CyberMedia, South Asia's first and largest specialty media house, announced today that it has entered into an agreement with Dice, the leading provider of online recruiting services for technology and engineering professionals in the United States, to create CyberMedia Dice Careers Limited, a joint venture focused on the rapidly growing technology recruiting sector in India.

DICE currently has 55000 technology jobs listed on their website based out of United States. CyberMedia's existing online venture, the CIOL network, currently gets 750000 unique visitors every month making it India's largest technology portal. The jobs specific arm of the network, CIOL Jobs, receives 120000 unique visitors per month. The new venture, to be headquartered in Bangalore, will distinguish itself by drawing on the unique expertise of CyberMedia in the India technology media community and of Dice in providing online recruiting services for technology and engineering professionals.

"Dice has maintained a leadership position for 14 years in online technology recruiting, and both customers and technology professionals recognize Dice.com as the No. 1 technology-focused job board in the United States," said Mr. Pradeep Gupta, Chairman and Managing Director of CyberMedia. "We believe that Dice will bring knowledge and expertise in online recruiting for technology professionals which is not available in the India market today, enabling us to create together a new service, different from other online recruiting services in our understanding of the unique needs of technology professionals and the companies that depend on them."

"We are delighted to partner with CyberMedia, which has had an outstanding record for 22 years in meeting the information needs of technology professionals in the India market," said Mr. Michael P. Durney, Senior Vice President and Chief Financial Officer of Dice Inc. "India is a growing force in the global technology field and a leader in providing highly educated technology and engineering professionals. Our mission with CyberMedia is to serve India-based companies, as their technology recruiting needs increase with the growth and evolution of the Indian economy."

The assets and operations of CyberMedia's existing job board, CIOL Jobs.com, will be merged into the new entity.

About CyberMedia

Established in 1982, CyberMedia is South Asia's first and largest specialty media house, with nine publications in the infotech, telecom, consumer electronics and biotech areas; and an end-to-end media value chain including the internet, events and television. The group's media services include market research, content outsourcing, multimedia, gaming and media education.

The group's Media business includes the print titles Dataquest, PCQuest, Voice&Data, BioSpectrum, Living Digital, DQ Channels, DQ Week (Chennai, Delhi and Mumbai). CIOL (www.ciol.com) is India's largest technology website and includes online editions of all CyberMedia titles. CyberMedia Events, the region's largest organizer of IT events, conducts over 100 events every year, including Bangalore IT.com, Nasscom, IT Kerala, Hi-Tech Pune, etc. CyberMedia TV develops knowledge-oriented general interest programs on mass channels.

Media Services include IDC India, the leading IT and telecom research company in the region; CyberMedia Services (content and publishing BPO services); CyberMedia Research, which focuses on the media and entertainment sectors; Cyber MultiMedia, the multimedia and gaming development and distribution company; and the School of Convergence, for content creators and media managers.

About Dice Dice Inc. (http://about.dice.com) is the leading provider of online recruiting services for technology and engineering professionals. Dice Inc. provides services to hire, train and retain technology and engineering professionals through its two operating companies, Dice.com, the leading online technology-focused job board as ranked by Media Metrix, and MeasureUp, a leading provider of assessment and preparation products for technology professional certifications.

With a 14-year track record in meeting the ever-changing needs of the technology sector, Dice's specialty industry focus and exposure to the most skilled tech-centric audience online foster a talent marketplace where employers reach hard-to-find, experienced and qualified technology and engineering professionals. With the recent launch of a new Dice channel for engineers and engineer job providers, Dice has become an even more robust recruiting tool. For additional information please visit http://about.dice.com.

For further details contact:

Ms. Anita Bhat
CyberMedia
401, MBC
134 Infantry Road
Bangalore 560001

Ph : 91-80-22861511, 22868238
Fax: 91-80-22862971
Email: anita@ciol.com