News Corp completes acquisition of GMX Services in India

Diversified media and information services company News Corp today said it has completed the acquisition of Bengaluru-based GyanMatrix Services (GMX).

GMX founder Rajan Parasuraman will stay on to lead the company as Managing Director. The new company has been renamed News Technology Services (NTS).

"The acquisition of NTS is key to our global technology strategy and the amazing team in India are a big part of our growth plans," News Corp Global CIO Dominic Shine said.

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.

"We plan to double the size of the team in Bengaluru within six months so that the entire News Corp group can benefit from their energy, innovation and technical expertise," Shine added.

The company plans to recruit for a range of roles, like infrastructure technology and operations, application development, data science and digital product development. 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 US based, Rupert Murdoch-led, 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 digital real estate properties PropTiger, Housing.com and Makaan.