Infomedia India Acquires International Typesetting and Composition For $12 Million

Business Standard: Yellow pages and niche magazines publisher Infomedia India has acquired Delhi-based International Typesetting and Composition (ITC), a publishing services provider, for $12 million (approximately Rs 54 crore). This is third acquisition by Infomedia in the last three months. It had earlier acquired the UK-based Keyword Group and Bangalore-based Cepha Imaging systems (for $7 million in December 2005).
“We had identified publishing services and e-publishing as growth areas and with this acquisition will consolidate our position in the burgeoning publishing services sector. This will enable us to service both the main publishing geographies – UK and US – as our earlier acquisitions had enabled us to have a footprint in US,” Infomedia Managing Director Prakash Iyer said.
Iyer said that the publishing BPO market in India is a $250 million sector and is posting a 30 per cent annual growth. Of this, only less than 15 per cent is currently outsourced from India, and hence, there is a huge potential for growth in the country.

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