Lumina Datamatics has signed a definitive agreement to acquire a controlling stake in TNQTech, enhancing its offerings in digital publishing technology and services.

Information on the Target

Lumina Datamatics has entered into a definitive agreement to acquire a controlling stake in TNQTech, a notable company based in Chennai, India. TNQTech specializes in publishing technology and services, recognized for its commitment to quality and innovation in the industry. The company leverages artificial intelligence to enhance the efficiency of scholarly publishing processes and provides comprehensive services tailored to scholarly content.

Trusted by a spectrum of clients including commercial and open-access publishers, as well as learned societies across North America and Europe, TNQTech boasts a portfolio that exemplifies technological advancement in publishing. Its emphasis on innovation has resulted in several patents, reinforcing its reputation as a leader in the sector.

Industry Overview in India

The publishing industry in India has witnessed notable growth, spurred by the rapid digital transformation and the increasing demand for content across various sectors. The shift to digital formats has created o