Dallas, TX; London, UK and Mumbai, India - May 24, 2006 - Recreate Solutions, recognised as one of the fastest growing companies in the media and entertainment industry and known for providing a range of outsourcing models within the convergence sector, has signed a definitive agreement to be acquired by Dallas based Corpus, Inc., a provider of domain specialised technology services firm in the banking, financial services and telecommunications industries. Corpus, with a proven capacity for global delivery, has numerous Fortune 100 clients across the Telecom, Finance, and Media sectors.
Corpus has expanded its presence in the Media & Entertainment sector with the acquisition of Recreate.Solutions.
Recreate Solutions, a venture-backed company founded in 2001, has grown steadily, earning a reputation for delivering quality solutions cost effectively to its clients across Europe, the Americas and Asia. The company has worked across such emerging domains as Interactive Television, Mobile and Broadband and IPTV, and is well-recognised within the convergence industry.
“The interactive media industry is maturing across platforms. It is consolidating around companies that have viable cost structures and revenue streams that generate healthy margins. Outsourcing of non-core technology functions is a proven method to increase profitability. Recreate Solutions is focused on providing high quality outsourced solutions that add value to clients in our service segment: Digital Interactive Content. Under the Corpus banner we will now we able to take our solutions to Corpus’s Fortune 100 client base.” said Bhaskar Majumdar, CEO, Recreate Solutions.
“We are pleased and excited to welcome Recreate into our corporate family,” said Corpus CEO Sachin Tummala, who noted that Recreate was one of the fastest growing companies in this space. “We acknowledge the important role of technology in enabling the distribution of content over disparate channels. Recreate has mastered the fields of Mobility and Interactivity to help its customers in providing best-in-class services. Recreate sells on the basis of competency and has offshore at the central theme of delivery – both aspects of what we are trying to reinforce in Corpus.”
Partners with Whistling Woods to present a session on the Indian Entertainment Industry in Mumbai for Students of New York University
Mumbai, 10th September, 06: Around 50 senior US corporate executives from diverse industries and studying at the Stern School of Business in New York will be in Mumbai on the 12th & 13th of September, to understand at first-hand, the flourishing media and entertainment industry that is Bollywood. Corpus Inc, a technology leader in the media and entertainment industry and a firm believer in the convergence of technology and entertainment, has taken the initiative in measuring out a dollop of Bollywood to the visiting corporate executives.
Partnering with India's foremost Institute on Filmmaking – Whistling Woods International – Corpus has planned a series of talks by celebrities and senior personnel from the entertainment world, which would shed light on issues such as:
Mr. Subhash Ghai, Chairman and Managing Director, Mukta Arts Limited, and a veritable institute in Filmmaking himself, would be sharing his thoughts with this august gathering. About this event, Mr. Ghai had this to say “ I applaud the role Corpus is playing in bringing this distinguished group to view the business aspect behind the phantasmagoria that is Bollywood. I am aware of some of the work Corpus is doing with Whistling Woods on the digitization front.”
Among the distinguished list of speakers are Mr. Manmohan Shetty (Managing Director, Adlabs Films Limited), Mr. Ravi Chopra (Producer & Director, B R Films), Mr. Ravi Gupta (CEO, Mukta Arts Limited) and Mr. Kurt Inderbitzin (Hollywood Producer and Dean, Whistling Woods International). Mr. Rahul Puri (VP Finance and Strategy, Mukta Arts Ltd.) would be making a presentation on Indian Entertainment Industry.
Corpus's Executive Vice President Mike Agar, adds “This session aims to address the growing global interest in ‘Bollywood’ and to provide an insight into this Industry. The ever-increasing Indian Diaspora around the world, has made the Indian entertainment industry step out of the shadows and come into its own. This has significantly the whole economics of the business, for the Bollywood itself, as well as for the companies that depend on people from the subcontinent for their business. This far-sighted initiative by Corpus is the first of its kind and we look forward to creating such platforms to bring businesses and business people from around the world to India in the future as well”.
London, UK- - Oct 13, 2006: Corpus Inc., one of the fastest growing IT service firms based in Dallas, Texas, has made inroads into the French market with a new client win - AFDESI (L’Association Francaise des Developpeurs, Editeurs et Fournisseurs de Services en television Interactive), the Association of the French interactive television Developers, Publishers and Service Providers. The association was formed to promote interactive television services on all channels, including satellite, cable and digital terrestrial.
Corpus has been invited to become one of the partners in an initiative led by AFDESI for the development of multiplayer platforms for DTV, IPTV, Mobile TV and other mobile platforms. The resulting standard solution has to be interoperable and will be recommended to various digital TV platform developers, mobile TV companies and Telecom companies.
The entire working group will consist of fifteen of the top technology providers in France including mobile TV providers (Expway), content/game/applications providers (HTTV, Corpus), STB manufacturers (IDway), middleware providers for IPTV and DRM/CAS (openTV, NDS) and interactive broadcasters for games and gambling (Visiware, Equidia) and software tool providers for IPTV, DTV, and Mobile (NPTV, Club Internet).
Will Yan, VP, Media, Entertainment, Cable & Satellite Group at Corpus remarked, “This is a great opportunity for us to build on and expand our footprint in France, where we haven’t had an engagement track record in the past. With this opportunity, we will interact with some of the best technology companies in France, and also be a part of a drive to standardize Multiplayer Platforms. Being the only non-French company in this initiative is a great honour and we look forward to continued success in France.”
Bangalore, India Oct. 19, 2006: As a part of its corporate social responsibility and in continuation of its social commitments and programs, privately held Corpus Inc, one of the fastest growing IT Consulting, Technology and Outsourcing solutions companies is making a charity donation of 40 personal computers to government schools through a leading a registered public Charitable trust - R.K. Foundation.
This demonstrates Corpus's commitment to India, and shows that we are here to invest and help India grow. Not just use it as a source for world-class talent.
The computers will be used to set up computer labs in lower primary and primary schools across Karnataka state in India. Students will be able to learn the basics of computing and other advanced software programs.
Sachin Tummala, Chairman and CEO, remarked - “This charitable initiative will help in bridging the digital divide between the haves and the have-nots in India. These computers will be a boon to the learning environment here, and will help the children be better prepared for the high-tech careers of the 21st century,”
Sumathi, Partner at R.K. Foundation said, “Thanks to Corpus for this donation and for their continued support of education and corporate citizenship. This is another example of everyone getting involved in the education of our youth. We all have to join together to help students succeed in school. We are always seeking and appreciate the participation of businesses, individuals and other government agencies in this effort.”
Dallas, Texas, USA - - Nov 23, 2006: Corpus Inc., one of the fastest growing IT service firms based in Dallas, Texas, has been ranked 13th amongst Dallas Top 100 fastest growing companies that are privately held.
The Dallas 100 awards are presented by the SMU Cox Caruth Institute for Entrepreneurship. In order to qualify for the Dallas 100™, a company must be an independent, privately held corporation, proprietorship or partnership (not a subsidiary of a parent company) as of May 1, 2006; be head-quartered in the Dallas area; have had sales of more than $500,000 in fiscal 2003; have had sales of not more than $65,000,000 in 2003; have a three-year sales history reflecting growth; and, have a credit report and character satisfactory to the Dallas 100™, determined at the sole discretion of the Dallas 100™.
Sachin Tummala, Chairman and CEO at Corpus remarked, “I am highly appreciative of the fact that SMU Cox has selected Corpus for this year's awards. Corpus has become a symbol of success within the southwest business community. Since 2000, Corpus has grown at a tremendous rate. From a five person start-up to a current employee base of more than 500, with global client engagements in the United States, France, UK, Canada and India, Corpus has evolved into a major player in the IT business community. I'm delighted that these accomplishments are being acknowledged in the industry.”