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Mumbai, August 19, 2013: Datamatics Global Services Limited and PreMedia Global group (Lexicon) are pleased to announce the signing of a framework agreement relating to the merger of the Digital Publishing and eRetail Services business of Datamatics, and PreMedia Global (PMG). This combination creates one of the world’s largest companies in this domain, with more than 3000 employees and associates across 10 global locations, including New York, Boston, and Ashland (Ohio) in the US, Grisheim in Germany, Gimaocani in Bosnia, and Chennai, Mumbai, New Delhi, Pondicherry and Nashik in India. This unique marriage of content and technology brings together a gamut of mission-critical products, services and solutions to help enable customers of both entities navigate successfully into a digital future. The portfolio of customers includes three of the top ten eRetailers and five of the ten largest publishers in the world.
The combined entity is promoted by a strong management team comprising Dr. Lalit Kanodia, chairman of DGSL, one of the founding fathers and chief architects of India’s software industry, and a PhD from MIT; Kapil Viswanathan, co-founder and co-CEO of PMG, and a Master’s degree holder from Stanford and MBA from Harvard; and Kami Narayan, co-founder and co-CEO of PMG, a lawyer by qualification and an MBA from Harvard.
JM Financial and Indo-US Venture Partners, investors in PreMedia Global, will continue to remain invested in the merged entity. This merger is subject to all regulatory approvals.
A new name and brand, representing the unique strengths and entrepreneurial energy of the combined entity, will be announced shortly.
Dr. Kanodia & Mr. Viswanathan said jointly: “Datamatics and PMG are re-shaping the industry by setting a new standard for supporting customers with integrated solutions across the content value chain. Together, we are well positioned for continued rapid growth. We look forward to co-leading the enterprise and are excited about what our people can achieve together for our customers and our shareholders.”
Datamatics is a Digital Technologies, Operations, and Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage.