CyberMedia acquires California-based TDA Group

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Posted: Thursday, Mar 13, 2008 at 1130 hrs IST
Updated: Thursday, Mar 13, 2008 at 1151 hrs IST

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Mumbai, March 13: : In a bid to expand the services business of the company, CyberMedia India on Thursday said it has acquired all the assets of California-based TDA Group Inc for an undisclosed amount.

CyberMedia, South Asia's leading specialty media house with a strong presence in media services, has acquired all the assets of TDA Group Inc, an integrated marketing communications and custom publishing company, the company said in a filing to the Bombay Stock Exchange.

"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," CyberMedia Chairman Pradeep Gupta said while commenting on the purchase.

TDA Group Inc, with a strong track record of over 20 years, provides a wide range of value added services. These services include marketing consulting, content development, web and graphic design.

The TDA Group posted revenues exceeding USD 5 million in the year ending December 2007.

"TDA fits very well with our domain expertise in technology, and expands the proven core competence of CyberMedia in content-related areas," Gupta added. This is CyberMedia's second acquisition in the US within 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.

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