Name Game.E-business solutions provider NetBase Computing computing - computer Inc. in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and is now Syncata, thanks to three MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration students at the University of Texas who came up with the name. "Syncata" is supposed to reflect that the company is a catalyst for synergy between business strategy and technology. "We've evolved from network and database integration to being an e-business provider," explained Sasha Banks, head of marketing at Syncata, who helped spearhead the name change. Another reason for the name change was a desire for exclusivity. The NetBase name is being used by five or six other companies throughout the world, including Japan, Canada, and a couple in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . NetBase executives wanted a new name to which they could have exclusive trademark rights. The company's president and chief executive, Ujj Nath, received his MBA from the University of Texas, so he asked the school if its MBA students would help the company change its name. "They loved it," Banks said. The three students who created the Syncata name won $5,000 to split between them. And the company saved hundreds of thousands of dollars that would have been spent on pricey Pricey Term used for an unrealistically low bid price or unrealistically high offer price. pricey Of, relating to, or being an unrealistically high offer. An offer to sell a security at $50 when the current market price is $47 is pricey. consultants to help with the change. "It provided value for the students, as it provided a lot of value for us," Banks said. "We got to work collaboratively with the students." |
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