The Andhra Pradesh High Court has sanctioned the merger of Hyderabad-based Ybrant Digital, an online marketing company and LGS Global, a BSE listed technology and outsourcing services provider, the company said in a filing with the Bombay Stock Exchange (BSE). The combined entity will be referred to as ‘Ybrant Digital Limited’, as per the scheme. The High Court orders will be filed with the offices of the registrar of companies and the merger scheme will become effective with the appointed date being April 1, 2011. In December 2011, Ybrant Digital and LGS Global received a nod from its shareholders for the merger. Earlier it was revealed that post merger, current Ybrant Digital CEO Suresh Reddy will be CEO and Chairman of the merged entity, and LGS Managing Director Subba Rao Karusula would be the Business Head of the LGS Division of Ybrant. Founded in 2000 and headquartered in India, Ybrant Digital holds offices in 20 countries, including US, Argentina, Brazil, Chile, Uruguay, Mexico, UK, France, Germany, Sweden, Ukraine, Serbia, Israel, China, India, and Australia, and with representatives or partners in Spain, Greece and The Netherlands. Besides proprietary media such as Lycos, Gamesville, and getMedia in Latin America, Ybrant Digital partners with publishers such as Facebook, Google, MSN, Yahoo!, and Viacom, and claims to assists over 140 Ad Agencies including OMD, Carat, MediaCom, Group M, Quasar, Razorfish, Mindshare, Maxus, OmniCom and Oglivy, spread across Europe, the Americas and Asia. On the other hand, LGS provides Enterprise Resource Planning, Customer Relationship Management, Application Services, (including mobile applications), Testing Services, Enterprise Application Integration, E-commerce,…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...