Logica Holdings, Inc. (OTCBB: LGHL) recently proposed acquisition of Dolphin Digital Media LLC. If acquired, Dolphin will give Logica the opportunity and additional resources to create and manage social networking websites around Dolphin’s core brands of popular television programs for children, including Nickelodeon’s top-rated series, Zoey 101, Ned’s Declassified School Survival Guide, and the mystery movie franchise Roxy Hunter. In the beginning of the year, Dolphin Digital Media became an exclusive ten-year licensee of Dolphin Entertainment’s worldwide digital rights to their current and future properties.
When the proposed acquisition is completed, the launching of a new series of secured social networking communities for children worldwide will commence. Both companies anticipate that the combined technology of Logica and Dolphin’s brand awareness and content will create the world’s safest and possibly largest children and tween communities. Over the last few years, many front page headlines have centered on the lack of security with online social networking. Logica and Dolphin Digital hope to bring an end to potential security problems. Under the terms of the contemplated acquisition, Logica will purchase the entire issued share capital of Dolphin and the deal is expected to be valued in excess of $15 million.
Pino Baldassarre, CEO of Logica Holdings, Inc., stated, “We are very excited to be joining forces with Dolphin Digital Media to create new websites for Dolphin’s core audience. Dolphin’s increasingly popular library of children’s and young adult programming will help us introduce more young people to the safe usage of the Internet utilizing our state-of the-art biometric technology platform. Given the lack of viable alternatives for online safety, we are proud to be the solution and a resource to parents, lawmakers, and most importantly, children, by setting this new standard.”
“We are thrilled for the opportunity to introduce our worldwide audience of young viewers to the powerful medium of the Internet under a safe and protected environment,” commented Bill O’Dowd, president and CEO of Dolphin Digital. “Parents of our young viewers will be reassured to know that their children will be using our websites in a protected platform that eliminates external threats, thanks to Logica’s proprietary security technology.”
Logica’s technology partners have enabled them to create a high-tech security platform, which allows Logica to offer a network of identity management and database solutions. The company’s technology partners include; Novell Corporation, Rackspace, Fujitsu, and 123ID, and all are integrated through an exclusive worldwide license with Weblock International. Through these relationships, Logica possesses the technology to develop secure virtual worlds where identities of all members are verified and authenticated.
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