San Francisco, United States
Globe7 Americas, Inc., a wholly owned subsidiary of Hong Kong-based Globe7 HK Ltd., has opened U.S. advertising and business development offices to offer businesses looking to expand into Asia with advertising solutions.
The company's properties include leading social networking sites in India and China, plus digital voice, instant messaging, streaming audio and video and other Web 2.0 services. They reach a global market of nearly 40 million users, and serve more than 66 million ad impressions daily. Globe7 was recently selected to offer "ubiquitous communication" in multiple languages by the government-sponsored Hong Kong Wireless Development Centre.
"Through our vast audiences of young people in India, China, and throughout Asia, we believe Globe7 offers a unique value to companies that want to reach developing markets," said Clay Haswell, Globe7's president and CEO.
The company's properties include Globe7 digital voice service, one of the most popular in Asia; Ziddu, a peer-to-peer file sharing service that in a few short months has become one of the 175 most popular sites in the world; BharatStudent.com, India's largest social networking site for students; Longhaier.com, a social networking site for Chinese students, and Egglad.com, a casual gaming site with a large Asia following. Together these sites attracted more than 19 million unique visitors in July, up 71% since January 2008, according to comScore, which rates all of Globe7's properties.
Globe7 also partners with companies including Sina.com, the Bangkok Post, the New Straits Times and the Star, both of Malaysia, MediaCorp in Singapore and numerous other media properties to build strong traffic patterns throughout Asia.
"Globe7's social media and entertainment websites and cutting-edge communication tools provide advertisers with a highly effective platform to reach this much sought-after audience," said Christopher Glenn, Globe7's advertising director for the Americas.
Both Globe7 Americas Inc. and Globe7 HK Ltd. are wholly owned by Northgate Technologies (Bloomberg symbol: NNORT), a leading technology, e-commerce and Internet media company based in Hyderabad, India. http://www.northgatetech.com/. Northgate is led by Venkat Meenavalli, an online media pioneer and successful venture capitalist in India.
Source: Business Wire (Business Wire India)