Takeaways from Demystifying Eye Tracking for UX Research

first_imgAt today’s User Experience Professionals Association webinar, Laura Rivera shared her lessons learned from eye tracking research. Rivera is a user experience (UX) researcher at Facebook and has been instrumental in getting their eye tracking capabilities fine-tuned for mobile. Here are my takeaways from her presentation. Why You Should Use Eye TrackingWhile there are many other UX research methodologies, eye tracking helps your answer questions by directly measuring someone’s behavior. For example, how would you know if a user is looking at a specific area without eye tracking?The think aloud method would never reveal it.Eye tracking allows you to discover:Where is someone looking?How long did they look at it?Did the fixate on it?Did they read itEye Tracking Can Be IntimidatingWhen UX researchers consider eye tracking, their first thought is that it’s intimidating. And that’s how Rivera first thought of it. It takes considerable time to conduct the research and then do rigorous time-intensive analysis.But Rivera pointed out that you can use eye tracking in a qualitative manner, which is less time-consuming and less difficult. Lessons Learned From Eye TrackingDo your homework.Talk with other researchers who’ve conducting eye tracking research. Review eye tracking resources, including Eye Tracking in User Experience Design by Jennifer Romano, Andrew Schall and Eye Tracking the User Experience by Aga Bojko.Consider the equipment and software you’ll be using.Check out the different options for eye tracking (Rivera has used Tobii for her research). Consider what you will use for desktop vs mobile eye tracking. Choose your study wisely.Consider your questions, the platform you’re testing on, and areas of interest. You’ll also need to decide when not to conduct eye tracking.Give yourself enough time to conduct eye tracking.It takes time to set up eye tracking. You’ll need to test the equipment,software, to ensure everything is working as expected. Conduct a pilot run. Allow extra time for analysis. Here’s an example of an eye tracking schedule over a two week period. In the first week, on Monday: finalize research plan; on Tuesday: set up/conduct pilot session; on Wednesday: test analyses/revise as needed; on Thursday and Friday: conduct sessions.In the second week, on Monday through Wednesday: conduct analysis; on Thursday and Friday: report findings. Make backup plans.Have extra participants (for your pilot and regular sessions). Create a backup usability protocol, in case your equipment or application doesn’t work. Livestream your sessions to stakeholders. Ask someone on your team to score participants for you (really helpful to better understand if the participant saw the message, read the message, acted on the message, include any meaningful notes)Consider logistics.Use a stationary chair, not a rolling chair (rolling chairs make it difficult to calibrate someone’s eyes, and then the participant moves the chair back). Consider a divider screen, if you think the participant will look at you during the session. Plan ahead.Don’t panic if something doesn’t go as expected. Have a backup plan in place. The webinar will be posted, with captions, in about a week. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Like this:Like Loading…RelatedEye Tracking: How Your Eyes Move on a Website [Infographic]Given the two eye tracking events in the Detroit area today (this morning’s demo and tonight’s presentation), I thought you might enjoy the eye tracking 101 infographic created for Crazy Egg by Simple Grain highlighting analysis results and design tips to improve website user experience. Key Takeaways 69% of users’…In “User experience”Weekly Roundup of Web Design and Development News: July 14, 2017In this week’s web design and development news roundup, you’ll learn how to design for touch, find out about the accessibility of the future WordPress editor, discover new features coming to Google Forms, and more. If you’re new to my blog, each Friday I publish a post highlighting my favorite…In “Web design & development links”Weekly Roundup of Web Design and Development News: July 21, 2017In this week’s web design and development news roundup, you’ll learn how to make your videos accessible, discover how to implement webmentions, get an inside look of the WordPress Theme Review Team, and more. If you’re new to my blog, each Friday I publish a post highlighting my favorite user…In “Web design & development links”last_img read more

Football star bags Mandela award

first_imgRenowned football player ClarenceSeedorf with his Legacy Champions award. Seedorf says the moments he spent withNelson Mandela will remain with himforever.(Images: Lauren Mulligan for NelsonMandela Foundation The Dutch-Surinamese player is regardedas one of the best in the world.(Image: Clarence Seedorf officalwebsite)Khanyi MagubaneRenowned Dutch football player Clarence Seedorf has joined A-list personalities in becoming the latest celebrity to be named one of the Nelson Mandela Foundation’s Legacy Champions.The sporting legend jetted into South Africa in early June to receive the award for his humanitarian work through his charity organisation Champions for Children.The organisation is set to open a Champions Playground, a multi-functional sports complex for children in Cape Town.The sports centre will be built in Manenberg and is to be inaugurated during the 2010 Fifa World Cup.The project is a joint venture between Seedorf’s organisation, the Nelson Mandela Foundation, the Italian university Università Cattolica del Sacro Cuore and the University of the Western Cape.During his short visit Seedorf met with former president Nelson Mandela on 5 June, which according to his online blog, was a special moment in his life, “It was a very special day today. For my whole life I have been inspired by his life and work. It is an honour for me to have become a Legacy Champion.”In addressing the media following the meeting between Seedorf and Mandela, Nelson Mandela Foundation chief executive officer Achmat Dangor said he was proud that the soccer legend is now part of the foundation.“Clarence Seedorf can count himself among those who will help ensure that this organisation, founded by Mr Mandela himself in 1999, will become financially independent, ensuring that it continues to promote Madiba’s vision, values and work.”Seedorf joins high profile Legacy Champions members including former US president Bill Clinton, mining magnate Patrice Motsepe, minister of human settlements and former businessman Tokyo Sexwale and tycoon David Rockefeller.Using fame for good workThe name Clarence Seedorf is synonymous with prestigious football clubs around the world such as Ajax Amsterdam, the notable Italian team AC Milan, Spain’s Real Madrid and top English club Chelsea.He started playing football in the early 1990s, but his big break came in 1994 when he became the youngest player to join the Ajax Amsterdam first team at the tender age of 16.Since then, the 33-year-old’s meteoric rise in the football fraternity has been nothing less than stellar.Regarded as one of the top players in the world, Seedorf’s trophy collection includes four Champions League winner’s medals, two Fifa Club World Cup trophies and a Union of European Football Associations (Uefa) Super Cup.He is the only player in history to have won the Uefa Champions League with three different football clubs.In the Dutch leagues, he has four domestic league titles, and three domestic super cups.According to the football star’s website, no Dutch player in history has won more silverware than Seedorf.To add to his accolades, at the 10th annual Uefa Club Football Awards in 2007, Clarence was recognised as Europe’s best midfielder. The same year, he was awarded a Torretta award for best European athlete.Aside from his sporting achievements, Seedorf is perhaps most regarded for his humanitarian work.Growing up in the small former Dutch colony Suriname, the smallest country in South America, Seedorf grew up with a dream of becoming a football player, despite being told that he couldn’t because of his weak lungs.According to his official blog, he learned at an early age what it meant to hope and dream, and that he wanted to share this with others. “From my days as a child, watching famine strangle Ethiopia, I made a promise to myself to do whatever I could to help those, and others, when I was old enough, and had the means to do so.”Preserving the legacy of Nelson MandelaAccording to its website, the Nelson Mandela Foundation “contributes to the making of a just society by promoting the vision, values and work of its founder and convening dialogue around critical social issues.”In 2006, the foundation, with the help of the Centre of Memory and Dialogue, adopted a two-pronged strategy.The memory programme will deal with documenting the life and times of Mandela, through its records and documentation unit.It locates scattered material on Mandela, with the objective of ensuring that all resources linked to Mandela are presented in a way that preserves his memory.The dialogue programme will deal with developing and sustaining a dialogue platform, in line with its founder’s legacy.The centre of dialogue will encourage South Africans to speak to each other in a manner where every person’s voice is heard, regardless of their background, race, or political affiliation.As part of its dialogue series, the Nelson Mandela lecture is held annually at the foundation.This year, 2006 Nobel Peace Prize winner professor Muhammad Yunus delivered the seventh lecture on 27 May.He delivered the lecture on the topic “Investment in the marginalised as a way of creating wealth and combating poverty.”Prof Yunus is a distinguished scholar and businessman and the founder of the Grameen Bank in Bangladesh in the 1970s. The bank now operates in more than 100 countries.He has received over 70 major international awards for his work and has 29 honorary degrees under his belt.Do you have any comments or queries about this article? Email Khanyi Magubane at: khanyim@mediaclubsouthafrica.com  Useful linksNelson Mandela FoundationClarence Seedorf official websiteChampions for ChildrenRepublic of Surinamelast_img read more

StumbleUpon for iPad: Like a Magic Carpet Ride for Your Brain

first_imgRelated Posts Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting When the iPad was launched, people across the geek-o-sphere condemned it as a dumb chunk of glass “for consumption only” – a tool incapable of facilitating content creation and possibly a threat to the future of human creativity. “The iPad is an attractive, thoughtfully designed, deeply cynical thing,” wrote Alex Payne. “[If] I had an iPad rather than a real computer as a kid, I’d never be a programmer today.” That may very well be, but the new iPad app that popular web exploration network StumbleUpon released this week goes a long way towards compensating for whatever risks to creativity that the device poses. If you’ve got an iPad, I think it’s a must-have app. That’s true for everyone, including for kids. If you’re not familiar with StumbleUpon, here’s the gist of how it works: you select categories of topical interest (games, art, cooking, politics), then you click the Stumble button. A seemingly random web page, photo or video is served up underneath the StumbleUpon toolbar. You can give that page a thumbs up, down or just click the Stumble button again. The service then serves up another page that people who have expressed the same interest in your previously viewed content have said that they like – it learns from you in order to make recommendations.Then you click, click, click the Stumble button while zipping around the web, jumping up and down and clapping like a schoolgirl. At least that’s the way it works for millions, if not tens of millions, of StumbleUpon users. It’s like Pandora for web content. Now it turns your iPad into a magic carpet ride all around the web – and you’ll only be richer for it.MG Siegler at TechCrunch says the new StumbleUpon app is the kind of perfect lean-back experience that the iPad was made for. I think that’s true, but I think there’s more to it than that.Stumble vs TwitterBefore The Great Twitter Explosion of 2010, we wrote in early 2009 that StumbleUpon had quietly built a userbase that was twice the size of Twitter’s – without any media coverage or celebrity endorsements. By all appearances, Stumble hasn’t grown nearly as fast and Twitter is now more than 10 times as popular.That may be because the celebrities so into Twitter have little interest in promoting StumbleUpon. Stumble may arguably be deeply hedonistic, but it’s not particularly narcissistic. Twitter, for all its wonderful qualities, is probably the height of narcissism. That the freedom that comes from learning, communion, serendipity and the other positive qualities Stumble offers is not as popular as all the things Twitter offers is not at all surprising. Even though both are about social discovery of content of interest, they are very different services.I think that the Stumble experience is one of the rawest forms of the read-write web around. What the user is writing is their own “taste graph” – a stream of signals concerning their interests that is then used as a platform for development. Today it’s mostly used to serve up more webpages, but in the future the taste graph could be used to offer recommendations and other services concerning all kinds of things. That’s the theory behind mildly competitive service Hunch, for example.Stumbling Into FreedomWhat does the user get, as a result of writing that personal interest graph? They get serendipity and an expansion of their horizons. Freedom lives within many constraints but one of the most important is our own understanding of what’s possible. By building on top of what we know and like – then quickly expanding out around the related web, StumbleUpon helps us comfortably and enjoyably explore a much larger portion of the web than we might otherwise ever see. One critique of the app: I really wish it showed the URLs you were visiting. URLs are important: to avoid spoofing, to learn about domains, to understand the structure of sites.StumbleUpon is neither wholly inside nor outside the long-feared silos of like-minded thinkers and their online content, either. It’s a great mix of the known and the unknown.The service places less emphasis on recency than any human editor you’ll find, too. It’s unafraid to serve up years-old classic videos side-by-side with news from the same day. In order to most effectively create, we need to know what’s possible. Familiarity with prior art isn’t necessary for everyone and everything – but getting out of your own provincial circles online is a mind-opening experience and is generally a big net-positive.That’s what Stumble delivers, now more comfortably and pleasingly than ever before – on an iPad: a powerful instrument of freedom.center_img marshall kirkpatrick Tags:#Product Reviews#web 8 Best WordPress Hosting Solutions on the Marketlast_img read more

You don’t want vendor lock-in: 5 rules for a real world solution

first_imgIn my last blog post I pointed out you can never actually avoid vendor or technology lock-in. This is particularly applicable to the main cloud orchestration tool you use. You have to choose one orchestrator and will want to stay with that choice for quite some time. So, making the right choice is key.As long as clear standards have not emerged you will have to make a choice regarding which technology you implement. Such technology can be provided by a vendor, meaning you trust the vendor, or come from a consortium building open source tools. In that case you are betting that consortium will be a winner moving forward.For some technologies, there are two ways of looking at standards. The orchestration tool is actually an interesting one from that perspective. On the one hand you have the orchestrator itself allowing you to provision, de-provision and run services. On the other you have the configurator, which will explain to the orchestrator what needs to be done for each service. The orchestrator might be proprietary, but if you have a standardized configuration “language”, you are able to shift from one orchestrator to another if you wish to. To stick to my example, you have TOSCA for example standardizing the specification of service automation.Since you can’t ever be fully sure, it’s critical right from the initial choice to look at how the tools you use can interact with the external world. This will allow you down the road to integrate with other environments if your original choice does not turn out. Here are five pragmatic things you better check out early.1. Support of heterogeneous environments (hardware, operating systems and hypervisors)This one is particularly applicable if you choose an integrated cloud environment but should be checked in other situations also.Which server, storage and networking infrastructures are supported by the environment you choose? How easy is it to add infrastructure from a different type? Not only does this allow you to include some of your existing infrastructure in your cloud, but it leaves you the freedom to make alternative choices moving forward.Most applications today are built either on Windows or Linux, but some still use a variety of UNIX type operating systems or even private ones. What OS is used by the applications you are planning to move to the cloud and are those supported by your environment? This is a key question to evaluate.The third element to this step is the hypervisor. Today the majority of the market uses VMWare’s products. But we slowly see a shift to other hypervisors such as Hyper-V and KVM. Costs and technology factors play a role here. Don’t limit yourself to one hypervisor, but make sure your environment supports multiple, giving you the possibility to choose what is best for you. Even if your existing operational systems run on VMWare, maybe you want to use KVM for the development of new applications. Some development tools currently in the market actually allow you to automate the deployment of applications on multiple cloud environments. This allows you, for example, to use KVM for development and most of testing while you run VMWare in production, hence reducing license costs.2. The availability of APIsHow can I interact with the chosen technology? Can I trigger actions from other applications or portals without requiring manual intervention? What do the application programming interfaces (APIs) allow me to do? How well are they documented? How easy are they to set up and use? These questions are fundamental in ensuring the technology is open and gives me the flexibility to evolve as my needs change. A couple API standards are emerging (AWS and OpenStack), but they only address IaaS functionality at the moment. You’ll probably need more.Look at APIs from two ways: incoming and outgoing APIs. Can an external environment trigger an action using the technology and can the technology initiate an action that needs to be taken by an external environment? Here are a couple specific areas to look at:Can I perform all functions available in the portal through programmatic interactions?Do I have the possibility to integrate an external identification/access management environment?Can I integrate with my existing LDAP/Active Directory environment and use its information?Can I use an external approval environment to approve for example the provisioning by a user of a service?Can I integrate an external service in my catalog (we’ll talk more on that a little further in this blog post)This is a non-exhaustive list. Make sure you have yours prior making a choice.3. Template DesignsOrchestration uses templates to define what action to take. Those are typically designed using graphical user interfaces. Obviously, in case you decide to change orchestration tools, the last thing you want is to have to redesign the thousands of workflows or templates you designed. Hence the fact standards are emerging. The most documented one at the moment is TOSCA as I already mentioned. However, we are still in the early days, so we cannot be sure this is going to be it. So, make sure the technology you choose is clearly intended to support a standard. Support of TOSCA is a good proof point.4. Configuring external servicesI often highlight intermediation, aggregation and bursting in this blog. All three require a programmatic interaction with external systems. This implies interactions between the two environments. We already talked about the APIs, their documentation and what they would do. But there is another aspect to look at and this is how the external service can be integrated.Let me give an example. You want to integrate Salesforce.com in your catalog, allowing your users to request access to your CRM environment on Salesforce.com. You will need to describe the service in your catalog, define which users can request access and potentially identify an approval process and a price or charge back for the service. But then, you will need to make sure that, when a user places the request, this request is actually transmitted to Salesforce.com. You will define an orchestration template that will trigger the transfer of the request and check whether it actually succeeded or not. But then you will have to describe how Salesforce is actually triggered. You will use some of Salesforce’s APIs to perform this task. Salesforce makes its functionality available through SOAP and RESTful APIs as described in the documentation.  You will connect an action in your orchestration template with an XML string that is transferred using the API technology chosen. For each action you plan to perform, you will have to configure such action. This is how you build the integration. But obviously you only have to do that once for each external service you plan to integrate.Before choosing a technology, make sure you understand how this can be done, and how effective and secure the communication is.5. CustomizationThe last element to review is the level of customization that is offered. Over the years your users have become familiar with a specific vocabulary and a way of doing things. Can you adapt the portal and the other functionality exposed to the user to something familiar to them? Also remember the questions I raised earlier. You may have a specific identification and access mechanism. Can that one be integrated? You may have your own approval process mechanism; can that one be replicated or integrated? And I could go on like this.Assess how well you can customize the environment to your specific needs.  But at the same time, check whether you can keep the customization when moving from one version of the software to the next one. You don’t want to have to redo everything when you upgrade your software. And in the cloud environment, newer versions of the software are regularly released.ConclusionWhen choosing a specific technology you are locking yourself in, whether you want to or not. Moving to a different one will be painful. So, make sure you are taking the right bet. Choose a technology that allows you not just to address today’s needs, but to grow with them as they evolve. Keep my five rules in mind as they will help you find an environment that can grow with you. And that is probably the most important. Frankly, most often companies change technology because the existing one becomes a bottleneck. Make sure you do not have to do that.- ChristianChristian Verstraete is the Chief Technologist Cloud at HP and has over 30 years in the industry, working with customers all over the world, linking business and technology.Read more of Christian’s blogs herelast_img read more

The Vikings And Ravens Are In For A Rude Awakening

5-411.5 Does schedule strength matter for 3-0 teams? 0-910.0 2-710.8 4-511.3 6-311.5 3-610.9 1-810.9 Opponents’ combined record is through the first three games of the seasonSource: Pro-Football-Reference.com OPPONENTS’ COMBINED RECORDTEAM’S AVERAGE TOTAL WINS The Baltimore Ravens and Minnesota Vikings are both 3-0 to start the year, two of just five undefeated teams remaining in the NFL. But given the way that both teams have played so far, there are a lot of questions about how sustainable their success will prove to be as the season continues.Let’s start with the Ravens. Although 27 other teams wish they had Baltimore’s record, I’m not sure 27 other teams wish they had Baltimore’s team. Being 3-0 is great, but the Ravens have managed to achieve their perfect record while racking up about as few style points as possible.All three of Baltimore’s games have been close, with the team winning by a combined total of just 13 points. And its three opponents were Buffalo, Cleveland, and Jacksonville — teams with a combined 1-8 record, all of whom ranked in the bottom six of last week’s ESPN Power Rankings. In fact, we noted back in July that the forgiving schedule should help Baltimore get off to a strong start.What does history say about 3-0 teams that feasted on bad opponents? From 1990 to 2015, 63 teams started the season 3-0 against opponents that, like Baltimore’s foes, went 1-8 through three weeks.1I filtered out teams that were 3-0 after 4 weeks because I wanted to keep opponents’ records consistent. On average, those teams finished with 10.9 wins — only a little worse than teams who had beaten better opponents: So maybe the Ravens’ easy schedule isn’t a big concern, but it is smart to be worried about their low points differential. The Ravens have the worst points differential of any 3-0 team since the 2004 Jaguars, who eventually finished the season 9-7. From 1990 to 2015, there were 119 teams that went 3-0 through three weeks, and only four of them — the 2004 Jaguars, 1999 Patriots, 1993 Eagles and 1991 Bears — had a lower points differential than Baltimore does this year.If we use a simple linear regression between a 3-0 team’s points differential through three games and its final win tally, we’d expect Baltimore (at +13) to win 10 games, implying that they’d go only 7-6 the rest of the way.2It takes about 36 additional points of differential to translate to one more projected victory. The best-fit formula to project season-ending wins among 3-0 teams was: 9.61 + 0.028 * points differential. (The R-squared was 0.22.) Things were even worse for the 10 lowest-ranked 3-0 teams by points differential: That group averaged just 6.3 wins over the rest of the season. So although Baltimore should be happy with its 3-0 record, a low points differential against a cupcake schedule is enough to fuel skepticism about the team’s chances right now.The Vikings’ success so far is based on equally unsustainable performances. They’ve compiled their 3-0 mark despite gaining only 796 yards of total offense, becoming only the fifth team since 1990 to start 3-0 with fewer than 800 offensive yards.3They joined the 2012 Cardinals (787 yards through three games), 2004 Jaguars (654), 1998 Dolphins (750) and 1990 Raiders (793). Only one other team this year has played three games4The Saints, who have 795 yards of offense, play their third game of the season tonight. and produced fewer than 800 yards of offense: Los Angeles, with 788 — and it’s never a good thing to be compared with the Rams’ lowly offense.Minnesota ranks last in rushing yards per game and rushing yards per carry, so the running game hasn’t powered the Vikings’ undefeated start. The offense is also in the hands of quarterback Sam Bradford, who hasn’t managed many long stretches of competent play over his career. So how have the Vikings raced out to 3-0?Bradford has a passer rating of 107.8 this year, far above his career rating of 81.6, but two games of solid play don’t overshadow a career of underachievement. (His 22nd-place ranking in Total QBR also suggests that his lofty passer rating will come down to earth soon.) The biggest reasons for Minnesota’s success, then, have little to do with the offense and a lot to do with a fluky scoring performance from its defense and special teams, as well as a sky-high turnover margin.In terms of fluky scoring, so far this season, Minnesota has scored as many return touchdowns5Defensive and special teams touchdowns, which come from punt and kick returns as well as from fumbles and interceptions. (three) as it has offensive touchdowns, and that trend is unlikely to continue. Even good defenses and special-teams units can’t produce return touchdowns every week. Last year, Seattle and Arizona were the only teams with at least three return touchdowns through three games, and they combined for just five more the rest of the season. Digging deeper into history, from 1990 to 2015, there were 22 teams with exactly three return touchdowns after three games, and those teams averaged only 3.3 more return touchdowns the rest of the year.As for the turnovers, the Vikings have an NFL-best +8 margin in that department through three weeks, and that trend is also unlikely to continue. From 1990 to 2015, 74 teams had a +6 or better turnover margin through three weeks. On average, those teams averaged +7.1 more takeaways than giveaways through three games, but they finished the year with a +9.5 margin. That means that over the remaining 13 games, those teams only had about 2.4 more takeaways than giveaways. Some of the Vikings’ early-season success has been built on performances that are simply not sustainable.The good news for Minnesota? Last year’s Broncos showed that a defense-driven team can still win a Super Bowl, even when paired with a below-average offense. The Vikings’ defense leads the NFL in sack rate, and the run defense is allowing a mere 3.5 yards per carry. So it would be unfair to describe Minnesota’s 3-0 start as entirely fluky, even if that’s an accurate term for how the team has scored half of its touchdowns. That said, the Vikings have just two runs of 10 or more yards this year, tied with Jacksonville for the fewest in the NFL, and zero runs of 15 or more. And with only six passing plays of at least 20 yards, Minnesota ranks among the bottom three in the NFL in that category, too.In other words, despite their 3-0 records, Minnesota and Baltimore are each playing with no margin for error right now. Eking out close victories or winning with turnovers and returns can work for a short while, but both methods are cause for plenty of doubts about the teams’ ability to be serious title contenders.CORRECTION (Sept. 26, 11:15 p.m.): An earlier version of this article misstated the number of games that Sam Bradford has played through the first three weeks of the NFL season. It was two games, not three. read more

Warbug Pincus others eye stake in Catholic Syrian Bank Report

first_imgA bank staff member hands Indian 500 rupee notes to a customer on November 24, 2016, in the wake of the demonetisation of old 500 and 1000 rupee notes in Mumbai (representational image).INDRANIL MUKHERJEE/AFP/Getty ImagesThree months after talks for a stake sale to Canadian billionaire Prem Watsa-controlled Fairfax Holdings failed to materalise, other PE investors are eyeing a stake in Catholic Syrian Bank (CSB).”Yes, we are talking to a new set of investors. Hopefully, within a few weeks, we should be able to start exclusive dialogue with one of them,” the Economic Times (ET) quoted a person familiar with the development, as saying. Also read: Catholic Syrian Bank mulls IPO, again The daily referred to US private equity (PE) firm Warbug Pincus, InCred Finance and Aion Capital as interested to acquire a controlling stake in the Thrissur-based, 97-year-old bank.It may be recalled that talks between the bank and Fairfax Holdings for selling 51 percent stake to the latter were called off over differences in valuation. A Bloomberg report in May this year said that the bank’s share was valued at about Rs 165-200 apiece and Fairfax Financial was offered at a 15 percent premium to the price for acquiring controlling stake.The latest report of PE firms reportedly in talks with the bank to acquire a stake comes even as the Mint had reported last month that CSB was also planning an initial public offering (IPO).AION Capital Partners is a joint PE fund sponsored and run by Apollo Global Management India Advisors Private Limited and ICICI Venture Funds Management Company Ltd., according to the VCCircle.CSB was formed on November 26, 1920, and commenced business from January 1, 1921, with a paid-up capital of Rs 45,270. Currently, it has 430 branches and 240 ATMs in India.In the past few years, very few unlisted banks have approached the capital markets to raise funds, the most prominent being RBL Bank, apart from small finance banks such as AU Small Finance Bank. Another privately-held lender that was in the news in the recent past was Tuticorin-based Tamilnad Mercantile Bank (TMB).TMB issued bonus shares in the ratio of 500:1 (500 equity shares for every one Rs 10 share held) to its eligible shareholders, for which the record date was May 25, 2016.If that sounds unbelievable, here is more. TMB paid an interim dividend at the rate of 14,000 percent, or Rs 1,400 per equity share, for the financial year 2015-16, followed by a second interim dividend of 4 percent.In 2014-15, the bank paid Rs 1,600 per share as dividend in two instalments, same as in 2013-14.The bank was established by Nadars, a community in Tamil Nadu, as The Nadar Bank Ltd. in 1921 and was later renamed as Tamilnad Mercantile Bank on November 26, 1962.last_img read more