Skenzo, one of the leading companies in the traffic monetization business, today announced the completion of a significant minority investment from the Ashmore Group. The Ashmore Group is one of the world's leading Investment firms with over $36.5 billion under 

Divyank Turakhia
Skenzo Co-Founder and CEO

management. Skenzo said that in terms of revenue it was the fastest growing domain parking company in the world in 2006 and 2007.  

Skenzo Co-Founder and CEO Divyank Turakhia said “We are very bullish about the Direct Navigation industry and we plan to deploy sizeable resources for building unparalleled technology products in the direct navigation, online traffic monetization and advertising spaces. We already have the largest team of people (currently 250 employees) in the industry. We have very aggressive plans to recruit some of the best talent that exists. Our goal is to continue being the leading technology provider for the industry at large.”  Turakhia added "Skenzo has developed path-breaking technology and pioneered innovative practices in the direct navigation space and Ashmore’s experience, and proven track record makes them a perfect partner for Skenzo’s aggressive growth plans”

John-Michael Lind of Ashmore Group said “In a short span of time Skenzo has become one of the strongest players in the traffic monetization industry. We believe the Skenzo team has done a terrific job. We are very excited about this investment and are looking forward to working in close partnership with Skenzo to help further accelerate its growth and strengthen its leadership position.”
(Posted March 26, 2008)