Percept Media today announced its exit from WebPercept. Percept had tied-up with Netweb Solutions in 2000 with a majority shareholding stake, and the company had been renamed WebPercept. Harindra Singh, vice chairman and managing director, Percept Holdings, said, "The opportunities in the new tech media domain today are immense, and we believe we need to go aggressive in this domain. Percept will shortly announce the new tech media offering in conjunction with its 360-degree offering of Percept Media. We have had a satisfying and productive relationship with Netweb Solutions. It is now time for us to move on and pursue our own ambitions." WebPercept specialised in providing online communication solutions to clients. Percept has earmarked $10 million as investment towards the start-up or acquisition in the new tech media domain, which would focus on online and interactive communications including gaming, mobile and the net.As per the agreement, Percept has transferred its majority stockholding to the partner at WebPercept. Percept will withdraw the name 'Percept' from 'WebPercept' with immediate effect. Percept, however, retains the right to use the brand name WebPercept in its future ventures.
