July 10, 2008
MIT’s Technology Review and CyberMedia Sign Agreement
MIT's Technology Review, Inc., and CyberMedia announced today that they have entered an agreement to launch Indian editions of the EmTech Conference and the award-winning magazine Technology Review.
"We met with several excellent potential partners and went through a rigorous selection process," says Jason Pontin, editor in chief and publisher of Technology Review. "It was a difficult decision, but given CyberMedia's decades of experience in technology publishing, they were the clear choice in the end. We look forward to a long and fruitful partnership."The launch of EmTech India, the premier technology conference for corporate leaders, is planned for early 2009. The Indian edition of Technology Review will be introduced at the conference and then published monthly.
"We are excited at the prospect of introducing the conference and the publication to the Indian technology community," says Pradeep Gupta, chairman of the CyberMedia Group. "This will be the 16th media offering for us, expanding our existing presence in the technology sector. MIT's Technology Review brings the best and latest developments on emerging technologies that have the power of transforming the Indian technology sector."
"With economic growth and technology deployment rapidly expanding in India, now is an ideal time to extend the Technology Review brand to this influential region," says Kathleen Kennedy, chief strategy officer at Technology Review. "We're pleased to partner with CyberMedia, as its understanding of the Indian market is significant. Our entry into India is one of the crowning efforts in our global expansion effort, and we are optimistic about the success of this venture into this vast and exciting country."
This will be the first time an EmTech Conference will be held away from MIT and outside the United States. The relationship with CyberMedia marks the fifth deal for an international edition signed in recent years by Technology Review.
"As India continues its stride to become a knowledge powerhouse, the impact of emerging technologies will be felt far and wide," says Pankaj Nath, senior vice president at CyberMedia. "The conference will benefit not only India but also the entire Asian corporate community. We look forward to making EmTech the premier technology event in the entire region."
"Bringing together these two great media companies has been an extremely enriching and rewarding experience," says Chander Rai, president and CEO of Cross Border Media.
CyberMedia is South Asia's first and largest specialty media house, with 15 publications (including BioSpectrum, Dare, Dataquest, PCQuest, Voice & Data, and Global Services) in the information technology, telecom, consumer electronics, and biotech areas. It is also active in Internet (www.ciol.com), events, and television. The group's media services include market research (IDC India), content management (Content Matrix LLC), and multimedia.
About Technology Review, Inc.
Technology Review, the oldest technology magazine in the world, is published by Technology Review, Inc., an independent media company owned by the Massachusetts Institute of Technology. Founded in 1899, the award-winning magazine describes emerging technologies and analyzes their impact for leaders. Occupying a unique position at the intersection of business and technology, Technology Review's global offerings include international editions in China, France, Germany, and Italy, as well as live events such as the annual EmTech Conference at MIT and the daily new analysis website TechnologyReview.com.