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Proseed India Limited
Sector:IT IT - Internet
BSE:590057NSE:PROSEEDBloomberg:GFAC@INReuters:GREE.BO
Market Lot: 1Face Value: 1ISIN Demat: INE217G01027
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19-Mar-2008
Business Profile
Northgate Technologies (formerly known as Northgate BPO services Limited) is an India based innovative technology services company. The company is mainly into information technology services, telecommunication and online advertising. The company`s products include Axill-an online exchange program and Globe7- a VoIP powered Internet TV. Globe7 enables its users to make free international calls and provides free videos. Currently, Globle7 has around 1.9 million users. The company also offers white labeling solutions from clients to server farm. Its state-of-the-art server farm is located at London which also acts as a support system for its Globe7 downloads. Globe7 HK Limited, wholly owned subsidiary of the company, was the first VoIP licensee in the Hong Kong.

The company registered 110% growth in revenues to Rs 285.25 millions for the second quarter ended Sep. 30, 2006 as against Rs 135.68 million for the corresponding quarter last year. The company`s net profit for this period increased 216% to Rs 154.33 million as against Rs 48.8 million.

Recent Developments
12-MAR-08
Northgate Technologies said that Globe7 HK, a diversified Web 2.0 development company, and Tencent Holdings, owners of China`s largest Internet portal, have entered in to a strategic partnership for building and marketing a student-oriented social networking platform for China.


24-OCT-07
Northgate Technologies announced that Globe7 HK, a wholly owned subsidiary of the company in Hong Kong entered into an agreement with Bangkokpost.com, for managed hosting and content monetizing services. Under terms of the agreement, Globe7 HK will provide text and video content of Associated Press (AP) to Bangkokpost.com and monetize it through online advertising. The Bangkokpost.com is Thailand`s leading and oldest English-language newspaper.




In Brief

 
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