CyberMedia announces stake pick up of Dice India Holdings, Inc

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Mumbai, Feb 8 (UNI) CyberMedia India Limited has picked up the stake of Dice India Holdings, Inc (a subsidiary of the US-headquartered Dice, Inc.) in CyberMedia Dice Careers Limited (CMDC).

CMDC, a subsidiary of publicly listed CyberMedia India Limited, will be renamed as CyberMedia Careers Limited with the Company and Pradeep Gupta as the key stake-holders.

The CyberMedia job portal, focused exclusively on the IT job sector, has over 680,000 registered job seekers or users. This makes CyberMedia portal the largest job portal focused exclusively on the IT jobs in the country. (As per Dataquest research estimates, India had 1.3 million IT professionals at the beginning of 2008).

The CyberMedia tech job portal achieved this number as a result of a joint offering of Dice India Holdings, Inc and CyberMedia, South Asia's largest specialty media house. The two companies came together in October 2004 to fill in this gap.

In a statement here today, CyberMedia Group Chairman Pradeep Gupta said, ''With this change in the ownership pattern, we would like to reward our 680,000 registered job seekers or users with several innovative services.'' CyberMedia Tech Job portal aspires to offer unique services to the 680,000 registered job seekers or users on its site to further enhance their careers in the technology domain. It will help the hiring companies to source and recruit the most qualified technology professionals.

UNI AR GR SM1355

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