Lokesh Pvt. Ltd. Now owns Grayboxx

April 20, 2009 - PRLog -- Noida, UP India - Grayboxx, a leading local search and yellow pages website, is happy to announce a change in ownership.  The company was initially purchased in November 2008 and is now owned by Lokesh Pvt. Ltd. in Noida, Uttar Pradesh.     
    
To go along with the ownership change, the company has furnised Lokesh Pvt. Ltd. with all the internal technology that drives grayboxx's unique local search solution.  Lokesh intends to study the PreferenceScoring technology for three months in detail before re-launching it on the grayboxx.com website.

“Our goal when we purchased this business was to improve the customer experience by providing a cleaner layout and more features in line with expectations that web users have,” said Sandeep Chaudhary, Operational Manager of grayboxx.com. “Grayboxx is known for its unique search capabilities, but we intend to broaden its social features similar to Yelp.”

The company has been in business since 2005.  It attracted significant press in Wired, CNet, Mashable and other media for its PreferenceScoring technology.  In PreferenceScoring, grayboxx (http://www.grayboxx.com) analyzes licensed user data such as address books, and counts references to particular businesses to determine which businesses are the most popular.  

“PreferenceScoring was important for the company initially.  Going forward, we will make innovations in other arenas, especially in regards to social networking.  While the world doesn't need another social network, it would benefit from a way to easily find out which businesses in the neighborhood are trusted by their neighbors and friends,” said Chaudhary.

For further information, contact Syed Ranjan at Lokesh Pvt. Ltd. at 91-9958380412 or visit http://www.grayboxx.com .