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Sridhar Vembu Replaces Beacon India As Investor In New Horizon Media

 

NewHorizon Media, a Chennai based publishing house which also offers ebooks, audio books and has digital tools for Indic language content creation, appears to have seen a change of invenstors: Sridhar Vembu, owner of Zoho, a web based application service provider has  “replaced” private equity investor Beacon India, reports The Economic Times. The deal has been reportedly closed few months back though the financial terms of the deal and the valuation are unknown.

New Horizon Media (NHM) was founded in 2004 by Badri Seshadri, K. Satyanarayan and R. Ananthkumar. Seshadri and Satyanarayan are the founders of popular cricket site CricInfo, now owned by ESPN. Beside Beacon India, Emergic Venture Capital also had invested in the company in 2006. In addition to traditional books, it offers audio and e – books as well, and publishes books in three languages: English, Tamil and Malayalam, and has an online bookstore.

NHM also offers the following Indic language tools:

– The NHM writer, that enables users to type in 10 Indian languages including Kannada, Hindi, Tamil, Telegu and others regardless of the keyboard orientation, and NHM Converter, which allows conversion of text into Tamil.

– NHM Indic Transliterator: a FireFox add on, which allows transliteration from one Indian script to another. We’re not sure of the use case for this, since keyboards in India tend to be in the roman script. Google and Rediff backed Quillpad also have transliteration tools which allow the usage of the roman script for typing in Indian languages.

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– NHM Converter: which converts text in Tamil between various encodings, addressing issues with encodings in Indic languages. There’s an online tool as well.

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