United States-based startup, News Corp acquired Bengaluru-based GyanMatrix Services Private Limited. The company has been renamed to News Technology Services (NTS) and Rajan Parasuraman is the man behind this idea, he’s a founder of GMX and will stay as Managing Director of the company.
The official spokesperson mentioned that “We are delighted to cement our partnership with Rajan Parasuraman and the talented team at News Technology Services. They have already done incredible work for us, from operations and infrastructure support, data technology and science, to software development, including working on The Sun mobile apps and website. We are looking forward to our global team going from strength to strength together”.
Rajan Parasuraman, Managing Director of NTS commented that “We are thrilled to be joining the News Corp family”, “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”.
Moreover, the company has a reasonable name in India through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses. Apart from Gyanmarix, the company also acquired VCCircle and a stake in Elara Technologies, Housing.com and Makaan.