Cyber Media has acquired 100 per cent stake in United Business Media LLC for an undisclosed sum.
United Business Media will become a subsidiary of Cyber Media. UBM LLC will continue to provide services to support and enhance the products and services being delivered by CyberMedia.
Formerly a 50:50 JV, UBM-CyberMedia LLC has been publishing a monthly magazine Global Services, a website www.globalservicesmedia.com and produces events for the global outsourcing and off-shoring community.
All products and services are published under the brand name of global services and endeavor to facilitate the global outsourcing industry by providing information and relevant platforms for buyers and sellers of professional services.
The magazine has a print order of 30,000 amongst buyers of professional services in North America and Western Europe, the website attracts 21,000 unique and relevant professionals every month; and the joint venture has conducted close to 10 successful events bringing together this community.
The global services team will continue to remain co-located in the US and India. It has a presence in other service provider and buyer geographies through a network of freelancers and consultants and this will be strengthened in the immediate future.
“CyberMedia is the specialty media player in South Asia and has embarked on a global expansion plan – Acquiring the entire equity in this joint venture is a part of this larger plan to ensure that CyberMedia's global footprint in the specialty media space,” said Pradeep Gupta, Chairman CyberMedia Group.
Source: Economic Times