Business Description:Zoyid Technologies is an open source service provider aiming at serving web needs of companies and individuals alike. The idea is to help existing web businesses or web newbie?s to run their web needs on an easy to configure, extensible and managed platform. The platform is built on multiple frameworks for managing all your content, knowledge and learning needs. This platform however is complete with community building features, blogs, forums and much more, all out of the box.
The main advantage is in the low initial costs and the low time to deploy quotient for the consumer and of course no need to worry about server management or database dumps, security updates, version upgrades etc etc. Zoyid follows an innovative business model for this called the open service 2.0, where we develop functionality throughout the year on this platform while managing it end to end for you.
Industry:IT/ Internet/ Software
Founded in:2008
Source of idea:Discovered by chance
Significant Competitors:On the open source service provider front for products we have competition from each segment. For example in the CMS front we have Raincity Studios.
In the small business segment platform that we are about to launch we have Squarespace as a competition.
Company Details :
Company Name:Zoyid Technologies
HeadQuarters:Hyderabad
Stage of the company:Have first customer
No of Employees (2006):Did not exist
No of Employees (2007):Did not exist
Office Locations(2006):Did not exist
Office Locations(2007):Did not exist
No of companies promoted:Yes (1)
Profits (2006):Did not exist
Profits (2007):Did not exist
>Partnerships:
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:Zoyid's targets is not just websites, it includes bloggers, forum owners, companies looking for hosted and customized web solutions, large community sites and much more. As the platform expands to include newer functionality, our target market is likely to expand.
We plan to introduce feature packed services on each of these open source platforms on a monthly subscription model as this platform is extendable with learning, knowledge and project management solutions apart from content and community management. Zoyid's constant revenue will come from consumers who need to maintain highly functional sites as Zoyid will offer third party developer extensions through its platform, developers can showcase and generate revenues from our platform while me charge royalties for each license sold.
Currently the platform called The Universe Platform is being developed on some of the best available open source frameworks. The platform is currently stabilizing and is being introduced to select customers right now. This will be completely ready for web consumers by the end of November.
Awards & honors:NEN HOTTEST START UP of the year Award (In the future of course) ;)
Promoters Details :
Promoters Name(s):Mir Abid Hussain
Age:23
HomeTown:Mahe
Education:Masters
No of companies promoted:Yes (1)
Family Background:First gen entrepreneur
Job:Lead Strategist at ideia.estudio
Ex-Job Description:Entire operations. I was the enrepreneur.
Favorite Book/Movie: Enigma / More about me on my blog at http://www.zoyidian.com
