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John Porter - Owner of Tesco, Makes a Multi-Million Dollar Investment in Shoogloo Group


December 17, 2015 - New Delhi, Delhi , India

Business Wire India

John Porter, a technology & medical businesses veteran and the Founding Chairman of i-spire PLC, an internet operating company (best known as the grandson of Sir Jack Cohen, founder of Tesco), has invested in Digital Marketing Group – Shoogloo to acquire 50% stake. The deal involves a multi-million dollars’ commitment in the project. The investment would be utilised to equally sustain the functioning of various verticals of Shoogloo Group including Shoogloo Mobile, Shoogloo Digital and Shoogloo Media.
 
i-Spire PLC was founded by John Porter in 2000 as an Internet operating company focusing on Internet, Media & Technology Investments including Cheapflights.com, Deal Group Media PLC & Ministry of Sound Holdings. LD Sharma is a veteran in the performance digital industry in India having set up various international affiliate networks in India including dgm and Optimise Media (formerly OMG India).
 
Commenting on the investment, Mr. John Porter, Group Chairman, Shoogloo said, “It gives us immense pleasure to be associated with one of the very few and best digital marketing companies delivering pure performance. What convinced me was the conviction and the past experience of LD Sharma towards building and sustaining successful digital businesses in the country and across the world. I believe that it is inevitable to see Shoogloo surpassing all industry standards and set records in delivering nothing but pure performance and redefining the success altogether with a focus on Mobile.”
 
Mr. LD Sharma, Group Vice Chairman, Shoogloo, “It is always encouraging to be able to connect with people who believe equally in delivering just the best and can simultaneously support you with their industry experience. We are extremely elated to have partnered with Mr. John Porter and look at taking the digital marketing industry to next level with entire team’s focused approach.”
 
In 2007, Shoogloo was launched as an affiliate company delivering sales on performance to thousands of merchants across the world by LD Sharma. Over the last 8 years, Shoogloo has helped all these merchants and their customers in the best possible way to benefit each other with a focus on customer engagement related products including VoucherCodes.in in over 22 countries. Today, Shoogloo has emerged as one of the digital marketing companies delivering pure performance.
 
John Robert Porter is an English billionaire businessman and philanthropist best known as the grandson of Sir Jack Cohen founder of Tesco and son of Dame Shirley Porter. He specializes in starting up technology & medical businesses. He is currently Chairman of Sinocare Group, which owns and operates hospitals in the People's Republic of China. In 1985 John Porter became Chairman of VeriFone Inc, the leading manufacturer of credit card verification equipment. He participated as a Director until VeriFone was sold to Hewlett Packard in 1997 for over $1 Billion. John was also the founding Chairman of Redbus Interhouse PLC which merged with Telecity in 2006 to create Europe's largest independent colocation provider. John Porter has served on the Advisory Council of the Graduate School of Business, Stanford, and serves on the Advisory Council of Said Business School, Oxford. He is a graduate of Oxford University, UK, the Institut d'Etudes Politiques, Paris and Stanford University, USA.
 
For further information, log on to www.shoogloo.com

Source: Business Wire India

BusinessWireIndia

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