Cyber Media (India) has consolidated its multimedia business by moving into a new frontier - games software - by investing in the country's largest developer in this field, Indiagames. Over the past couple of years, Indiagames has established itself in the mobile gaming space thanks to its innovative and award-winning games like Chopper Rescue, Cricket 1 Day Series 2003 etc.
"Our entry into gaming software signifies consolidation in the non-print segment for the Cyber Media Group, which has dominated the information technology and telecoms content dissemination area for the last 20 years," says Pradeep Gupta, chairman and managing director, Cyber Media. The Group pioneered IT and telecoms media in India with market leaders such as Dataquest, PC Quest, Living Digital (previously Computers@Home), Voice & Data, DQ Week, DQ Channels India, IDC India, Cyber Multimedia, Cyber Expo and ciol.com and has recently entered the biotech publication business with the launch of BioSpectrum magazine.
The investment firmly establishes the Cyber Media Group's multimedia business - through its wholly-owned subsidiary, Cyber Multi Media Ltd - in the top league in this field. Cyber Multi Media is currently India's largest distributor of CD-ROMs and also has a slew of major multimedia titles to its credit. The investment in Indiagames - with options to go up to 30 per cent of the paid-up equity - will be Cyber Multi Media's first foray into the high-growth gaming software arena.
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