Mumbai-based Lumina Datamatics, a global leader in digital content services, retail support, and technology solutions, has signed a definitive agreement on December 9, 2024, to acquire a controlling stake in TNQTech. The deal marks a significant strategic initiative for Lumina Datamatics, though the takeover is yet to be finalized.
Strengthening Expertise in Scholarly Publishing
Chennai-based TNQTech is a renowned publishing technology and services provider known for its quality-driven approach and innovative solutions. The company specializes in AI-enabled technologies that streamline publishing workflows and offers comprehensive services for scholarly content. Its trusted clientele includes commercial and open-access publishers as well as learned societies across Europe and North America.
Focus on Innovation and Patented Solutions
TNQTech has carved a niche in the publishing industry by leveraging technological advancements to optimize processes. The company’s innovative approach has resulted in several patents for its products, further solidifying its reputation as a leader in the scholarly publishing domain.
Strategic Intent
While the takeover process is yet to reach completion, the agreement signals Lumina Datamatics’ intent to enhance its capabilities in publishing services and technology. If finalized, the acquisition will create synergies between Lumina Datamatics’ global reach and TNQTech’s technological expertise, benefiting clients in the academic and publishing sectors.
This development underscores Lumina Datamatics’ commitment to innovation and its vision for growth in the rapidly evolving digital publishing landscape. The company remains focused on expanding its technological offerings while continuing to provide best-in-class services to its global clientele.
Commenting on the acquisition, Sameer Kanodia, Managing Director & CEO, Lumina Datamatics, said: ‘We are excited to welcome TNQTech to the Lumina Datamatics family. This acquisition will collectively strengthen us to over 6,500 employees globally and establish us amongst the dominant service providers in the world of digital content. It aligns perfectly with our growth strategy of expanding our capabilities in being part of the future of publishing content and technology as we continue to stay ahead in the ever-changing publishing landscape.” He added; “In combination with our existing capabilities at the forefront of content workflows by managing the entire publishing process – from content creation to product delivery – this acquisition will enable us to strengthen our suite of AI-enabled technology and products which are used by some of the largest commercial publishers, prestigious learned societies, associations, and university presses, and through them, by millions of authors.”
Mariam Ram, Managing Director, TNQTech, said, “We are excited to be part of Lumina Datamatics. We look forward to taking advantage of the synergies that will result from the collaboration between TNQTech and Lumina Datamatics. We will benefit from Lumina Datamatics’ rich experience of working with global enterprise customers, and their broad range of publishing and technology solutions. We see a clear alignment with TNQTech’s offerings in these areas. We look forward to sharing our expertise and our suite of products, our deep domain knowledge, our use of AI/ML models and data-driven intelligence, all of which serve to make the process of scholarly publishing simpler, faster, and smarter. We look forward to Lumina Datamatics serving as a platform for our combined growth.”
Also read – Lumina Datamatics Clinches Dual Honors at IMC Ramakrishna Bajaj National Quality Awards
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