DataWind Inc.opens Trading at Toronto Stock Exchange

New Delhi / Mississauga, Ontario, 18 July 2014: DataWind Inc. (“DataWind” or the “Company”) (TSX: DW), a leader in low-cost internet connectivity for emerging markets, was honored with initiating the siren to open trading at Toronto Stock Exchange (TSX) today.  The event celebrated the Company’s recent initial public offering, successfully completed on July 8^th; raising gross proceeds of CAN$30.0 millionto expand the implementation of its patented and proprietary technology across emerging markets.

Raja Singh Tuli, Co-Chairman and CTO, Suneet Singh Tuli, President and CEO, and other members of the DataWind management team joined Michael Kousaie, Head of Business Development, Technology, Toronto Stock Exchange and TSX Venture Exchange, to mark the occasion.

Suneet Singh Tuli, President and CEO, DataWind said, “It is an absolute delight for DataWind to be part of the market opening ceremony today.” Commenting further on the recent financing, he stated, “Our IPO on the TSX represents a major milestone for DataWindand gives us the resources to implement the next stage of our vision to bring the internet to billions ofunconnected people in the developing world.The internet impacts nearly every aspect of modern society and serves as a powerful economic stimulator.  Yet, only a small percentage of individuals in developing countries have internet access.”

Raja Singh Tuli, Co-Chairman and CTO, DataWind said, “The world suffers from an internet infrastructure deficit, however, we believe our patented cloud based web delivery technology can effectively leverage existingcellular telephony networks to deliver affordable internet to 93% of the world population.  Our technology holds the potential to help bridge the digital divide – effectively and in the most affordable manner.”

Following the successful debut of DataWind’s range of low cost tablet computers and internet solution by the Secretary General of the United Nations, Mr Ban-Ki-Moon, the Canadian company is now on a mission to empower the digitally disenfranchised to join the internet age.

DataWind has been recognized by the MIT Technology Review in its 2014 list of the World’s 50 SmartestCompanies, as the Company is acknowledged for its ability to break the affordability barrier with tablet computers for the population at the base of the pyramid, while delivering internet access on existing networks.

42% jobseekers visit company website before responding to job opportunity TMI Group survey

New Delhi, 18 July 2014: When it comes to career, engineering graduates in Hyderabad are taking informed decisions like never before. According to a survey conducted by the TMI Group, a leading HR and recruitment services firm, 42% of the jobseekers surveyed consider company website as the top source of information to learn about the job and the potential employer. This comes as a revelation to Small and Medium Sized Enterprises wondering why they are not able to attract top talent. The survey also provides insights into other job search habits of job seekers. 

34.4% of the jobseekers said that they would research about the company at various sites on the Internet before deciding whether or not to pursue a job opportunity. Asking acquaintances, going through the social media pages of the company and reading from sources like magazines, are the other popular options to know more about the potential employer.  

Fig 1: Favourite information source

The type of information the engineering graduates seek to assess a job opportunity is diverse. For 87.6% of the respondents, comprehensive information about the specific job role is one of the essential parameters. 86.7% jobseekers said that they consider information about the company among the decisive factors. Other information jobseekers say they search for include stories by current and ex-employees and details of work environment/culture. 

 Fig 2: Type of information

The survey also reveals the top reasons to discontinue the pursuit of a job opportunity. 43% jobseekers would give up a job opportunity if they find information about it missing with the recruiter. 28% said that they would not follow through a job opportunity with company that has no website. Lack of social media presence and any internet presence are some more reasons. 

Commenting on the results, Mr. T. Muralidharan, Chairman, TMI Group said “these findings come as eye opener for SMEs. These revelations direct the SMEs towards the need of employer branding and internet presence in attracting right talent.” 

Sharing her perspective on the findings, Ms. Srividya Viswanathan, Executive Vice President, JobsDialog, a SME targeted recruitment solution from the TMI Group, said, “nine out of ten websites of SMEs are customer centric. There is hardly any information in them, aimed at educating and attracting jobseekers. It is high time SMEs understood that employer branding is as important as product branding.” 

The survey also throws light on other job search practices of the engineering graduates. Social media emerged as their favourite medium for job search, at 29.4%. For 26.9% jobseekers, job portals are still the favourite medium. 17.6% said they rely on company websites. Recruitment agencies and classifieds are next in the list respectively. 

Fig 3: Favourite job search medium

47.4% jobseekers check for the latest job postings every day. 43% check once or twice in a week. 

When applying for jobs, 76.1% engineering graduates tailor their resume to suit the specific opportunity. 

About the survey: 

The survey is conducted by the TMI Group, of 323 engineering graduates based in Hyderabad and Secunderabad. The respondents are B.E/ B.Tech graduates from across engineering streams and with 0-5 years of work experience.