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03|26|2008 08:04 pm EDT

Skenzo Announces Private Equity Investment from Ashmore Group

by Adam Strong in Categories: PPC industry

Skenzo imageDomain name parking company Skezno announced via an email to partners today that they have received a minority stake investment from the Ashmore Group. The company release which has been copied below had not made it to either businesses website at the time of this writing.

Skenzo, a leading provider of technology, in the traffic monetization business, today announced the completion of a significant minority investment from the Ashmore Group. The Ashmore Group is one of the world’s leading Investment Firms managing funds over US$36.5 billion.

By revenue, Skenzo was the #1 fastest growing domain parking company worldwide for 2006 & 2007. By headcount, with >250 employees, it is currently the #1 largest domain parking company. Skenzo provides its clients with comprehensive access to the best monetization opportunities. Its diverse client base includes some of the worlds most successful and influential domain portfolio holders, domain registrars, and online publishers. This substantial investment highlights Skenzo’s market-leading position and proven ability to consistently deliver superior performance for its customers.

“We are very bullish about the Direct Navigation Industry. We plan to deploy sizeable resources for building unparalleled technology products in the direct navigation, online traffic monetization and advertising spaces,� said Divyank Turakhia, Co-founder and CEO of Skenzo. “We already have the largest team of people in the industry. We have very aggressive plans to recruit some of the best talent that exists. Our goal is to continue being the leading technology provider for the industry at large.�

John-Michael Lind of Ashmore Group said: “In a short span of time Skenzo has become one of the strongest players in the traffic monetization industry. We believe the Skenzo team has done a terrific job. We are very excited about this investment and are looking forward to working in close partnership with Skenzo to help further accelerate its growth and strengthen its leadership position.�

“Skenzo has developed path-breaking technology and pioneered innovative practices in the direct navigation space,� said Bhavin Turakhia, Co-Founder, Skenzo, “Ashmore’s experience, and proven track record makes them a perfect partner for Skenzo’s aggressive growth plans�

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