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LYCOS Engages E&Y for its Internal Auditing

Posted On: 2018-04-10 01:06:04

LYCOS (NSE & BSE: "LYCOS" or the "company"), the global Internet brand, today announced the appointment of Ernst & Young as its Internal Auditor. E&Y will help the company achieve trusted corporate governance and reporting.

LYCOS is one of the original and most widely known Internet brands in the world, evolving from pioneering search on the web, into a family of three business units covering digital media, marketing, and Internet of Things (IoT).

"Ernst & Young will help us with a holistic view to improve the effectiveness of risk management, control, and governance." said Suresh Reddy, Chairman & CEO of Lycos Internet Limited.

To attract and retain the best talent, and to foster a creative environment, LYCOS has moved its corporate head office to a new space designed around an "openoffice" concept.

These developments have come in the wake of the company's recent launch of a new content platform with TinBu www.tinbu.com to provide more interesting and engaging content to users. The partnership with TinBu has added interactive content channels in the areas of lottery results, weather, horoscopes, celebrity entertainment, today in history, sports scores, recipes, daily comics and fuel prices. LYCOS has also co-branded Lycos Sports app with a Canadian partner - Breaking Data. Further, LYCOS went live with its web publish platform 'LYCOS Publish' and launched an automated EPP request system to control customer domains under 'LYCOS Domains'.

The advertising division "Brightcom - Powered by LYCOS" has invested on improving programmatic technology for better ad supply, delivery and tracking. The brand has been a consistent topper in the Pixalate Video Seller Trust Index. Pixalate is the leading global platform for transparency in programmatic advertising. Pixalate monitors hundreds of billions of ad events in real time to benchmark supply quality, and eliminate fraud.

Shares of Lycos Internet Limited was last trading in BSE at Rs.5.15 as compared to the previous close of Rs. 5.42. The total number of shares traded during the day was 143867 in over 124 trades.

The stock hit an intraday high of Rs. 5.6 and intraday low of 5.15. The net turnover during the day was Rs. 750855.


Source: Equity Bulls

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