Type Subsidiary Revenue $149.6 million (2010) Website iG.com.br Headquarters São Paulo | Industry Online services Net income $21.7 million (2010) Founded 9 January 2000 Number of employees 430 | |
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Products Social networking
Online service provider
Online media Founders GP Investments, Opportunity Asset Management Parent organization BRT Serviços de Internet S.A. Profiles | ||
Internet Group do Brasil (iG) is a Brazilian Internet service provider that owns and operates web portals and provides a variety of services including online banking, shopping, stock information, chat rooms, and free e-mail.
As of March 2012, iG was the fifth-largest portal in Brazil, with 23.5 million unique monthly visitors.
History
iG was founded on January 9, 2000, by GP Investments and Banco Opportunity. It gained popularity by offering free dial-up access.
In May 2004, Brasil Telecom (a subsidiary of Oi since 2009) acquired iG for approximately $100 million. In April 2012, Oi sold iG to Portuguese investment company Ongoing Strategy Investments SGPS SA for an undisclosed sum.
References
Internet Group Wikipedia(Text) CC BY-SA