China offshore software market to reach $13.8b
Updated: 2013-08-29 14:37
Beijing -- China-based offshore software development market will reach $13.8 billion in 2017 at a compound annual growth rate of 22.3%.
According to International Data Corporation (IDC), a provider of IT market research services, the market reached $5.05 billion in 2012 at a 22.5 percent growth rate over 2011.
In recent years, global customers have been under pressure to cut operating costs. Offshore outsourcing services which could optimize cost structures and compel the business transformation have been widely adopted. 2012 witnessed a year of rapid development and sharp transformation for the China outsourcing market. In that year, China outsourcing market experienced a dynamic merger of equals, buyouts of core business.
In comparison, the European and North American markets decelerated in terms of growth, accounting for a 57.3% market share with $2.89 billion in revenue, but they are still the foremost markets for Chinese SPs (service providers).
In 2012, the Japan and Korea offshore software development markets reached $1.81 billion, accounting for a 35.9% market share. This growth rate can be attributed to the following factors: Firstly, Japan's population is aging and declining in recent years, due to low fertility rates and longer life spans. The decreasing working-age population cannot meet the current demand for IT services. The outsourcing model is expected to play an increasingly important role in Japan, where it is seen as a complementary stream of talent.
Powered by Krillion, Krillion delivers the most robust and accurate location-based product search data available. Our solutions provide dynamic, up-to-the minute information about where specific branded products are sold, and which retailers have them in stock the instant shoppers are ready to buy.
Our patented Krillion localization engine provides aggregated and structured local product shopping data to our business customers and channel partners. We pioneered local shopping search and are committed to the continuous growth of our dynamic platform that supports multi-channel retailers and brands looking to engage consumers wherever they research products and where to buy.
As a result, our patented data normalization platform offers the most comprehensive cleansing and distribution capabilities in the available today.
Local Corp will provide location-based local product search results for web searches through Bing. Local Corp's new deal will also integrate search results using the company's Krillion platform. Krillion offers unique searching, connecting customers and retailers with actual products in stock, using patented technology. Local Corp paid $3.5 million to acquire Krillion back in 2011.
According to Searchenginejournal, the following retailers participate in Krillion technology:
Best Buy (BBY), Costco (COST), Express (EXPR), Fry's, Home Depot (HD), K-Mart (SHLD), Lowe's (LOW), Nordstrom (JWN), Orchard Supply (OSHWQ.PK), Office Depot (OD), Radio Shack (RSH), Rite Aid (RAD), Sears (SHLD), Staples (SPLS), Target (TGT), True Value, Wal-Mart (WMT)
The best applications start with superior local shopping data.
We partner with over 75,000 stores nationwide to capture the most robust and accurate data — including product, pricing and inventory availability — across thousands of consumer brands.
Our flexible API services facilitate the development of a variety of dynamic, data-driven rich media and local shopping search applications
The local search market is expected to grow at about 17% a year, and there doesn't seem to be any clear reason why Local Corporation can't grow at a similar pace; therefore, in FY2014 we expect revenues to ramp up at least 14% to $108.4 million.
We believe growth will be predicated on three factors:
1) Macro growth for localized search products which should directly benefit the traffic of the flagshipsite of Local.Corp
2) continued progress in growing the number of Network publishing partners Local is able to attract to its orbit; and
3) an increased activity in Krillion-related products by the 2H2014.
We expect GMs to continue to increase, perhaps by 220 BPS or so to 29.7%. Opex should continue to be well managed for the year and only increase by about $1.8 million to $30.4 million and we expect the company will recognize $1.7 million in interest expenses as well.
will recognize $1.7 million in interest expenses as well.
Merriman Capital Starts Local Corp (LOCM) at Buy
Merriman Capital initiated coverage on Local Corp (NASDAQ: LOCM) with a Buy rating and a price target of $4.50.
The company's efforts to increase sales from its high-margin Network
business could help to generate substantial cash flow in the years ahead.
Local has revved up its sales initiatives within its high-margin Network Publishing
business. This business helps merchants and community websites monetize
consumer traffic through genre-specific advertisements carefully targeted to
consumer interests and local communities. As more revenue accrues from this
business, the company's margin mix should improve leading to more consistent
profits and cash flow.
Read the complete text with 17 sites direct by Merriman Capital Less
Flankenking bought a lot of shares by $3.40 and hold it a lot of years - share-price today $15.
You should hurry with this change: Sale of extreme overvalued Zillow and buy of extreme undervalued shares of Local Corp.
Local Corporation’s patented Krillion local shopping platform provides relevant local product search results, including retail locations, brands, categories, product images and product inventory and availability data, to millions of connected consumers researching online prior to purchase. The new platform features significant technology enhancements, which enable better data aggregation and allow it to normalize large amounts of unstructured data more efficiently.
The Krillion platform aggregates national local shopping content and offers it through a range of APIs tailored for both online and mobile channels and devices. Retailers and brand marketers included in the Krillion data index can reach more local consumers and drive shopper engagement and sales, both online and in-store.
Local Corporation was granted patent number 8,032,427 in October 2011, which covers a system for providing localized shopping information.
ICG Group, Inc. (ICGE) ("ICG") today announced the execution of a definitive agreement for the sale of Procurian Inc. ("Procurian"), a leading specialist in procurement solutions, to Accenture plc (ACN) for $375 million in cash, subject to certain adjustments at closing, including working capital, cash, debt and other items. Consummation of the transaction is subject to customary closing conditions and is expected to occur in the fourth quarter. ICG is expected to realize approximately $324 million in connection with the sale.
Important for higher EBITDA and higher net income: "Local will receive a much higher margin on that visit since it is derived organically; thus there are no costs associated with the larger search engines and the majority of site traffic does not come from SEM."
After the sale of Procurian, there are only cloud computing core-companies: MSDSonline, Bolt and Govdelivery - and this three companies had organic revenue growth of 37% from the prior year period in the frist half of 2013.
"Today marks the beginning of an important new chapter for ICG. Having worked for over a decade to build the value of Procurian, we are now excited to unlock that value with this transaction and to execute against our growth strategy as a pure-play cloud computing company. Given the vast market opportunity for cloud computing, our experience in building market-leading positions and our strong balance sheet, we are well positioned to create stockholder value by expanding our platform," Buckley concluded.
by 95-97 million revenues in 2013 and a positive EBITDA of 5.4 million of Local Corp.
Flankenking owning about 4,000 shares of ICG Group and 84,000 shares of Local Corp.
Next posting is from a falsification of ID Flankenking through the criminal crime behind The Street Sweeper with the former gambino Hunter Adams.
But you should hurry with your change, because the Yelp-bubble will burst soon (only an increase of revenues from 55.0 to 58 - 59 million in Q3) and the naked-shortselling-bubble by Local Corp, too.
Clean, Powerful Data: All of our shopping data passes through a vigorous, ongoing data normalization process to ensure its integrity and accuracy.
Local Corp to power Bing's location-based searches, shares jump
Thursday, September 05, 2013 (Reuters)
(Reuters) - Local Corp said it will provide location-based product and services listings for Microsoft Corp's Bing search engine.
The company said Bing's local product listings search will be powered by Local's Krillion shopping data platform.
Krillion provides local shopping information about consumer products from retailers, including in-store availability, comparison pricing, current discounts and images.
Over 50,000 national and regional retailer stores increased in few week to over 75,000 national and regional retailer stores, because teh powerful shopping infrastructure of Local Copr is unparalleled