Lumina Datamatics Acquires TNQTech: AI Publishing Revolution Beckons

Deal News | Jan 28, 2025 | Globenewswire

Lumina Datamatics Acquires TNQTech: AI Publishing Revolution Beckons

Lumina Datamatics, a leading global provider in content, retail support, and technology solutions, has announced the acquisition of a controlling stake in TNQTech, a Chennai-based publishing technology company. This acquisition marks a strategic move by Lumina Datamatics to strengthen its position in the AI-driven publishing sector, with a vision to deliver unparalleled innovations in 2025. The acquisition boosts Lumina Datamatics' capabilities in offering advanced AI solutions to scholarly and commercial publishers and learned societies, thus integrating seamlessly with their existing robust services. In 2024, the company saw numerous accolades, including the Great Place To Work certification, affirming its commitment to employee-centric culture and operational excellence. The recognitions highlight Lumina Datamatics' dedication to innovation, quality, and governance, positioning it as a benchmark in the services sector. The acquisition facilitates the company's strategic agenda to leverage AI and expand its publishing and retail sectors, sharpening its competitive edge and enriching client offerings. This acquisition also underlines its commitment to impactful CSR initiatives, reinforcing its stature as an esteemed player in technological service excellence.

Sectors

  • Publishing Technology
  • AI & Technology Services

Geography

  • India – The acquisition involves Indian companies Lumina Datamatics, based in Mumbai, and TNQTech, based in Chennai, reflecting significant developments within the Indian market.

Industry

  • Publishing Technology – The integration of TNQTech's solutions into Lumina Datamatics enhances their offerings in the publishing technology sector, primarily focusing on AI-driven solutions for scholarly and commercial publishers.
  • AI & Technology Services – The acquisition highlights Lumina Datamatics's focus on AI-driven innovation, emphasizing enhanced capabilities in AI technology for content and retail support solutions.

Financials

    Participants

    NameRoleTypeDescription
    Lumina DatamaticsAcquirerCompanyA global leader in content, retail support, and technology solutions.
    TNQTechTargetCompanyA premier Chennai-based publishing technology company specializing in AI solutions.
    Sameer KanodiaManaging Director & CEOPersonCEO of Lumina Datamatics, leading the company's strategic initiatives.