Lumina Datamatics acquires diacriTech Technologies

Lumina Datamatics acquires diacriTech Technologies


MUMBAI, India, May 04, 2023 (GLOBE NEWSWIRE) — Lumina Datamatics Ltd. (“Lumina Datamatics”) has acquired 100% ownership of diacriTech Technologies Private Limited (“diacriTech”) based in Chennai, India, a wholly owned subsidiary in the United States. The acquisition of diacriTech further builds on Lumina Datamatics’ growth strategy and advanced technology solutions.

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

“DiacriTech tools and products incorporate AI and automation into their end-to-end services. Combining our solutions with Lumina Datamatics’ innovative workflows will undoubtedly benefit our customers,” said Gopinath ARM, Director, diacriTech.

Nova Capital Advisors acted as exclusive advisor on this transaction.

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 delivering content, analytics, e-commerce 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 diverse in-house and client-facing platforms, partnerships with global technology leaders and more than 3000 professionals in the United States, United Kingdom, Germany, Philippines and India.

About diacriTech
diacriTech is a provider of services in the field of books, magazines and multimedia. Their software development department specializes in digital workflows, consulting and solutions.

Safe haven
Some of the statements in this update are forward-looking statements. These forward-looking statements are based on information currently available to us, and we assume no obligation to update these statements if circumstances change. There are risks and…

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