Internet Group
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| 150px | |
| Subsidiary | |
| Industry | Online services |
| Founded | 2000 |
| Headquarters | São Paulo, Brazil |
| Products | Social networking Online service provider Online media |
| Revenue |  $149.6 million (2010) |
| $21.7 million (2010) |
|
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Number of employees
|
430 |
| Parent | OnGoing |
| Website | iG.com.br |
Internet Group do Brasil (iG) is a Brazilian Internet service provider that owns and operates web portals and provides a variety of services including online banking, shopping, stock information, chat rooms, and free e-mail.[1]
As of March 2012, iG was the fifth-largest portal in Brazil, with 23.5 million unique monthly visitors.[2]
History
iG was founded on January 9, 2000, by GP Investments and Banco Opportunity. It gained popularity by offering free dial-up access.[citation needed]
In May 2004, Brasil Telecom (a subsidiary of Oi since 2009) acquired iG for approximately $100 million.[3] In April 2012, Oi sold iG to Portuguese investment company Ongoing Strategy Investments SGPS SA for an undisclosed sum.[4][2]
