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Backdating Probe Strikes Fear in Boardrooms SMG’s Wenli Huang says current scandal just tip of iceberg

In recent weeks, news stories have reported the resignations or demotions of more than 40 executives from 20 companies, and whiffs of scandal in the boardrooms of several solid, high-profit companies such as Apple Computer, McAfee, SafeNet, and Sapient. The menace is the suspicion that these companies have backdated stock options, a questionable practice that gives executives maximum profit at the expense of ordinary investors. At the moment, the Securities and Exchange Commission (SEC) is looking closely at nearly 100 companies that are suspected of  backdating.

Stock options are offered to employees in the hope of motivating them to work harder to improve the company’s share price. A stock option may allow an employee to purchase, for example, 1,000 shares of company stock at the market price of $30 a share on the day the option is offered. If, in a year, the stock’s price has risen to $42 a share, the employee can purchase it for $30, making a $12 profit. When options are backdated, the grant date is set to an earlier time when the stock price was lower, rather than the day the options were actually granted, which gives the employee an automatic profit on the options.

BU Today spoke with Wenli Huang, a School of Management assistant professor of accounting, on why companies are in trouble and the extent of the scandal.

BU Today: Backdating stock options isn’t necessarily illegal. What did companies do that was illegal?

Huang: While backdating is not illegal per se, in many cases it could be. The SEC sees backdated options as at least problematic —especially if not properly accounted and disclosed — since these options are effectively in-the-money on the decision date.

Wenli Huang, SMG

assistant professor

Accounting rules require that such “discount options” be expensed on the company’s financial statements. The U.S. tax code disqualifies them from certain corporate deductions and exemptions. Because backdating is typically not properly reflected in accounting earnings and tax forms, some companies may have to restate their earnings and pay tax penalties for past years to rectify disclosure omissions. Companies that didn’t disclose the backdating — or implied in their filings that they didn’t backdate — can face serious securities violations. Board members and senior executives could be personally liable if they approved options in violation of the company’s plan or did not make full disclosures to shareholders.

How common was this practice of backdating options without properly reporting them and why did so many companies do it if they knew the practice wasillegal?

Backdating can be hard to identify. The SEC and federal prosecutors have launched a widespread investigation into option grant practices. Currently more than 100 companies are under scrutiny. The list likely will continue to grow, and yet what we are witness to is but the tip of an iceberg.

In the past, we attributed the practice of granting options at a date when the stock price is particularly low to managers’ perfect forecast of the future price movements. It was not discovered until recently that managers may have chosen lower stock prices in hindsight, which is what backdating is all about.

Backdating has become a convenient way to allow these options to receive favorable accounting treatment and enrich the option holders. Lack of tight internal control on how to grant options and loose SEC rulings on this matter exacerbate this practice. Until the Sarbanes-Oxley Act of 2002, companies were allowed to report option grants within 45 days after their fiscal year end. That gives companies more room to select preferential grant dates.

A recent study shows that, of the companies that have been implicated in the scandal, many of them have shared board members with each other, suggesting that the idea to backdate options as a compensation mechanism may have spread via word of mouth from company to company.

Do you have an estimate of the scope of this scandal? Will it blow over or will even more companies become implicated?

According to some recent studies, nearly 19 percent  of option grants to top executives from1996 to 2005 may have been backdated; backdating is more common among technology firms, small firms, and firms with more volatile stock prices.  

The SEC is expanding its investigation into the option grant practice. Federal prosecutors have brought criminal charges against former executives of two companies, Brocade Communications Systems, Inc. and Comverse Technology, Inc. Regulators and prosecutors haven’t the resources to conduct full-blown forensic probes of every company. They often rely on companies’ own internal inquiries to do the initial digging that helps authorities decide whom to pursue most vigorously. 

There is also a growing pressure on prosecutors to go after CEOs who cut corners to enrich themselves or others at their companies. So far, more than 40 executives and directors from 20 companies have stepped down or have agreed to step down. On October 16, for instance, one of corporate America’s most successful CEOs, William McGuire of United Health, agreed to step down amid revelation of backdating problems.

Is the backdating scandal more evidence of corporate mismanagement or has it been blown out of proportion because of other recent scandals, such as those involving Enron and WorldCom?

Similar to the Enron and WorldCom scandals, some of the blame of the backdating scandal can be laid at the human-nature tendency toward greed. Whenever there is an opportunity, there is more chance for fraud to occur.

The timing questions of option grants, however, are potentially a much bigger issue than backdating. The scandal raises questions about a lack of board oversight, weak internal controls, faulty external and internal audit practices, and poor accounting.

I believe that a policy or procedure requiring more transparency in option practice (and other forms of compensation) is needed. I expect that the problem will be mitigated by the SEC’s new disclosure requirements on executive compensation.

How do these events affect the average investor?

Backdating certainly hurts average investors. Backdating involves artificially changing the grant dates to give option recipients extra profits. But (in a zero-sum game) these extra profits come from the shareholders’ pockets. Also, backdating makes it more likely that the options will be profitable even if the company doesn’t do very well, thereby undermining the incentive they are supposed to provide. 

Investors are reacting in various ways to the unfolding scandal. Some have filed lawsuits against over 20 companies; others tend to shy away from companies under investigation.

I think corporate officials need to work really hard in order to restore financial credibility and public trust. More transparent disclosure rules are demanded to enable investors to hold boards accountable for improper behavior.

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Sanity/Fear Rally: What Did It Mean?

Sanity/Fear Rally: What Did It Mean? Jon Stewart event could define a generation, BU students say

BU alums Douglas Ely (CAS’09) (from left), Morena Zelaya (CAS’08), David Yi (CAS’08, SED’08), Jessica Taylor (CAS’08), and Meagan Clark (CAS’08, COM’08) with their rally sign. Photos by Tom Vellner

With aching feet, sunburned faces, and throats sore from trying to be heard in the contained mayhem of a throng estimated at about 250,000 people, BU students and alumni who attended Saturday’s Washington, D.C., Rally to Restore Sanity and/or Fear were upbeat, but undecided about whether the day will be remembered as merely a hell of a party or an event that defines a generation.

The day’s carnival-like proceedings, carried out under a nearly cloudless sky, did pack a deeper message, says Justin Koch (CAS’12), who decided he’d attend when Jon Stewart first aired his call to sanity on an episode of The Daily Show in mid-September. To Koch, in Stewart-ese the word sanity means “for us to be more discerning. Sanity is being able to discern between terrorists and someone who’s simply a Muslim.”

Stewart’s rally was countered satirically by Stephen Colbert’s announcement of the March to Keep Fear Alive on a subsequent episode of The Colbert Report. The two events were later consolidated into the Rally to Restore Sanity and/or Fear, with a new combined logo.

“If we amplify everything, we hear nothing,” Stewart, appearing humbled, told the heaving crowd at the rally’s close. “Sanity will always be and has always been in the eye of the beholder. To see you here today and the kind of people that you are has restored mine. Thank you.”

Stephen Colbert (left) and JonStewart take the stage before thousands of rally-goers.

“I’ll tell my kids some day about the speech Jon Stewart gave at the end,” says Liam Skehan (CAS’11), like Koch a political science major in BU’s study abroad program in Washington D.C. Koch’s classmate George Sousouris (CAS’11) says he too believes the rally could go down as a defining moment.

“After six trains passed us, we just bailed and walked, and finally got a taxi,” Sousouris says. The trek took hours. But that was part of the experience, he says: “If we were able to just waltz up to the front, it wouldn’t have been worth it.”

“The whole event bucked the trend of fear mongering,” Sousouris says. It was just very positive.” Stewart walked a fine line between humor and making sure that he’d be taken seriously, he says, agreeing with his classmates that Stewart’s speech at the end gave legitimacy to the entire event, even though Stewart welcomed the crowd by acknowledging that he didn’t quite know why they were all there.

Both students and alumni expressed surprise at seeing so many older people at the rally. “I expected a much younger crowd,” says David Yi (CAS’08, SED’08), who works for the U.S. Department of Education in Washington. Not only was the rally speckled with 50-somethings, who could be overheard reminiscing about the Vietnam War protests of the ’60s, but there were octogenarians plodding along the lawn with walkers and canes. Yi was one of 20 BU alums who came from as far as Missouri for the event. The day began for them with a prerally party at the apartment of Jessica Taylor (CAS’08), who works in public affairs for General Electric. “We had pancakes, pumpkin muffins, and adult beverages,” says Taylor. The group arrived late and wedged themselves into a spot with a view of the rally on a JumboTron screen.

Taylor went to the rally with “no expectations,” she says. Koch wondered beforehand how political the event would be (not at all, it turned out), and found the message to be the opposite of political: “Avoid the tendency to demonize our opponents,” as he puts it. “Avoid the tendency to state our opinions loudly.” (One sign at the rally screamed in ominous lettering, “Non-Judgment Day Is Near.”)

Both students and alumni interviewed felt African Americans were underrepresented. “I expected more diversity,” says Taylor’s friend Douglas Ely (CAS’09), who teaches seventh-grade science in St. Louis, Mo. Koch and his friends agree that black faces in the crowd were sparse. Koch says that at the rally he had to remind himself that Daily Show and Colbert Report audiences are skewed to the Northeast and California, and the crowd at the Mall was made up of their fan base.

As well as being remarkable for its sanity, the rally was also conspicuously lacking in vitriol toward anyone. “I anticipated a harder jab at the media in general,” Ely adds, noting Stewart’s and Colbert’s gentle digs at archenemy Fox News and at National Public Radio, whose avoidance of the rally was mocked in an in-absentia acceptance of a “Fear Award” to the network by a seven-year-old girl. “Are you afraid?” Stewart asked. “Nope,” the child said. “This is fun.”

The rally got an across-the-board thumbs-up for its smooth production level. “All the musical support really added a lot,” says Ely. The day’s comic moments began with Colbert’s rising to the stage from a subterranean hole, where he had been cowering in fear that no one would come to the rally. “I think you’re okay there,” said Stewart, after which Colbert exploded forth waving a Chilean flag. And for the most part the antics were well scripted and clever until the poignant conclusion—a still-vibrant 84-year-old Tony Bennett crooning “God Bless America.” According to Taylor, “The writing kept people engaged for three hours; it was really well produced.”

One omission noted by many rally-goers was the lack of any specific mention of the midterm election just days away, or even the use of the words “election” or “vote.” Meagan Clark (CAS’08, COM’08), who works in DC for the Academy of Educational Development, says she “was surprised there was no talk about getting out the vote.”

“Some people were saying that the rally had diverted people who should’ve been out canvassing neighborhoods” for their candidates, Skehan says. But Koch thinks the obviously calculated omission freed the proceeding from any political taint, and the get-out-and-vote message got across in Stewart’s calls to engagement, and to patriotism.

William Skehan (CAS’11) (from left), George Sousouris (CAS’11), and Justin Koch (CAS’12) in front of the lit-up Capitol building.

Perhaps a call to action was best conveyed in Stewart’s closing words, which the BU students believe will resonate for years: “We know instinctively as a people that if we are to get through the darkness and back into the light, we have to work together. And the truth is, there will always be darkness.”

Susan Seligson can be reached at [email protected]. Tom Vellner can be reached at [email protected].

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Microsoft Strikes Out With The Patent Office

Microsoft has once again been stymied in its long-running patent infringement battle with tiny Toronto-based i4i, a struggle that may cost the software giant nearly $300 million.

The case has long since ceased to have any potential impact on Microsoft customers. Microsoft (NASDAQ: MSFT) removed the infringing code last year via patches issued to its customers.

The latest blow to Microsoft came from the U.S. Patent and Trademark Office (USPTO), which ruled that i4i’s patent on Custom XML (eXtensible Markup Language) is valid after Microsoft had requested the patent be declared invalid. The smaller firm filed its suit for infringement in March 2007 after attempts to negotiate a settlement failed.

Microsoft was found to be culpable of “willfully” infringing i4i’s patent, which dates back to 1994, by a U.S. District Court jury last spring. In August, the court levied penalties, fines, and interest of some $290 million.

Additionally, Microsoft was enjoined from selling any copies of Word or Office, which contains Word, that included its own Custom XML editor. That meant Word 2003 and 2007. Microsoft pulled the offending packages from the market and, in the cases of Word 2007 and Office 2007, replaced them with versions that do not contain the patented code.

Office 2010, which is being formally launched on Wednesday, does not contain the infringing code.

That leaves Microsoft with few options — none of which will impact the IT world soon beyond the changes that have already been ordered by the courts. However, the case could ultimately affect how patent cases are handled and could help to jump start software patent reform long term.

“We are disappointed, but there still remain important matters of patent law at stake, and we are considering our options to get them addressed, including a petition to the Supreme Court,” Kevin Kutz, Microsoft director of public affairs, said in an e-mailed statement. Of course, Microsoft could decide to drop its appeals, but that doesn’t seem likely at this point.

In the meantime, i4i is savoring another victory in its battle with Microsoft.

“The patent office did a very exhaustive review … [and] clearly this is a welcome decision,” Loudon Owen, chairman of i4i told chúng tôi The USPTO sent i4i a Notice of Intent to Issue [an] Ex Parte Reexamination Certificate on April 28, and a Reexamination Certificate is pending, Owen said.

After the initial loss in district court, Microsoft filed an appeal, which it lost. It then asked the entire appeals court to hear its appeal “en banc” — meaning by all the judges in that appeals court circuit instead of just the original panel of three judges.

The appeals court denied Microsoft’s petitionfor an en banc rehearing in early April.

Now, Microsoft’s flanking move to try to have the patent itself declared invalid has also been stymied.

That leaves the possibilities of settlement negotiations or a petition to the U.S. Supreme Court. Currently, the latter appears to be more likely than the former.

Stuart J. Johnston is a contributing writer at chúng tôi the news service of chúng tôi the network for technology professionals.

Cfa Alum Strikes Deep Chord With First Four Notes

CFA Alum Strikes Deep Chord with First Four Notes Book looks at world through Beethoven’s Fifth

In his book The First Four Notes, Matthew Guerrieri (CFA’97) explores the far-reaching significance of the famous opening of Beethoven’s Fifth Symphony. Photo by Michael Lionstar

In the two centuries since Ludwig van Beethoven wrote his Fifth Symphony, the piece’s iconic opening has etched itself into the human imagination. Those first four notes have become a kind of Rorschach test for a never-ending parade of musicologists, historians, and biographers speculating on Beethoven’s intentions.

In his book The First Four Notes: Beethoven’s Fifth and the Human Imagination (Knopf, 2012), Matthew Guerrieri takes readers on a wild, whimsical 277-page ride as he ponders the famous notes by pulling in far-flung references, from Steve McQueen to Napoleon Bonaparte to A Clockwork Orange to Unitarians. Although he plunges deep into the social, political, and musical world of the Romantic period, Guerrieri (CFA’97) doesn’t shy away from contemporary pop culture. Somehow, it works.

The book has earned widespread critical acclaim and landed Guerrieri, the Boston Globe’s classical music critic, an appearance on the The Colbert Report. In Leon Botstein’s Wall Street Journal review, he writes: “With a quick mind and wit, he traverses two centuries of musical culture, literature, and politics with uncommon authority.” Publisher’s Weekly notes that Guerrieri “clothes his erudition in lucid, breezy prose…the result is a fresh, stimulating interpretation that shows how provocative the familiar classic can be.”

BU Today spoke with Guerrieri recently about the power of those four notes, the enduring mystique of the Fifth, and why no words written on the subject will be the last.

BU Today: An NPR piece on your book refers to the opening of Beethoven’s Fifth Symphony as “the most well-known notes in classical music.” Do you agree?

Guerrieri: I do. What makes them so particular is they’re probably the four notes of classical music that most people who aren’t even part of classical music would know. They have some sense of who Beethoven was and why the piece is famous. The piece has acquired a fame that’s transcended even the experience of the piece itself in a way.

You write a lot about how the symphony begins “literally, with silence,” an eighth rest that translates into a beat given by conductors. But when Beethoven wrote the symphony, there were no conductors. What was he up to?

There were no conductors, but somebody would have gotten it started, usually the concertmaster. The rest is there almost for housekeeping. It’s there because you have to fill out the bar. Beethoven could have started it as just a three-note pickup. But he decided to put the rest in for whatever reason, and probably didn’t think nearly as hard about it as I did. There’s this thing that happens right before the notes that’s in the score, that you don’t actually hear, just a sort of a little intellectual takeoff. It was too much fun to resist. But it is there to indicate this downbeat. And there’s this tradition with Beethoven’s Fifth that you’re supposed to get it started giving one beat, which happens to follow exactly where that rest is, so even the rest has become more important probably than Beethoven intended.

Did the idea for the book hit you like a bolt of lightning or did it germinate for a long time?

Actually, it wasn’t my idea. It was an editor’s idea, a man named Marty Asher, who at the time was working at Knopf. And he had this idea that there was a small book there. I ended up delivering a lot more book than he expected, and even that amount of material was really pretty much only scratching the surface of Beethoven and the history of the reception of this piece. I mean, it was a better idea than even he had thought. I was attracted to the idea just because of the sheer variety of angles you could come at it from. Everybody seemingly who’s ever listened to the Fifth Symphony has felt compelled to write something down about it. And the fact that from generation to generation, everybody has felt the need to take stock of it in terms of their own era also just makes it this wonderful timeline.

In what ways was Beethoven a pioneer?

Musically, he was an incremental innovator. It’s very easy to trace what he’s drawing from the previous generation, from Mozart, who he loved, and from Haydn, who he actually studied with for a time, although they didn’t really get along. The reviewers talk about the fact that with Beethoven, there’s so many more notes, or, there’s so much more going on. The ideas are coming just a little bit faster or a little bit more abruptly than they’re accustomed to. But still, there’s this idea that he’s very much drawing on the previous generation. I think what makes him such an innovator is that he just never settled. He said, you know, I’m finally there. Because even just tracing his own career, the Fifth Symphony is so different from the music he wrote as a young man. In turn, the music he wrote late in his life is so different from even the Fifth Symphony. He never really stopped.

You also paint him as a self-promoter. Did you come to like Beethoven as a person?

Well, parts of him. There are very attractive parts of his personality. There are very unattractive parts of his personality, partially because of who he was and partially because of his reputation and his fame. Those tendencies on both sides tend to be somewhat amplified. You read stories going around of him spurning royalty and even insulting royalty in a way that sort of promoted the equality of men. And that’s somewhat overstated. His own family life was terrible. He seems to have been able to lose friends with great skill. Reading Beethoven’s biography, in a lot of ways, is just watching him having one falling out after another with all manner of people. He certainly seems to have been an incredibly irascible person and a very stubborn person. So it’s hard to say. Would I have liked him as a person? Probably. Would he have liked me? That’s another story.

The book, by necessity, sort of dances around the truth, doesn’t it?

One of the things that fueled the Fifth Symphony’s fame was the fact that there are so many stories about it, so many anecdotes about it, so many things that Beethoven supposedly said about it, and the stories themselves are really squishy in terms of what we would think of as historical veracity. The most famous one is this idea that Beethoven called the opening four notes the sound of fate knocking at the door, which is a very suspicious story, because it comes from Anton Schindler, who was a very suspicious, and the only, source for that story, which didn’t come out until about 10 years after Beethoven died. And yet immediately people adopted it, because it’s such a good story. I mean, if Schindler made it up, you’ve got to give him credit.

Tell us how you researched the book.

I actually didn’t do very much traveling for it. I am lucky enough to live in an era when the digitalization of a lot of these stories and sources is proceeding apace. But also, a lot of it I was just able to look at on microfilm. So it was thanks to a previous, less glamorous information revolution, which involved this massive microfilming of everything in every library all over the place over the past 50 years. So the fact is that I can go to a library in Boston and be looking at a microfilm of the original manuscript of the Fifth Symphony; it was a little bit of armchair traveling, which was a bit surreal.

Much has been written about when Beethoven became deaf. Is that really a big deal in your mind?

I don’t think it’s that big a deal. It’s an interesting story, because of the persistence of the idea that he went suddenly, immediately, and profoundly deaf, that he was struck deaf, which is in some ways more dramatic and in some ways less dramatic than the actual story. The actual story is that his deafness was progressive. And he first noticed it when he was quite young, and it deteriorated over a period of many years, which from a biographical standpoint is much more interesting. Because if you follow Beethoven through his life, you can see him gradually coming to terms with the fact that he’s going deaf, even before he finally reaches that point of being completely deaf.

A critic has written that your book restores a sense of beauty, wonderment, and profundity to classical music. Was that your intention?

I don’t think there’s any getting around the fact that we live in an era when the primary way that most people interact with music is passive. We’re passive listeners. There’s a lot of music in the culture that’s specifically designed to be listened to in a more or less passive way, which is not to say that that music can’t yield a lot of really beautiful things when you listen to it in a more active way. I don’t know if the book does this at all. But I would be very happy if it did in some small way encourage people to listen to music, listen to this piece, listen to any piece in a really active way, in a really engaged way, knowing not only that there is this wealth of ideas and history behind any piece of music, classical, pop, or whatever, but also that their own life of ideas and their own life of the mind can also be brought into that experience and can enrich that experience.

What’s it like for you now listening to the Fifth Symphony?

You know, the nice thing for me was, I don’t remember when I first heard it. There are a lot of pieces that I remember the first time I heard them, but the Fifth Symphony has always just kind of been there, which meant probably I came to it the way that most people, musicians or nonmusicians, come to it. It’s just always been part of the culture. Immediately after writing the book, I said, okay, I’m not listening to it for six months at least. But now I hear it, and even before the piece starts, I can sort of cycle through all the collected conventional wisdom of the piece and review it all, reject it all, and then try and come to the piece fresh.

It’s a great piece of music. And you know, in a good performance, no matter how familiar you are with it, it still has an effect. I think it also helps that I tend to have a poor memory, which is kind of bad for a pianist. It’s actually one of the reasons I spent a lot of my time playing for singers, because you didn’t have to memorize the music, which I was always very bad at. But it’s sort of like, every time I hear a piece, even a piece this familiar, there will always be something about the piece I’ve forgotten.

Enable Svg Thumbnails In Explorer In Windows 11/10

Although Windows 11 and Windows 10 show the default SVG opening app, you can show the SVG thumbnails in File Explorer using this tutorial. It is possible to enable SVG thumbnails in File Explorer in Windows 11/10 with the help of Microsoft PowerToys.

Scalable Vector Graphics or SVG is pretty popular among graphics designers, who often design icons. If you download an SVG icon from any source or create an icon in SVG format, it displays the default SVG opener’s icon as the thumbnail. It may create issues when you have a lot of icons in one folder with generic names and want to find one of them quickly. You need to open all of them one after one to find the designed file.

If you want to get rid of this problem, you can enable the thumbnail or thumbnail preview in File Explorer so that you can find the find whenever needed. If you do so, you do not need to open all the files to find the specific one. The good news is that you can enable the thumbnail preview for SVG files using Microsoft PowerToys. If you already have it on your computer, you no longer need to download it. However, if you do not have the app installed, go ahead and first install PowerToys on your PC.

What is an SVG File?

An SVG (Scalable Vector Graphics) file contains shapes, colors, and text described using XML-based text. It is easy to edit SVG files with vector-editing software because they are highly scalable, can be resized without losing quality, and can be easily resized without losing quality. As a result, they are handy for creating dynamic, responsive images and logos for web design. Web-based applications, animations, and interactive graphics can also be created with them.

Enable SVG Thumbnails in Explorer in Windows 11/10

To enable SVG thumbnails in Explorer in Windows 11/10, follow these steps:

Open SVG Preview PowerToys on your computer with administrator privilege.

Switch to the File Explorer add-ons tab on the left side.

Toggle the Enable SVG (.svg) preview button to turn it ON.

Toggle the Enable SVG (.svg) thumbnails button to turn it ON.

Let’s check out these steps in detail.

To start, open the Microsoft PowerToys app on your computer with administrator permission. After that, switch to the File Explorer add-ons tab visible on the left side.

Here you can find two options – Enable SVG (.svg) preview and Enable SVG (.svg) thumbnails. If you want to turn on the thumbnail in the preview pane, toggle the Enable SVG (.svg) preview button to turn it on.

On the other hand, if you want to enable the SVG thumbnail preview in the File Explorer, toggle the Enable SVG (.svg) thumbnails button to turn it on.

Now, you can open the SVG icon folder to find the change.

How to edit SVG files in Windows?

Editing SVG files in Windows can be easily accomplished using an SVG editor such as Justinmind, Sketsa SVG Editor, Inkpad, iDesign, Adobe Illustrator Draw, and more. While Windows allows you to view SVG files, there is no default editor. You will need to depend on third-party software such as these to edit the file.

That’s all! I hope this guide helped.

10 Best Digital Marketing Agencies In Lakhisarai In 2023


Demand for digital marketing agencies in Lakhisarai is increasing and booming as several industries seek professional expertise from agencies to improve their online presence, visibility, and user engagement.

Because of the increased demand, many digital marketing firms can assist businesses in achieving their goals through digital marketing strategies.

You’ve come to the right place because we have exactly what you want!

The Rise of Digital Marketing in Lakhisarai

Lakhisarai is one of the best places to see the rise of digital marketing. If you are planning a product launch campaign or attempting to build a brand, you can find an agency to help you.

Most Lakhisarai digital marketing companies provide full-service SEO, graphic design, web development, multimedia, augmented reality, and virtual reality solutions.

Disclaimer: All the digital marketing agencies and the information listed were taken from various sources on the Internet and can be changed at the agency’s convenience. We do not take any responsibility if the information mismatches. So please cross-check the information from their website once before you take any further action.

Top 10 Digital Marketing Agencies in Lakhisarai – 2023 Shortlisted

Now, let’s dive into each digital marketing agency in Lakhisarai, which are as follows:

1. echoVME Digital

echoVME Digital is a leading digital marketing firm. The team comprises young people who curate the best digital strategies for businesses of all sizes.

They go to great lengths to provide the best digital marketing services. echoVME Digital provides a comprehensive marketing strategy incorporating SEO, social media marketing, search engine marketing, and corporate blogging.

Services Offered: 

Social Media Marketing

Influencer Marketing

Website Development

Branding Strategy

Search Engine Optimisation

Performance Marketing

Event Marketing 

Video Production

Instagram Marketing

Digital Consultancy

They also provide online digital marketing courses through their educational extension, Digital Scholar.

Digital Scholar, founded in 2023, is an excellent resource for anyone interested in learning more about digital marketing and evolving as a top-notch digital marketing professional.

Social Profiles of echoVME Digital






Google Reviews & Ratings of echoVME Digital- Digital Marketing Agency

echoVME has over 137 Google reviews. echoVME ratings as per Google Business Profile is 4.1/5, and Ambition Box rating is 4.8/5.

Agency Information

Below are the contact details for the digital marketing agency – echoVME Digital by contacting or mailing them (they will get back to you at the earliest between working hours).

Want a complete audit report and strategy plan for your brand?





2. Gudsoft Digital Solution

Gudsoft Digital Solutions is a website design, digital marketing, and graphic design firm based in Ara, Bihar.

The following are the services offered by the company: 

UI UX Design

Website Development


Social Media

eCommerce Store

Tech Support

Google Reviews & Ratings of Gudsoft Digital Solution- Digital Marketing Agency in Lakhisarai, Bihar

Gudsoft Digital Solution has over 11 Google reviews & Google Business Profile rating is 5/5.

Agency Information 3. Digital Renu

Digital Renu is an Indian digital marketing agency. They strive to achieve creative ideas for your business with a team of professionals and creative thinkers.

Their goal is to achieve your business objectives and develop digital marketing strategies to expand the client’s company’s horizons.

They aim to help you achieve your business objectives and develop digital marketing strategies to expand your company’s horizons.

They are a young company founded in 2023 with enthusiasm, dynamism, and analytical minds.

Agency Information 4. Webforest Digital

They made an effort to always prioritize customer satisfaction over competitors.

Google Reviews & Ratings of Webforest Digital- Digital Marketing Agency in Lakhisarai, Bihar

Webforest Digital has over 12 Google reviews & Google Business Profile rating is 4.7/5.

Agency Information 5. Techie Desk

It is another prominent and one of the best digital marketing agencies in Lakhisarai, known for having top-notch experts and professionals in the field of digital marketing.

Google Reviews & Ratings of Techie Desk- Digital Marketing Agency in Lakhisarai, Bihar

Techie Desk has over 70 Google reviews & Google Business Profile rating is 5/5.

Agency Information 6. share2all

It is one of the prominent and best digital marketing agencies in Kathiar, which offers 360-degree marketing solutions.

They offer the best SEO, online marketing, landing page content, and website development services, with no hidden charges to garner 100% client satisfaction.

Agency Information

Contact DetailsWebsiteshare2all.inPhone No.+91 [email protected] Rd, Barmasia Power House Colony, Barmasiya, Katihar, Bihar 854105

7. Anytechinfo

It is one of the finest digital marketing agencies in Lakhisarai, offering numerous digital marketing services in Bihar.

It comprises a group of passionate professionals, and instructors, that deliver satisfactory results to their clients.

The agency has a team of highly experienced specialists who work hard to create strategies that help businesses rank higher and gain a competitive edge over others.

Agency Information

Contact No.+91 9507334583EmailN/AAddressHemanpur, Bakhri, Bihar 848201, India

8. Vinayak Media

Vinayak Media is a leading Digital Marketing Firm in Bihar. They provide small and large businesses with content marketing, App Store Optimisation (ASO), Search Engine Optimisation (SEO), Social Media Optimization (SMO), Social Media Marketing (SMM), Search Engine Marketing (SEM), website design and development, and much more.

Google Reviews & Ratings of Vinayak Media- Digital Marketing Agency in Lakhisarai, Bihar

Vinayak Media has over 10 Google reviews & Google Business Profile rating is 5/5.

Agency Information 9. Achievers IT Solutions

It is a well-known digital marketing agency that assists businesses in going digital!

Achievers IT Solutions is the best Digital Marketing Company in Bihar for making businesses visible on the internet.

They offer result-driven 360-degree Internet Marketing services for your company.

Agency Information 10. DP Web Solution

They provide services in East Champaran, Motihari, Bettiah, Raxaul, Dhaka, Chakiya, Gopalganj, Siwan, Sheohar, Sitamarhi, Muzaffarpur, Patna and also in other locations in Bihar, India.

Contact Information No.+91 8709124949EmailN/AAddressAzad Nagar, Ekauna, near Baudhi Mata Mandir, Balua, Tall, Motihari, Bihar 845401

If you feel we have missed a digital marketing agency that you want to see on the list, then you can reach out to us at [email protected]


As the name suggests, these are the best digital marketing agencies in Lakhisarai, offering 360-degree marketing solutions that ensure satisfactory results, improve conversions, and much more.

Find an agency that meets your requirements by comparing costs, experience, current clientele, and approach.

If you’re looking for a digital marketing agency to help take your company to the next level, echovme is one of the best options. Consult echoVME Digital today which helps any size of business generate more than 3x ROI by offering excellent digital marketing services.

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