Search the Internet          Tips  Sites: Finance, Investment

InfoUSA to set up Bay Area office

Nirshan Perera

Vinod Gupta is tired of long layovers in Denver. He doesn't particularly enjoy the airports of Phoenix or Las Vegas either.

Whenever the founder and chairman of InfoUSA needs to head out to the high tech heartland of Silicon Valley (which is quite often), his commute from the home office in Nebraska is invariably complicated by the lack of non-stop flights.

Time is money, and no one realises it more than Gupta -- the man who parlayed a $ 100 investment in 1972 into a gargantuan database marketing company worth $ 300 million on the Nasdaq today.

So citing these commuting problems, InfoUSA has announced its plans to open a regional office in the Bay Area. Its local subsidiary, InfoUSA.com, will be merged into the parent company and the operations expanded.

The company, which does brisk business in the sale of consumer information, intends to set up its new headquarters in Foster City.

"Having this new location will allow us to strengthen our relationships with customers and prospects," 54-year-old Gupta said.

"Sharing my office with this new headquarters, I will be able to dedicate more of my time to expanding our business in this region and to work on strategic alliances."

"While we continue to be committed to our Omaha headquarters, we concluded that the lack of non-stop flights from Omaha to New York and San Francisco impedes our future ability to interact with our national clientele and strategic partners."

Gupta, whose business savvy and quick wit have made him something of a celebrity in the Indian American community, is most frequently in the news for his political largesse.

The IIT alumni has given the Democratic Party millions over the years, and recently wrote out a $ 1 million check to the Clinton Presidential library.

YOU MAY ALSO WANT TO READ:
The gifts to Clinton that bounced back
Clinton showers praise on Indians

Money

Business News

Tell us what you think of this report