Tag: D1G

D1G Announces Closing Of Its First Round Of Financing

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D1GD1G just announced its closing of a first round of financing; that will go towards funding the site, its expansion and its infrastructure on the Internet.

According to the press release issued by the company, this first round has attracted a number of regional businessmen and international experts in the internet industry to join the site’s management.

Commenting on this round, Abdul-Majid Qasem, D1G Executive Director, said that the first round of investment was able to attract the necessary funding for the next phase, and that the amount raised would help the company improve its products and services to achieve the board of directors’ vision and aspirations.

He also noted that the next round of strategic investment negotiations with some of the leading capital and private equity firms in the region is currently ongoing.

D1G was founded in May 2006, and according to the numbers released by the company have been able to build a community of more than 3 million people per month over the past years, generating more than 20 million impressions and over 15 million online monthly videos. They also claim to have grown 100% in number of users during the first half of 2009 alone.

D1G’s growth has been both organic and through acquisitions, and it seems they’ll be sticking to the same approach for growth in the future.

Just a couple of months ago, D1G announced that Usama Fayyad, Ex- Chief Data Officer and Executive Vice President at Yahoo!, had been appointed Executive Chairman of D1G to help develop the company and take it into its next stage of growth. He was already on their board of directors since September 2008.

D1G also announced that prominent Jordanian business man and investor Karim Kawar will become an Active Advisor on the company’s board of directors. Karim Kawar, who had previously served as Jordan’s Ambassador to the US, is currently advising a number of regional capital and technology companies.

D1G Appoints Ex-Yahoo! Vice President Usama Fayyad As Executive Chairman

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D1GSocial Networking and video portal site D1G, which allows users to share, discuss, and distribute rich online content, has tapped into the knowledge and expertise of online data mining and data strategist, Dr. Usama Fayyad, to help catalyze the company into its next stage of growth.

Usama FayyadDr. Usama Fayyad served as Yahoo!’s Chief Data Officer and Executive Vice President of Research & Strategic Data Solution. Dr. Fayyad was responsible for Yahoo!’s overall data strategy, architecting Yahoos data policies and systems, prioritizing data investments, and managing Yahoos data process infrastructure which processed and mined over 25 Terabytes of data per day resulting from Yahoo!’s over 500 million users globally.

Fayyad was also responsible for the advanced technology arm of Yahoo! in Yahoo! Research — the group that is driving innovation in social systems is Search Technology, in Microeconomics and in monetization technologies. He was also responsible for user targeting and grew ad targeting at Yahoo! by 20-fold from when his company was acquired by Yahoo! in 2004 till he left Yahoo! in later 2008.

Fayyad invested into d1g.com, and has become the company’s new Executive Chairman. His entry into the company should provide great value in helping scale the company’s infrastructure to accommodate increased users’ activity and to grow the business to the next level.

“Arab audiences are really thirsty for new-generation rich content and social media represented by the Web 2.0 offerings of d1g.com. I am very excited about d1g.com. I have been informally advising the firm since its early days, and I am very bullish about their potential to grow and provide some of the most dynamic experiences for their audiences and marketers alike.” said Dr. Fayyad. “Since my departure from Yahoo! in the autumn of 2008, I have been evaluating various investment opportunities in the regional online space, and I was very impressed with the skills, expertise and dedication of the company’s leadership.” added Dr. Fayyad.

The company and Fayyad are hoping that he will play a particularly crucial role in helping the d1g.com management team better monetize the company’s inventory through more targeted ad offerings that allows marketers to dynamically generate ads that target various audience criteria such as geography, demography, and browsing behaviour. He will also help expand the offering to our rapidly growing user base across the entire Arabic speaking world.

D1G Acquires Popular Jordanian Forum E7ki

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D1GD1G recently announced that it has acquired the popular Jordanian forum “E7ki“, one of the biggest in Jordan, to integrate it into the D1G network of websites.

The E7ki forum now operates under the D1G domain name, and is now in public beta, awaiting to be relaunched with a new design and more features.

E7ki is the fifth acquisition by D1G after websites like: “Ya Sater”, 7asnaa, 66g and “Seen Jeem”.

This acquisition follows a trend that some Arab web companies like D1G, Maktoob and others are following; acquiring popular websites and forums to quickly boost their number of users, as well as the page views and visits they generate, in order to attract more online advertisers, thereby generating more advertising income for them.