Indiantelevision.com: ICICI Venture-backed Infomedia India Limited, India’s leading special interest and directory publishing company, has announced forming a joint venture with the world’s leading publisher and information provider Reed Business Information US (RBI US), a division of $8.5 billion Reed Elsevier Group plc. Reed will hold a 51 per cent stake in the resulting entity, Reed Infomedia India Pvt. Ltd.
Reed Business Information is the world’s largest B2B publishing unit with revenue of $2.3 billion and operating profits of $400 million. It offers business professionals in the media, manufacturing, electronics, construction and retail industries more than 100 market-leading business-to-business publications, 75 webzines and web portals, custom publishing, directories, research and direct-marketing lists.