Lumine Group to Acquire Datafusion Systems
Deal News | May 23, 2025 | Globenewswire
Lumine Group Inc., a global acquirer specializing in communications and media software businesses, has announced its intention to acquire Datafusion Systems, a company headquartered in Dubai, UAE. Datafusion has over 30 years of expertise in providing secure communication and intelligence solutions for telecom operators, law enforcement, and government agencies. According to Lumine, this acquisition represents its first venture into the UAE market and is expected to enhance its offerings in the signaling and security sector. Lumine Group's COO, Tony Garcia, expressed enthusiasm for the acquisition, highlighting the increasing importance of secure communications and real-time intelligence solutions in today's market. John Senior, CEO of Datafusion, expressed alignment with Lumine's buy-and-hold philosophy and expressed optimism about the growth opportunities this acquisition presents. The transaction is anticipated to close by early Q3, pending regulatory approval from the Dubai Development Authority.
Sectors
- Communications and Media Software
- Secure Communications
Geography
- United Arab Emirates – Datafusion Systems is headquartered in Dubai, making the UAE a significant geography in this acquisition.
- Canada – Lumine Group is situated in Toronto, Canada, marking its geographical base for this acquisition.
Industry
- Communications and Media Software – Lumine Group specializes in acquiring and growing software businesses in the communications and media sector, which is a primary context of the acquisition.
- Secure Communications – Datafusion Systems provides secure communication and intelligence solutions, making this industry relevant to the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lumine Group Inc. | Acquiring Company | Company | A global buy-and-hold acquirer of communications and media software businesses. |
| Datafusion Systems | Target Company | Company | Provider of secure communication and intelligence solutions based in Dubai. |
| John Senior | CEO of Datafusion Systems | Person | CEO of the target company involved in the acquisition. |
| Tony Garcia | COO of Lumine Group | Person | Chief Operating Officer of Lumine Group, commenting on acquisition. |
| Dubai Development Authority | Regulatory Authority | Government | Regulatory body needed to approve the acquisition. |