Speciality media group Cyber Media India Ltd, has acquired the entire equity in UBM-CyberMedia LLC for an undisclosed sum. The UBM-CyberMedia business will become a wholly-owned unit of CyberMedia but the company will continue to do business as CyberMedia LLC.

Under the latest move, United Business Media will become a subsidiary of Cyber Media.

UBM-CyberMedia is an equal joint venture between Cyber Media and United Business Media LLC. It has been publishing a monthly magazine Global Services, and produces events for the global outsourcing and off-shoring community.

UBM LLC will continue to provide services to support and enhance the products and services being delivered by CyberMedia.

Last month, Cybermedia has acquired all assets of California based marketing communications company and publishing firm TDA Group Inc.