Datamatics Global Services (DGSL) and PreMedia Global group (Lexicon Publishing Services) have inked 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 3,000 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 existing portfolio of customers includes three of the top ten eRetailers and five of the ten largest publishers in the world.
JM Financial and NEA Indo-US Venture Capital, investors in PreMedia Global, will continue to remain invested in the merged entity. This merger is subject to all regulatory approvals. Edelweiss Financial Services acted as the sole advisor to Datamatics.
Datamatics specializes in Engineering & Embedded Services, Finance & Accounting Services, Information Management, IT Consulting, IT Services, Publishing Services, Research & Analytics, Resource Augmentation, Smart Document Processing, Billing & Payment Solutions, and Online Retail Solutions.
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