CyberMedia Group Founder Pradeep Gupta has picked up the majority stake of Dice India Holdings Inc in job portal CyberMedia Dice Careers Ltd. The stake amount remains disclosed at the moment. Following the stake sale, CyberMedia Dice Careers Ltd, a subsidiary of CyberMedia India, would be renamed as CyberMedia Careers Ltd, with CyberMedia India and Gupta as the key stakeholders.
Dice India Holdings Inc is a subsidiary of US-headquartered Dice Holdings Inc.
The CyberMedia job portal, focused exclusively on the IT job sector, has over 680,000 registered job seekers and users. This makes the CyberMedia portal the largest job portal focused exclusively on 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. The two companies had come together in October 2004 for the portal.
Commenting on the development, CyberMedia Group Founder Gupta said, “With this change in the ownership pattern, we would like to reward our 680,000 registered job seekers and users with several innovative services.”