our local users worldwide."
"Ybrant is the absolute perfect partner for us," said Jungwook Lim, CEO
of Lycos. "Combining Ybrant's cutting edge digital solutions for both media
buyers and sellers with Lycos's innovative resources and media will bring
tremendous value to both our consumers and clients."
"As a result of the sale of Lycos, Daum will be able to devote its energy
and corporate resources to core domestic businesses including search, mobile
services and map," said William Chao, CEO of Daum Communications Corp.
About Ybrant Digital
Ybrant Digital offers Digital Marketing solutions to businesses,
agencies, and online publishers worldwide. With over 20 billion impressions a
month, our network serves leading brands - SAP, Porsche, Ford, UPS, Swissair,
Chevrolet, 3M, Jeep, US Army, LaSalle and Lufthansa, and partners with top
online publishers, including MSN, Yahoo!, Viacom, SuperCook, Homestore, Move,
24.7Real Media, United Online, and About.Com. Coupled with direct access to
over 120 top ad agencies - OMD, Carat, MediaCom, Group M, Quasar, Razorfish,
Mindshare, Maxus, OmniCom and Oglivy, we cover markets throughout Europe, the
Americas and Asia. Our proprietary technology platforms help leverage our
innovative Digital Media solutions that help businesses to reach the right
audiences with the right offer.
Ybrant Digital has a global presence, with offices in 20 countries
including North America, Argentina, Chile, Uruguay, Mexico, UK, France,
Germany, Serbia, Israel, India and Australia, and representatives in
Scandinavia, Poland, Italy and Greece. For more information, visit the
website at http://www.ybrantdigital.com.
About Lycos
Founded in 1995, Lycos is one of the original and most widely-known
Internet brands in the world, evolving from one of the first search engines
on the web, into a comprehensive network of social media web sites that
foster online communities. Lycos's award-winning products and services
include tools for video viewing and sharing, social networking, blogging,
web publishing and hosting, online games, email, and search.
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
include Lycos.com, Tripod, Angelfire, HotBot, The Lycos 50(TM), Gamesville,
WhoWhere, Lycos Mail, and Webon. Integrated, these sites help individual
users retrieve, manage, consume and create information tailored to meet his
or her personal interests.
Lycos has been a pioneer in intelligent spidering search technology,
combining its proprietary technology with other best-in-class search services
to provide users with a powerful and relevant search experience. Through its
acquisitions over the years, Lycos has added established brands to its
network of products and services, including Tripod, Angelfire, Gamesville and
WhoWhere. For more information, visit the website at http://www.lycos.com.
This press release contains statements that are
forward-looking within the meaning of applicable laws and are based on Ybrant
Digital's current expectations and assumptions as of this date. Ybrant
Digital undertakes no obligation to update or revise any forward-looking
statement whether the result of new developments or otherwise. These
statements are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those anticipated.
For more information, contact:
Rema Sujeeth
Director, Corporate Communications
Ybrant Digital, Ltd.
Tel: +91-40-45678925
Email: rema@ybrantdigital.com
Sreedhar K V/ Venkat P
AdfactorsPvt. Ltd.
Email: sreedhar.kodakalla@gmail.com
Tel: +91-98480 35385 / +91-9441234562
Edward Noel
Chief Strategy Officer
Lycos Inc.
Email: edward.noel@lycos-inc.com
Tel: +1-781-370-2852
Source: Ybrant Digital
Rema Sujeeth, Director, Corporate Communications, Ybrant Digital, Ltd., Tel: +91-40-45678925, Email: rema@ybrantdigital.com, Sreedhar K V/ Venkat P, AdfactorsPvt. Ltd., Email: sreedhar.kodakalla@gmail.com, Tel: +91-98480 35385 / +91-9441234562, Edward Noel, Chief Strategy Officer, Lycos Inc., Email: edward.noel@lycos-inc.com, Tel: +1-781-370-2852