Times Internet Limited brings Poynt to India
The service, called TimesPoynt, to be accessible to over 670 million mobile subscribers.
TimesPoynt, as it will be known in India, will provide relevant and local data to the users whenever and wherever they require it. To be available on J2ME devices, Nokia, iPhone, Android and BlackBerry® smartphones, the service will be launched during the first quarter of 2011.
Poynt Corp., a leading provider of mobile local search services, and the internet venture of the Times Group will establish and manage a local version of the TimesPoynt application that will initially feature sections for local restaurants, nightlife, movies, events, weather and mapping.
“The Poynt application is an excellent opportunity for both the companies to collaborate to provide mobile local search services to the Indian market,” said Rishi Khiani,CEO, Times Internet Limited. “The ability of their technology to provide such rich content to basic handsets, their expanding geographic footprint and support for multiple device platforms is an excellent fit for expanding our own product portfolio and we are looking forward to a long and profitable relationship with Poynt.”
Andrew Osis, Chief Executive Officer, Poynt Corp., remarked: “Times Internet Limited has proven successful in the internet and mobile spaces with their ability to quickly move upon new ideas and offerings. Because of this, they have amassed relevant local content that will make TimesPoynt a success in the Indian market.”
“Their belief that the customer experience is critical to their success aligns with our own. We are happy to be moving forward with this very credible partner to tackle an enormous market,” added Mr Osis.
TIL will provide local content that is available through its subsidiary company portals and distribution channels. TIL will also identify and establish relationships for third-party content and services to provide a complete and comprehensive directory of local information for TimesPoynt users in India.
*Telecom Regulatory Authority of India news release dated October 5, 2010: Telecom Subscription Data as on 31st August 2010
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