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Lumina Datamatics Acquires diacriTech Technologies

May 03, 2023 at 17:01 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

MUMBAI, India, May 04, 2023 (GLOBE NEWSWIRE) -- Lumina Datamatics Ltd. (“Lumina Datamatics”) has acquired 100% stake in diacriTech Technologies Private Limited (“diacriTech”), having its registered office in Chennai, India, and a wholly owned subsidiary in the USA. The acquisition of diacriTech further builds upon Lumina Datamatics’ growth strategy and progressive technology solutions.

“Technology is a differentiator for us. The diacriTech acquisition provides an integrated service model for the customers and further strengthens our presence in the APAC and other regions,” said Sameer Kanodia, Managing Director & CEO, Lumina Datamatics.

“diacriTech tools and products embrace AI and Automation in its end-to-end services. The combination of our solutions with Lumina Datamatics’ innovative workflows will undoubtedly benefit our customers,” said Gopinath A.R.M, Director, diacriTech.

Nova Capital Advisors acted as the exclusive advisor to this deal.

About Lumina Datamatics Limited
Globally, 8 of the top-10 publishers and 3 of the top-5 e-Retailers trust Lumina Datamatics as their strategic partner in providing content, analytics, eCommerce, and technology solutions. Lumina Datamatics enables publishers to be at the forefront of content workflows by managing the entire publishing process. Lumina Datamatics' expert solutions combine its various in-house and client facing platforms, partnerships with global technology leaders, and more than 3000 professionals across the United States, UK, Germany, Philippines, and India.

About diacriTech
diacriTech is a provider of services within books, journals, and multimedia. Their software development division specializes in digital workflows, consulting, and solutions.

Safe Harbour
Some of the statements in this update are forward-looking statements. These forward-looking are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common in the industry.

For media queries, please contact:
Jamie Israel, VP, Marketing
jamie.israel@luminad.com
+1-848-200-6188