Zoho announced that the name of its parent company has changed from AdventNet, Inc., to ZOHO Corporation, effective immediately. The name change represents the evolution of the company and the emergence of Zoho as its widely known division.
â€œIn 1996, we started the company with a primary focus on network management. Over the years, we grew significantly, serving different markets,â€ said Sridhar Vembu, founder and CEO of ZOHO Corp. â€œWe are now best known for the Zoho suite of on-line business applications. Given the reach of Zoho, we are renaming the company to ZOHO Corporation, and Zoho.com will be one division. The other divisions â€” ManageEngine and WebNMS â€” will continue operating under their established names and also become divisions of ZOHO Corp.â€
The new name complements the rich history of ZOHO Corp. Founded in 1996, the 13-year old company has grown to 1,000 employees and remains privately held and profitable, having never sought nor raised venture capital.