Welcome!

Artificial Intelligence Authors: Zakia Bouachraoui, Elizabeth White, Liz McMillan, Pat Romanski, Carmen Gonzalez

News Feed Item

Liberty Media Arrives in the Brazilian Market Through Ideiasnet

Liberty Media acquired 5.1% of shares from Ideiasnet

SAO PAULO, Jan. 24, 2012 /PRNewswire/ -- The year of 2011 came with the best results ever for Ideaisnet, with revenue of over US$ 680 million in the first three quarters (the same period in 2010 has seen US$ 514 million). Ideiasnet had 5.1% of its shares acquired by Liberty Media. This investment is a milestone for Liberty Media, as it marks its entrance in the growing Brazilian market, which is very heated due to its strong economy, in comparison with more consolidated markets such as Europe and North America.

"Brazil presents significant market opportunity with a growing economy and a large population with upward mobility," stated Greg Maffei, Liberty Media's president and CEO. "We found a great entry point through our Ideiasnet investment that offers a diverse set of portfolio companies and an engaged and well connected board of directors. We are excited to work with the management team as they execute on their stated strategy."

The deal seals a new phase for Ideiasnet. Since a new management team has taken over the company, in January 2012, they decided to adjust the strategy and focused on companies that have bets in disruptive technological trends in the areas of Digital Commerce, Digital Media, SaaS, Cloud Computing and Mobile, divesting of assets that have a payback longer than expected.

"Liberty Media is a solid and respected company in the US. It is a very qualified investor that shares the same DNA with Ideiasnet. They trust the new strategy from our company, and believe that this is the time to invest in Brazil", says Sami Haddad, CEO of Ideiasnet. "The investment market is getting more global every day, and this deal is the first step to create a wide network of global opportunities, connecting several markets to Brazil."

About Ideiasnet

Ideiasnet (IDNT3:BZ) is a venture capital firm that invests in fast growing Brazilian technology companies in the areas of Digital Commerce, Digital Media, SaaS - Software as a Service and Mobile, sharing experiences and offering support to accelerate their growth. Its portfolio is composed by AUTOMATOS, BOLSA DE MULHER, CIASHOP, IMUSICA, MOIP, OFFICER, PADTEC, PINI, SOFTCORP, SPRING WIRELESS, TECTOTAL and ZURA!. Combined revenues of the first three quarters of 2011 was over US$ 680 millions.

Press Contacts
Agencia Ideal – Tel./fax: +55 11 3035-2161
Ricardo Cesar - [email protected]
Adriana Lutfi - [email protected] - +55 11 7565-2753

SOURCE Ideiasnet

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.