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Infomedia18 Ltd has divested its entire stake in Glyph International to Cenveo Inc’s subsidiaries.

Infomedia18 is a controlled subsidiary of Television Eighteen India Ltd (a Network18 group company). The Company is a leading media company with strong market presence in diverse business areas spanning business directories, magazine publishing, printing and publishing services.

As part of the arrangement agreed between the entities, Infomedia18 will transfer all its holdings in the Glyph subsidiaries – namely, Glyph International Ltd, Glyph International US LLC, Glyph International UK Ltd, and CEPHA Imaging Pvt Ltd to Cenveo’s subsidiaries in India and the US. Cenveo Inc is one of the world’s leading providers of content management and print production services.

Haresh Chawla, Group CEO, Network18 and Managing Director, Infomedia18, said, “We are delighted to have found a good home for the team at Glyph and our customers. Cenveo has a strong presence in publishing services and will offer significant growth opportunities for our employees and continued superior services to Glyph International’s clients. Glyph International will augment Cenveo’s offshore delivery capabilities by adding scale and complementary services. Infomedia18 is committed to working closely with Cenveo group to ensure smooth integration of the business. The transaction will be value accretive to Infomedia18 and will allow resources to move into core media businesses.”

Glyph International is one of the leading providers of publishing services in the world with offices in Bangalore, Delhi, London, and Fort Lauderdale, Florida. Glyph International is a pioneer in the development of innovative solutions for publishers, university presses, government agencies, financial and legal firms, as well as directory publishers. Its expertise in publishing services is delivered by over 550 employees and a global service and support network that spans the world.

“The acquisition of Glyph International significantly strengthens our market presence and end-to-end service capability in the journal and book publishing markets. Glyph International is a perfect complement to our platform and allows us to strengthen and expand the services and products we offer the customers of both businesses. We are very excited about the prospect of teaming these two companies up and we welcome the Glyph employees to the Cenveo family,” remarked Robert G Burton, Senior, Chairman and CEO, Cenveo over the development.

According the release by the Company, the divestment is part of Infomedia18’s strategy to exit non-core businesses and deploy resources to focus on core media segments, search, Internet and directories services. Necessary approvals for the transaction will be sought.