Cybermedia buys into Sx2

It is rare for us to report on an acquisition by an Asian company in another part of the world. Pradeep Gupta's Cybermedia has taken a number of interesting steps on which we've reported over the last year or so (see here and here and here for examples). Its decision to acquire 20% of Sx2, the new owners of Computer Shopper magazine will be seen as a sign of growing maturity in India's B2B and technology media sector.

Since listing on the Mumbai stock exchange in May last year, Cybermedia's shares have increased in value by 71%, valuing the company today at $23.5 million at today's price of Rs102.40.