Cybermedia buys stake in US-based firm

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BPO Business Intelligence

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Dec 4, 2006, 5:49:45 AM12/4/06

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CyberMedia has acquired a 49 per cent stake in Publication Services,
Inc. (PSI), through its wholly owned US subsidiary, CyberMedia India
LLC.

CyberMedia has an option to acquire 100 per cent interest in PSI in
three years time.

PSI, with a 50-member strong team and FY'06 revenue of $2.7 million,
provides a wide range of book and document production services for
publishers.

Its clients include McGraw-Hill, Cambridge University Press, Harvard
University Press, Elsevier Science, John Wiley & Sons, Oxford
University Press, and many more.

PSI will be able to expand its scope of projects to its clients through
this tie up and acquire new clients by providing cost effective content
services.

According to industry estimates, the global opportunity for publishing
outsourcing is estimated at $ 8.2 billion.

The Indian market for publishing outsourcing is expected to grow at a
CAGR of 38 per cent from $200 million in 2005 to $1.1 billion by 2010.