The Hindu Business Line : CyberMedia acquires 49% stake in US content provider

CyberMedia has acquired a 49 per cent stake in American content service provider Publication Services Inc (PSI) through its wholly owned US subsidiary, CyberMedia India LLC. "We are excited about our partnership with PSI and, together, we can embark on a faster growth path in addressing the content outsourcing market... This is the next step in CyberMedia's advent towards going global,"said Mr Pradeep Gupta, CMD and CEO, CyberMedia

The Illinois based PSI, which employees 50 people and earned revenue of $2.7 million this year serves clients such as McGraw-Hill, Cambridge University Press, Harvard University Press, Elsevier Science, John Wiley & Sons, Oxford University Press amongst others.

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