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News Corp Acquires GyanMatrix; Rebrands The Data Analytics Company To NTS

News Corp Acquires GyanMatrix; Rebrands The Data Analytics Company To NTS

In India, News Corp Had Earlier Acquired VCCircle And Has A Stake In Elara Technologies

Global media and services company News Corp has acquired Bengaluru-based GyanMatrix Services Private Limited (GMX).

Post acquisition, GMX will be rebranded to News Technology Services (NTS). Founder Rajan Parasuraman will lead the new entity as Managing Director.

News Corp already has a significant presence in India through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses. Earlier, it had acquired Noida-based media startup VCCircle and it also has a stake in Elara Technologies. Elara Technologies includes the digital real estate properties PropTiger, Housing.com, and Makaan.

Christina Scott, Deputy CTO, News Corp and Chief Product Officer & CTO, News UK said, “The GMX team has 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 post acquisition.”

GyanMatrix is a digital product development company. It offers products in categories such as mobile, web and data engineering, data science and analytics. It also provides services such as enterprise application development, cyber operations and infrastructure operations etc. for a number of News Corp businesses, including News UK Ltd, News Corp Australia, and Dow Jones.

Post the acquisition, NTS will work directly with News Corp’s global brands. The company will offer a range of technology services, including web development, application support, infrastructure management and cyber operations.

Also, as a new entity post-acquisition, NTS will expand its operations in India with an aim to create over 120 new jobs in the country.

NTS further plans to recruit for a range of roles, including infrastructure technology and operations, application development, data science, and digital product development.

“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,” said Dominic Shine, Global CIO, News Corp on the GyanMatrix acquisition.

Author

Meha Agarwal

Inc42 Staff

Meha has engineering and MBA degrees, but she has always been a writer at heart. It was the perfect combination of utilising her research and analytical skills and her enthusiasm for writing that sparked her interest in writing about the Indian startup ecosystem – the latest tech and gadgets and the startups that create them. She is always on the lookout for industry-specific stories in niche areas of interest such as ecommerce, fintech, greentech and more.

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