iYogi

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Yogi Technical Services Pvt. Ltd.
Industry Information Technology
Founded 2007
Founders
Headquarters Gurgaon, Haryana, India
Area served North America, Europe, Australia, India, UAE
Key people Uday Challu(CEO)
Vishal Dhar(President Marketing)
Services Technical Support
Website iyogi.com

iYogi is a remote technical support firm based in Gurgaon, India with customers in the United States, the United Kingdom, the United Arab Emirates, Australia, Canada, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and India. iYogi provides subscription based technical support for personal computers, connected devices and peripherals, and software applications. In 2011 the company also ventured into support for devices running mobile operating systems like Apple's IOS.

History[edit]

iYogi was co-founded by Uday Challu & Vishal Dhar in 2007. It deploys more than 6,000 technology staff on its global delivery platform, iMantra.[1][2] Sequoia Capital,[3] Draper Fisher Jurvetson,[4]Canaan Partners,[5] SAP Ventures,[6] and SVB India Capital Partners[7] are the venture capital firms that have invested in the company.

In 2009, the firm acquired Utah-based Clean Machine Inc.[8] and appointed its founder, Larry Gordon, as President Global Channel Sales.[9] In 2010, iYogi raised US $30 million in Series D round of funding led by Sequoia Capital [10] with follow-on investment from existing investors. Earlier in the same year, the company had secured an investment of $15 million from Draper Fisher Jurvetson and others.[11] In September, 2011, iYogi added three independent directors, Sridar Iyengar, Subhash Lallah, and Chandra Gujadhur, to its board, raising its strength to seven.[12]
In July 2014, the Axon Partners and Madison India Capital infused $28 million into iYogi.[13]

Management[edit]

Location and partnerships[edit]

iYogi is headquartered in Gurgaon, India, and also has an office in New York, USA.[14]

In 2010, iYogi and Infinite Computer Solutions (India) Limited entered into a joint agreement enabling the former to operate a service delivery center in Bangalore.[15] Infinite Computer Systems has iYogi founder Uday Challu's Brother in Law and Sister in their management. In February 2010, IBM signed a data center agreement with iYogi and followed it up with another partnership aimed at assisting the tech support firm’s expansion plans in a number of countries.[16]

iYogi launched its operations in India on 7 March 2013, targeting small and medium businesses, as well as consumers.[17]

Reports of misconduct[edit]

iYogi's questionable sales tactics have attracted criticism. People who have called computer support lines, thinking they were getting free or under-warranty support from the vendors of their software, found themselves talking to an iYogi operative. These people were often told their computers had severe problems that did not actually exist, and the operative then attempted to sell them annual support subscriptions for $US170 a year.[18]

In March 2012, antivirus company Avast! severed its ties with iYogi. Under an agreement that lasted a little more than two years, iYogi had provided online support to Avast! users free-of-cost. Avast! accused iYogi of forcefully selling its online support plans to Avast! users; which the antivirus supplier characterised as unnecessary and expensive. Avast! accused iYogi of, at best,misconduct.[19] Some Apple users have labelled iYogi a "scam" because its marketing and sales imply a connection with Apple, and for various other dubious practices.[20]

References[edit]

  1. ^ Crunchbase Profile
  2. ^ "IBM inks five year deal with iYogi". Indus Business Journal. May 4, 2010. Retrieved Nov 10, 2012. 
  3. ^ Sequoia Capital
  4. ^ DFJ Portfolio
  5. ^ Canaan's investments in India
  6. ^ SAP Ventures' Portfolio
  7. ^ "IYOGI SECURES $9.5M IN SERIES B FUNDING LED BY SAP VENTURES". Silicon Valley Bank. July 24, 2008. Retrieved Nov 10, 2012. 
  8. ^ "iYogi acquires Clean Machine Inc". Business Standard. May 12, 2009. Retrieved Dec 9, 2012. 
  9. ^ Acquisition of Clean Machine Inc.
  10. ^ Adrianne, Jeffries. "NY-Based iYogi Strikes a Bubble Pose, Raises $30 M., Teases IPO". The New York Observer (Jared Kushner) (Dec 13, 2010). Retrieved Dec 9, 2012. 
  11. ^ Robin, Wauters. "Remote Tech Support Company iYogi Gets A $15 Million Boost From DFJ, Others". TechCrunch (AOL) (Jan 6, 2010). Retrieved Dec 9, 2012. 
  12. ^ iYogi Brings On Board Three Independent Directors
  13. ^ "E-Com, pharma attract lion's share of PE funds". Business Standard. July 2, 2014. Retrieved August 1, 2014. 
  14. ^ [1]
  15. ^ Infinite to set up iYogi support centre in Bangalore
  16. ^ IBM, iYogi ink deal for state-of-the-art data centre
  17. ^ Lison, Joseph. "iYogi turns to India after US success; company targeting at least 15% of the local market". The Economic Times (The Times Group) (07 March 2013). Retrieved 13 March 2013. 
  18. ^ Cringely, Robert X. "The downward (dog) spiral: iYogi exposed". infoworld.com. Retrieved 2014-11-24. 
  19. ^ Nichols, Shaun. "Avast halts support service over claims of iYogi misconduct". The New York Observer (V3 UK) (Mar 16, 2012). Retrieved July 1, 2013. 
  20. ^ "iYogi, scam? Relationship with Apple?". Apple Support Communities forum. Retrieved March 31, 2014.