Cyber Media India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 26, 2008 to September 02, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on September 02, 2008.
Cyber Media India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has recommended, subject to the approval of the shareholders, an equity dividend of 5% (five percent) for the year ended March 31, 2008 to be distributed to all the shareholders as at the start of the book closure. This will entail a payment of Rs 5,000,621/- at the rare of Re 0.50 per share (exclusive of dividend tax of Rs 849,856/-).
Cyber Media India Ltd has informed the following Press Release:
“United Business Media LLC (UBM) & Cyber Media India Ltd on April 04, 2008 has announced that Cyber Media has acquired the entire equity in UBM-CyberMedia LLC for an undisclosed sum and that the business will become a wholly-owned unit of CyberMedia doing business as CyberMedia LLC. 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. Launched in February 06, 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 response from our primary stakeholders (readers and advertisers) indicates that this platform has been very successful, and has achieved its objective in less than 18 months. Going forward. our focus will be to ensure that the Company increase interaction between this community by stepping up our online and events activities. The Company will also step up our presence in Western Europe through the online medium” said Hoshie Ghaswalla, Managing Director, Global Services.
The Global Services team will continue to remain co-located in the United States 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 largest 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.”
Cyber Media India Ltd has informed BSE that the Company has acquired substantially all the assets of TDA Group, Inc., a California-based integrated marketing communications and custom publishing Company, in a strategic move to expand the services business of the Company.
In this regard the Company has issued the following Press Release:
“CyberMedia, South Asia’s first and largest specialty media house with a strong presence in media services has announced that it has acquired substantially all the assets of TDA Group, Inc., a California-based integrated marketing communications and custom publishing company, in a strategic move to expand the services business of the Company.
TDA Group Inc., with a strong track record of over 20 years, provides a wide range of valueadded services to an A-list of high-tech clients including several of the global leaders in the IT industry. Services provided by TDA include marketing consulting, content development, web and graphic design. TDA Group?s products encompass both print and online offerings and include magazines, newsletters, collateral, identity, customer reference programs, white papers, direct mail and websites.
The TDA Group posted revenues exceeding $ 5 million in the year ending December 2007 with strong year over year growth at both the top and bottom lines and strong prospects in the current year.
The new subsidiary, TDA Group LLC will move forward retaining and utilizing the skills and services of TDA’s highly talented staff, including ongoing participation in the business of founders Bob Tabke and Debbie Dawson to ensure continuity and maintain TDA’s client service excellence.
Commenting on the purchase, Pradeep Gupta, Chairman of CyberMedia said, “We are very pleased to bring TDA Group into the CyberMedia business portfolio. It is a strategic move in growing our content based services business rapidly. TDA is an outstanding business with excellent clients and people. TDA fits very well with our domain expertise in echnology, and expands the proven core competence of CyberMedia in content-related areas.”
This is CyberMedia’s second acquisition in the US in the last 16 months. CyberMedia had acquired Illinois-based Publication Services, Inc. in December 2006. CyberMedia has already articulated its strategy to strengthen the media services business through both organic and inorganic means.”
Cyber Media India Ltd has announced that the CyberMedia group founder Mr. Pradeep Gupta has picked up the stake of Dice India Holdings, Inc. (a subsidiary of the US-headquartered Dice, Inc.) in CyberMedia Dice Careers Ltd.
CyberMedia Dice Careers Ltd, a subsidiary of publicly listed CyberMedia India Ltd, will be renamed as CyberMedia Careers Ltd with the Company and Pradeep Gupta as the key stakeholders.
The CyberMedia job portal, focused exclusively on the IT job sector, has over 680,000
registered job seekers / users. This makes CyberMedia portal the largest job portal focused exclusively on the IT jobs in the country. (As per Dataquest research estimates, India had 1.3 million IT professionals at the beginning of 2008).
The CyberMedia tech job portal achieved this number as a result of a joint offering of Dice India Holdings, Inc. and CyberMedia, South Asia’s largest specialty media house. The two companies came together in October 2004 to fill in this gap.
CyberMedia Group Chairman Mr. Pradeep Gupta, said, “With this change in the ownership pattern, we would like to reward our 680,000 registered job seekers / users with several innovative services.”
CyberMedia Tech Job portal aspires to offer unique services to the 680,000 registered job
seekers / users on its site to further enhance their careers in the technology domain. It will help the hiring companies to source and recruit the most qualified technology professionals.