wordpress blog stats
Connect with us

Hi, what are you looking for?

DGM UK Goes Into Administration; DGM India Not Impacted

DGM UK, the affiliate advertising network, has gone into administration, and there were rumors that the Indian entity has been impacted as well. We contacted DGM India for a clarification, and were informed that the company is not affiliated with the UK business, even though the brand name is the same. The UK entity was subject to a management buyout in 2007, and as of January 2010, Asia Digital Holdings does not even have board representation in DGM UK, despite owning 49% in the company.

So it looks like DGM India also forgot to update its website regarding Asia Digital Holdings. Also, judging by their 2009 annual report, wherein Asia Digital Holdings reported revenues of GBP 18,873,000 and a loss of GBP 2,574,000, they aren’t doing well either. The liquidation of the UK entity is a loss for Asia Digital Holdings, but doesn’t directly impact the Indian operations. A statement below from DGM India MD Anurag Gupta:

Our current holding company Asia Digital Holdings neither managed, nor majority owned, the UK business. though we did have a 49% shareholding of the UK business we have not been involved in the management of that business since the management buy out announced on the 12th December 2007. In addition though we were originally on the board of the directors that position was resigned earlier in the year in response to concerns about its solvency and corporate governance.

Though it is understandable that clients and affiliates of our businesses may be confused by the fact that we hold the same name there is no direct impact on Asia Digital Holdings Plc of this administration.

The relationship that we have held with the UK business since the management buy out is one where they have provided software management services in the provision of the DGM Pro platform and we are dealing with the administrators to take back ownership of the physical assets upon which that software platform is maintained.

Advertisement. Scroll to continue reading.

On a personal note though it is heart breaking for the UK business, our first operation, launched in 1999. This operation was a pioneer, a market leader and a great place to work for many years. Its a reality check of the harshness of the commercial environment.

Related:
DGM India Profitable Since March 2008; Insurance Advertising Grew During Recession; On Competition

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

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

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...

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ