To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
  •  

Logix acquires automotive portal business of PowerOne

 [IST]
New Delhi, Feb 27 (UNI) Software development company Logix Microsystems Ltd has acquired the automotive portal business of PowerOne Media, Carsite.com, for an undisclosed amount.

The acquisition has been made through the company's US venture izmocars, which is a leading web solutions provider for automotive dealers and portals, a statement said today.

The acquisition was an all cash deal for the assets of the automotive portal business of PowerOne Media, Carsite.com.

All the company's products are marketed in the US by izmocars, its 100 per cent subsidiary.

PowerOne Media was a leading provider of online portals to media partners. It had recently upgraded their CarSite Platform to make it more user-friendly and to meet the technology needs of their media partners.

The CarSite acquisition is a strategic investment for the Logix.

It adds a customer base of more than 50 clients located all over the US and a technology platform to build their media business, a statement said.

The market size for the online portal business in the United States is about 55 million dollars.

UNI
Topics: IT-LOGIX-POWERONE-ACQUISITION
Other articles published on March 17, 2007

Bharti clarifies 15% stake for Saudi mobile licence

Saturday, March 17, 2007,10:47 [IST]
New Delhi, Feb 27 (UNI) Bharti Airtel today said it is supporting the Saudi led consortium with a minority stake of 15 per cent for the Saudi Arabia's third mobile licence. Bharti had formed consortium with local partner 'Samawat' for the bid of GSM licence. Denying certain section of reports, the company today said its principal role will be to provide comprehensive management services including negotiation with vendors, roll out of networks, brand building and distribution, setting up management.....
Read More

Smiths Aerospace opens development centre in TN

Saturday, March 17, 2007,10:47 [IST]
Chennai, Feb 27 (UNI) Smiths Aerospace, part of the global technology business major Smiths Group, today opened its dedicated development centre in the city in partnership with HCL Technologies. The development centre followed an agreement signed between the two companies under which HCL would provide resources and management at the Centre with 60 professionals for engineering services. The headcount would be trebled to about 180 in 18 months time, Mr Ramesh Pillai, Head, Aerospace and Automotive Practices, HCL America, told reporters......
Read More

Actor-director Revathy is Chinni's pickle brand ambassador

Saturday, March 17, 2007,10:47 [IST]
Chennai, Feb 27 (UNI) Noted actor-director Revathy will be the brand ambassador for 'Chinni's pickle,' a product of CavinKare's food division. ''This is the first time I am endorsing a brand. I agreed to do it as I am a food lover. I have also directed five TV commercials for the product,'' she told a press conference here today. CavinKare Vice-President (Marketing) Ramesh Viswanathan said Chinni's pickle had seen a 50 per cent growth in its sales on the back.....
Read More

Moser Baer enters into stategic tie-up with Pyramid Saimira

Saturday, March 17, 2007,10:47 [IST]
Chennai, Feb 27 (UNI) World's second largest optical storage manufacturer Moser Baer today entered into a strategic tie-up with Pyramid Saimira Theatre, country's leading theater chain, for retailing home video in all their theatres. According to the Memorandum of Understanding (MoU), Moser Baer would market all Pyramid new films under home video format in a short period from the date of release of the film. Talking to mediapersons here, Moser Baer CEO G Dhananjayan said "this would mark the extension of.....
Read More

Battery operated scooters rolled out

Saturday, March 17, 2007,10:47 [IST]
Chennai, Feb 27 (UNI) The city-based Kabirdas Motor Company launched four models of environmental friendly zero emission non-polluting scooters here last night. XITE-K101 LA, XITE-K100 LA, XITE K15 SI and Arrow, a series of vehicles, would operate on battery-generated energy. Talking to newspersons, Director Murali Kabirdass said the XITE series would cater to the needs of those concerned about environmental pollution". The XITE's three variants and Arrow were manufactured with state-of-the-art technology. The XITE-K101 is of 250 Watts and weighs 120.....
Read More
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login
People Talk
Shubham GhoshonIndian Agriculture in Dire Straits, Farmers' Woes Persist
ANUPAMonUPA Min leaked army coup story to malign Gen VK Singh?
Nasir SultnonPervez Musharraf murdered my mother: Bilawal Bhutto
vinod kumaron90% Indians want Abdul Kalam as Prez; Karunanidhi cornered?
BAPTYSonInclusiveness should be Narendra Modi's mantra for success

Video Gallery