MAM
Cybermedia acquires 49% stake in U.S.-based content services company publication services, Inc.
MUMBAI: CyberMedia, South Asia‘s largest specialty media house, announced the acquisition of a 49 pre cent stake in Publication Services, Inc. (PSI), through its wholly owned US subsidiary, CyberMedia India LLC. CyberMedia has an option to acquire 100% interest in PSI in 3 years time.
PSI, with a 50-member strong team and FY 06 revenue of US$ 2.7 mn, provides a wide range of book and document production services for publishers. Its repertoire of clients includes McGraw-Hill, Cambridge University Press, Harvard University Press, Elsevier Science, John Wiley & Sons, Oxford University Press, and many more. The company is strategically located in Champaign, Illinois.
The acquisition of PSI provides CyberMedia access to a strong client base and team of experienced US-based professionals for growing its high potential content outsourcing business. According to industry estimates, the global opportunity for publishing outsourcing is estimated at US$ 8.2bn. The Indian market for publishing outsourcing is expected to grow at a CAGR of 38% from US$ 200mn in 2005 to US$ 1.1bn by 2010, driven by availability of trained workforce proficient in English language and publishing, offering high quality at competitive prices.
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. CyberMedia has a team of 130 professionals in India with expertise in original content creation, design, typesetting, data conversion, archiving and digital asset management.
Speaking on the occasion, CyberMedia CMD and CEO, Mr. Pradeep Gupta said, “We are excited about our partnership with PSI and, together, we can embark on a faster growth path in addressing the content outsourcing market with a highly experienced and quality driven team. This is the next step in CyberMedia‘s advent towards going global.”
PSI CEO Dr. William Stout of, stressed that “the alliance between CyberMedia and Publication Services represents an ideal partnership in the current global publications marketplace. It combines editorial expertise, project management skills, and U.S. client base of PSI with cost-competitive, high quality typesetting, graphics, and proofreading skills of CyberMedia. I look forward to a long and rewarding partnership that will stimulate strong growth and enhance profitability for both companies, as well as provide unparalleled publishing services worldwide.”
CyberMedia Services president Rajeev Seth will manage the partnership on behalf of CyberMedia. Speaking on the occasion, he said, “We look forward to scaling up and making a significant impact in the publishing services outsourcing domain with committed quality of services across a range of platforms.”
About CyberMedia (India) Ltd
CyberMedia is South Asia‘s first and largest specialty media house, with thirteen publications (including Dataquest, PCQuest, and Global Services) in the infotech, telecom, consumer electronics and biotech areas, and is a media value chain including Internet (www.ciol.com), events and television. The group‘s media services include market research (IDC India), job board (CyberMedia Dice), content management, multimedia, and media education.
About Publication Services, Inc.
Founded in 1976 by Dr. Barbara Meihoefer, PSI is dedicated to providing a full range of book and document production services for authors and publishers, including such traditional services as copyediting, proofreading, art production, composition, project management, and indexing, but also creating multimedia products and electronic books, XML files, databases, and even niche programming. The corporate office based at Champaign, Illinois, houses a team of 50 full-time employees.
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Google nears Nvidia in race for world’s most valuable company
Market cap gap narrows as Google hits $4.65 trillion, Nvidia at $4.86 trillion.
MUMBAI: In the AI gold rush, even the giants are sprinting and Google is suddenly gaining ground. Google is rapidly closing in on Nvidia in the race to become the world’s most valuable publicly listed company, with the gap between the two narrowing sharply amid diverging stock momentum. The tech giant’s market capitalisation has surged to around $4.65 trillion, following a more than 140 per cent rise in its share price over the past year.
That rally has added over $2.6 trillion in value in just 12 months, including nearly $900 billion since January alone. Its stock recently hovered at $381.80, slipping marginally by 0.04 per cent, but still reflecting strong upward momentum.
Nvidia, meanwhile, continues to hold the top spot with a valuation of approximately $4.86 trillion. The chipmaker crossed the $5 trillion milestone in October last year and peaked at $5.27 trillion on 27 April. However, its shares have largely plateaued over the past six months, rising just 0.2 per cent recently to $199.99.
The contrast in trajectories is striking. While Nvidia has seen relatively flat movement, Google has gained over 36 per cent in the same six-month period. Barron’s estimates suggest that if current trends hold, the valuation gap could shrink to as little as $190 million by the time Nvidia reports its first-quarter earnings on 20 May.
Daily momentum paints a similar picture. Nvidia recorded average daily gains of about 0.66 per cent last month, compared to Google’s stronger 1.42 per cent, an edge that could prove decisive in the short term.
Driving Google’s resurgence is its aggressive push into artificial intelligence across its ecosystem, from search and YouTube to cloud computing. The company has already invested $144 billion in capital expenditure over the past two years and plans to deploy a further $490 billion over the next two.
Its cloud division is also gathering pace. Google Cloud reported an order backlog of nearly $220 billion in the latest quarter, with total backlog touching a record $462 billion, around half of which is expected to be realised within two years. The company’s entry into chip sales is also beginning to factor into its growth narrative.
The last time Google briefly topped the S&P 500 by market value was in February 2016, when it edged past Apple for just two days. This time, the stakes and the numbers are far higher.
At the heart of the contest lies a single force: artificial intelligence. As both companies pour billions into infrastructure, chips and platforms, the leaderboard is no longer just about size, it is about who can scale the future faster.
