Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
One of the leading networks of forum communities on the Internet,
CrowdGather (OTCBB:CRWG), today announced that it has acquired Adisn, a
next generation Digital Ad Agency that uses relationship data from the
social web to enhance targeting, for $5.5 million, the largest
acquisition in CrowdGather’s history. CrowdGather will issue 4,621,849
shares of common stock for the purchase. Adisn will operate as a wholly
owned subsidiary of the Company.
Adisn had audited revenues for calendar 2009 of $889,867 and based upon
its unaudited revenues through May 2009, we believe that Adisn will
contribute positive cash flow and increased revenues over the next 12
months to CrowdGather. This is before taking into consideration any
synergies or additional revenues that result from the selling of
CrowdGather network’s advertising inventory by Adisn.
“CrowdGather has been building up a network of forum based properties
with a focus towards growing revenues through advertising,” said CEO and
founder Sanjay Sabnani. “While we have been successful at increasing the
earning power of our network on a quarter over quarter basis, we have
been doing so without the benefit of a sales force or our own ad serving
platform. Adisn provides us with both of these resources and we are
excited about what the future holds for us as we move forward together.”
Sabnani continued, “We are also delighted to have Adisn’s founder, Andy
Moeck join our team and continue as President of the subsidiary. Andy is
a seasoned technologist and entrepreneur and we believe he will be a
driving force towards the increased monetization of our sites.”
Andrew Moeck co-founded Adisn in 2007 and has served as Adisn’s CEO
since inception. In 2004, Andrew Moeck co-founded Teleo, leading all
technology functions, directing product advances, driving communications
growth, and overseeing research activities. He brought nearly a decade
of telecommunications, managerial, and networking experience to the
company. Teleo was sold to Microsoft in 2005, for an undisclosed amount.
Prior to joining Teleo, Moeck co-founded Antirion, a leading wireless
development firm. Moeck was Chief Technology Officer from 1999 to 2002,
when Ticketmaster and leading technology firm SWT acquired operations.
“We view this relationship with CrowdGather as a best of both worlds
opportunity,” said Andrew Moeck. “On one hand, Adisn will continue to
deliver innovative, targeted campaigns for its existing and future
clients, but at the same time we are presented with a tremendous
opportunity in working with CrowdGather’s rapidly growing network of
sites. Having access to our own publisher network should help us to
deliver even more value to our customers and give us the ability to
develop and refine our technology on a long term basis.”
In March 2010, CrowdGather, which passed its two-year anniversary in
April, acquired one of the largest free forum community hosting
platforms, FreeForums.org (www.freeforums.org).
As a result, CrowdGather’s network of forums now has 78-80 million
monthly page views and 4.5 million monthly unique visitors according to
Google analytics, an increase of over 500% from the Company’s last
quarterly filing with the Securities and Exchange Commission. Since
February of this year, CrowdGather has disclosed equity financings
totaling $1.4 million through private placements and investor warrant
exercises.
About ADISN
Headquartered in Long Beach, California, Adisn is a next generation
Digital Ad Agency that uses relationship data from the social web to
enhance targeting. Adisn has proven that the aggregate of web
conversations, web profiles, online blogs, and behavior create millions
of relationships between seemingly unrelated topics. The company’s
technology mines through those relationships and applies the strongest
ones to enhance online targeting to the benefit of publishers and
advertisers across the web. We call it Relationship-based Targeting.
Adisn was founded by a team of proven technologists, marketers, and
entrepreneurs. Supported by top-tier venture capitalists, and private
investors, Adisn has established a proven track record with leading
global advertisers, ad agencies and media companies.
About CrowdGather, Inc.
With its growing portfolio of special interest forums and enthusiast
message board communities, CrowdGather (www.crowdgather.com)
has created a centralized network to benefit forum members, forum owners
and forum advertisers. CrowdGather provides a highly interactive and
informational social network for members, a management and
revenue-sharing resource for third-party forum owners, and a largely
untapped advertising network for marketers worldwide.
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended) concerning future
events and the Company’s growth and business strategy.Words such
as “expects”, “will”, “intends”, “plans”, “believes”, “anticipates”,
“hopes”, “estimates”, and variations on such words and similar
expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given
that such expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of
assumptions and estimates that are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
the Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements.Factors that could
cause actual results to differ materially include, but are not limited
to, changes in the Company’s business; competitive factors in the
market(s) in which the Company operates; risks associated with
operations outside the United States; and other factors listed from time
to time in the Company’s filings with the Securities and Exchange
Commission. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the
Company’s expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.