Systems America Acquires 51% Stake In Elabh.Com

The city-based $ 20 million Systems America has acquired 51 per cent stake in elabh.com, a portal that offers cash for surfing the net. The balance 49 per cen twill be held by Nick Tyagi, who created the portal. Nick Tyagi is also the newly appointed CEO of the portal. "Systems America will hold 51 percent stake in elabh.com. The balance 49 per cent will be held by Nick Tyagi, the entreprenur who created the portal," Adesh Tyagi, chairman and CEO of Systems America said. Details of the deal were not available. As per the business model of the web site, after initial registration, every user is given a user identification number. The advertising bar, which comes up as soon as one accesses the Internet and records the time one surfs the Net. "The earnings of the registered user thus depend on the time recorded by the advertising bar," Nick Tyagi said.