Thursday, December 06, 2007

The Minicom Interview

This week we speak to Ajay Chowdhury, CEO of EnQii Holdings. EnQii Holdings has been making a splash since it joined the digital signage landscape in March of this year. It has made an impact in the last nine months and big things are expected of it in 2008. Headquartered in London, it has other offices in New York, Toronto, Dubai, Hong Kong and Melbourne.


Ajay’s resume is too long and glittering to get into detail. It's clear that EnQii has been injected with the passion and enthusiasm that Ajay brings with him wherever he goes.

Minicom Blog: Hi Ajay, thanks for joining us.
Ajay Chowdhury: My pleasure.

MB: Could you please tell us a bit about EnQii holdings.
AC: We had a look at the digital signage market and could see it was moving along nicely. One thing it didn’t have though was a global market leader. We wanted to create that global leader. Those familiar with Geoffrey Moore’s Crossing the Chasm will be familiar with the way technology is adopted. We viewed digital signage as being in the stage somewhere between the early adopters and the growing mainstream. Most technologies don’t succeed because the mainstream fail to pick it up but we digital signage was being in the process of crossing the Chasm. It is going mainstream as technology costs come down and big brands treat it more and more seriously.

MB: What about the name Enqii? Where did that come from? And how exactly do you say it?
AC: It is pronounced En-Key. When we were looking for a name we had to find something which would work for a global company around the world and from a pragmatic point of view, we also needed something where the urls would be available. The name works on a number of levels as Enki was an ancient god of creativity and Qi is an Asian life force.

MB: How did you go about becoming a global leader?
AC: We purchased three companies. Digital View Media, Redeemit and Screen Edge. Digital View is a provider of services to the global screen media and captive audience networks industry. Redeemit is a marketing agency that uses mobile phones and SMS to connect to consumers which will be invaluable as digital signage becomes more and more interactive. Screen Edge is company which provides quality content. Digital Signage needs specialist content and this is what Screen Edge does. All in all, we are committed to developing the digital signage industry and providing effective low cost solutions to our clients.

MB: How have you found things have progressed since March?
AC: We have expanded quite quickly. We already have over 100 clients. The market is growing really fast. We are doing well in the USA, Asian revenues are exploding and we are now establishing ourselves in the Middle East. Our development team is based in Toronto while our three profit centers are in New York, London and Hong Kong.

MB: How do you manage your time given you have offices all over the world?
AC: I do spend a lot of time in and out of aeroplanes but Asia is taking up a lot of my time now, in particular, China.

MB: What do you see in the future for digital signage?
AC: That it will take off. Agencies are now starting to take it more seriously. The brands are doing so as well. Software will have more functionality while the content will be stronger as it becomes more and more interactive. Additionally, it will be more targeted towards the audience it is aimed at. The industry will consolidate you can already see the start of it.

MB: Nice speaking with you Ajay.
AC: Likewise.

5 comments:

dick.trask said...

I find this interview interesting especially when Mr. Chowdhury mentions ther is no global leader in the digital signage industry. In a recent research paper from Frost & Sullivan "World Digital Signage Markets" F&S defines the global market leader as Scala Inc. with 35+% market share. The next three companies listed as having significant market share only add up to 30% combined. There is no mention of EnQii Holdings in this report.

Scala is the recognized market leader with offices throughout the world. In 2006 Scala sold InfoChannel products in over 60 countries and experienced a 56% growth over the previous year.

While EnQii Holdings may have been in the digital signage industry for 9 months, Scala is celebrating it 20th anniversary in the digital signage industry.

While we wish EnQii Holdings well in the digital signage industry there is plenty of independent research about the market and its leadership.

ANDRE said...

Interesting to see signage becoming one of the new medium for advertisers.The impact seems to be very successful with proven sales increases attached to the signage..I hear growth will be 300% next year and so on for the next 5 years..Now that is growth!

As for Global leaders perhaps Scala has a large market share but from what I understand of the market ,Scala is ill prepared as they seem limited with there players with expansion limitations and high start up cost..Also recurring revenue model is not one Scala has prepared for with there players..

It certainly will be interesting to watch the growth and who will be the new leaders in the industry.
It is great news for all ,especially the content providers as this market will develop accordingly as the 15 second loops are unique to the advertisers at the moment..

Either way ,I think a great investment if and when any of the signage companies go to stock market which will certainly set its value ..2008 with growth 300% + is music to investors ears..

dick.trask said...

I an not sure where andre as gets his information but Scala is well known for its scalability and extensibility (Tesco, The Life Channel, Pharmacy TV in Poland, Burger King, Rabobank, IKEA, Bloomberg, Burger King, T-Mobile, Virgin MegaStore, EuroDisney, Kiwi, McDonalds, Warner Brothers, Santiago Airport, Ericsson, Rikstoto, FuelCast, Repsol, Shell, NorgesGruppen, The Wall Street Journal Office Network). The Scala InfoChannel solution is appropriate for small networks or very large networks, thousands of screens. In the world today Scala is driving over 200,000 screens on 50,000+ channels. As for players, Scala manages Players through the state-of-the art InfoChannel Content Manager. So if a network operator is runiing a small network of 10 - 50 screens or thousands of screens Scala InfoChannel is has the scalability and extensibility.

Where the perception of high startup costs comes from is unknown to me but Scala is comepetitive with other Digital Signage networks in the industry, Scala sells through a network of Scala Certified Partners around the world (600+) and pricing of a digital signage network is a function of the customer's needs and requirements.

Brian Boakes said...

I felt it important to clarify a couple of points in Mr Chowdhury’s interview and subsequent posts by Mr Trask. Essentially, when Mr Chowdhury said that there was no global leader he was referring to the fact that there was no global leader in providing a full service solution to the Digital Signage industry encompassing technology, content and interactivity.

Furthermore, Mr Trask says that EnQii has only been in the industry for nine months. I would point out that Digital View Media, one of EnQii's principle acquisitions have been providing services to over 100 customers, across 4 continents for over 12 years.


I trust this now clarifies the points raised.

Anonymous said...

Have anyone heard of Broadsign,I have heard great things about this company where it covers everything in the above articles..
Myself I have a meeting with them in the new year and looks very promising which Broadsign will be the leader in the industry or very close to it..