» According to Radio Business Report, Grupo Latino de Radio is currently working with US investment banks to heavily invest in US Radio properties. The article notes that “through their GLR sports networks and their radio station W Radio (which is converting to Sports programming), they have acquired and are acquiring more rights to Hispanic sports franchises such at their US rights to Chivas Guadalajara. They plan to acquire additional rights to other premier sports properties coming out of Mexico.”
» Enterprise content management OpenText has bought NStein Technologies for $34 million, TechCrunch reports. Canadian NStein Technologies powers the backend of The Financial Times’ semantic search engine. It also is a content solutions provider to Hispanic online and print media company ImpreMedia.
» Last week we reported that X-Change Corporation (OTC: XCHC), announced it has completed its merger with Miami based ConnectedMedia Technologies, Inc., a digital multimedia firm targeting the U.S. Hispanic market. Who are these publicly quoted companies? We did some research and learned that the X-Change Corporation does not have significant operations and that it revenues are below $1 million. According to a recent financial disclosure: “The company intends to locate and combine with an existing, privately-held company.” Previously, X-Change Corporation, operated as a solution-based company specializing in wireless technologies, including radio frequency identification (RFID) for the business-to-business customer. Regarding, ConnectedMedia Technologies, in March 2008, it announced that it had entered into a definitive agreement to acquire Natcom Marketing International ("NMI"), a Puerto Rico-based full-service marketing communications agency.
In addition, Connected Media Technologies yesterday announced that it appointed seven directors: Nydia Del Valle, Fernando Gomez, Richard Steele, Hugo Castro, Felipe Tavares, Roland-Sanchez Medina, Jr. and Juan Chacin.
» VivaReal, a real estate classified advertising website is betting on the Latin American market, Venturebeat reports. Brian Requarth, CEO, and Thomas Floracks, COO, founded the company in 2007 with development offices in Bogota, They decided to focus on Latin America, because, according to the founders its exceptional growth rates and its high margins. Viva Real gets half of its current 600,000 monthly unique in Brazil Interestingly, because of the fragmented nature of the market and the lack of a centralized database comparable to the Multiple Listing Service (MLS) in the US, in-country portals in Latin America are charging between $20-$40 per monthly listing. This is several times more than is charged in the US market