Infomedia, with offices in 22 cities in India, has other diverse businesses in printing and publishing outsourcing, direct marketing and corporate gifting solutions, and print management services. An analyst said that at Rs178 crore, the acquisition of the firm, with annual sales of around Rs200 crore and market capitalization of Rs470 crore, is not an expensive deal. "There are not too many sound, profitable and scalable print opportunities available in the market. Infomedia's directory and publications businesses have been growing around 15% and 30%, respectively, which is quite impressive by industry standards," said a Mumbai analyst, requesting anonymity.