Media and information services company, News Corp has acquired GyanMatrix Services Private Limited. With this acquisition New Crop has announced the expansion of its global technology and information services along with rebranding the new company as News Technology Services (NTS). Rajan Parasuraman, founder of GMX, will stay on to lead the company as Managing Director.
Commenting on the development, Dominic Shine, Global CIO of News Corp said, “The acquisition of News Technology Services is key to our global technology strategy and the amazing team in India are a big part of our growth plans. We plan to double the size of the team in Bengaluru within 6 months so that the entire News Corp group can benefit from their energy, innovation and technical expertise.”
NTS will work directly with News Corp’s global brands to offer a range of technology services, including web development, application support, infrastructure management and cyber operations. The approach will allow NTS to augment each company’s individual technology teams, particularly in skillsets that are difficult to recruit in local markets.
NTS is a digital product development company, specialising in mobile, web and data engineering, and data science and analytics. Recently, the company expanded and diversified its services to provide enterprise application development, cyber operations and infrastructure operations services for a number of News Corp businesses, including News UK Ltd, News Corp Australia and Dow Jones.
“This deal is an extension of our ongoing work supporting the digital innovation underway at News UK. We are looking forward to expanding our efforts globally to provide News Corp with best-in-class service and support,” said Rajan Parasuraman, Managing Director of NTS.
NTS will expand its operations and infrastructure, including the creation of over 120 new jobs in India, adding to an existing workforce of 170 employees. The new office space in Electronic City, Bengaluru, will be expanded to accommodate more staff in an upgraded suite of state-of-the art offices. The company plans to recruit for a range of roles, including infrastructure technology and operations, application development, data science and digital product development.
News Corp already has a significant presence in India through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses. In recent years, the company has also acquired VCCircle and a stake in Elara Technologies, which includes the digital real estate properties PropTiger, Housing.com and Makaan.
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