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Our Bureau

Bangalore, Dec. 18 Internet firm Yahoo has picked up a 30 per cent stake in the Chennai-based Info Network Management Company Pvt Ltd (INMAC), which runs telephone directory search service - Call Ezee, for an undisclosed sum.

The deal will help Yahoo enhance its local search capabilities in India, while providing Web access to Call Ezee’s database of listings. Yahoo’s Dutch subsidiary will own the INMAC stake and have representation on the board.

Call Ezee directory services are currently being offered in 14 cities across the country including Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Kolkata. Consumers can call the local Call Ezee number from any mobile or fixed line phone and request contact details of any business, or a list of businesses that offer the product or service that they are looking for.

INMAC expects the funding provided by Yahoo! to enable it to continue to develop its team and technology as it seeks to triple its reach across the country over the next two years.

“We aim to gain market share by reaching out to untapped markets and advertisers in India,” said Mr T.S.Narayanaswamy, founder and CEO of INMAC. .

More Stories on : Mergers & Acquisitions | Internet

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