NetCore acquires Greynium

MUMBAI, INDIA: Digital communications company NetCore Solutions Pvt Ltd has recently acquired Greynium Information Technologies Pvt Ltd., the owner of OneIndia.in Internet portal.

Terms of the deal were not disclosed. NetCore's founder and managing director, Rajesh Jain, had earlier invested in Greynium through his personal venture capital fund, Emergic Venture Capital, said a press release.

Greynium is one of the market leaders in the Indian languages Internet portals space under the 'OneIndia.in' brand, and also has a growing position in the online Indian classifieds space (with its click.in - http://click.in — portal), the release added.

NetCore has its email and SMS solutions being used by over 2,000 companies.

Abhijit Saxena, CEO of NetCore Solutions, said, "Given that local languages are crucial for India, this strategic acquisition will position NetCore well in building both reach (across Internet and mobile) and revenue (from ads, lead generation, content subscriptions and commerce).”

BG Mahesh, founder and CEO of Greynium said, "Greynium has been an early pioneer in the local languages space in India. It has an Internet reach of over 6 million monthly unique visitors, on its portals in English, Hindi, Tamil, Telugu, Kannada and Malayalam. This complements the 4 million mobile (SMS) reach that Netcore has through MyToday. Greynium’s presence with its senior leadership team in Bangalore will also strengthen the Southern regional office for NetCore."