TNQTech empowers scholarly publishers with AI-enabled technology for efficient publishing processes and offers end-to-end services for scholarly content. The company is trusted by commercial and open access publishers and learned societies across Europe and North America. Its innovative approach to publishing and content technology, combined with a strong focus on technological advancements, has led to several patents for its products. Its turnover was Rs 141.67 crore in Q2 FY25. The company will acquire 80% stake for total consideration of Rs 336 crore before 31 December 2024 and remaining 20% stake will acquire on or before 31 July 2026, subject to any extension as per the terms of definitive agreements. Post-acquisition, TNQTech will become step-down subsidiary of Datamatics Global Services. 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. 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. DGSL provides solutions for data driven businesses to enhance their productivity and customer experience. The company's services can be bifurcated into three segments'digital operations, digital experience and digital technology. The company has also developed products in robotics process automation, advanced analytics, business intelligence, and automated fare collection. The company's consolidated net profit fell 13.99% to Rs 42.36 crore on a 7.95% rise in revenue to Rs 406.75 crore in Q2 FY25 over Q2 FY24. The counter advanced 1.40% to end at Rs 636.20 on Monday, 9 December 2024. Powered by Capital Market - Live

Datamatics Global Services has signed agreement to acquire 100% stake in TNQ Tech (TNQTech), a Chennai based digital publishing technology and services company renowned for quality, efficiency, and innovation through purchase of shares from its existing shareholders in one or more tranches in accordance with the terms of Definitive Agreements. The said acquisition is subject to the fulfilment of various terms and conditions as specified in the Definitive Agreements. Powered by Capital Market - Live

With over 19 years of experience, Ankush is a seasoned finance leader with expertise in strategic finance, business planning, controllership, pricing, taxation, treasury, and process transformation. Renowned for driving profitable growth, cost optimization, and large-scale transformations, Akar has consistently delivered impactful results. Before joining Datamatics, Ankush led the global finance function at Relevance Lab, driving cost optimization to improve profitability. At Zensar Technologies, he was instrumental in finance transformation, enabling efficient, standardized, and scalable processes that drove operational efficiencies. Ankush's career also includes significant roles at Wipro, Genpact, and Infosys BPO, where he excelled in financial planning, deal structuring, and solution design. As a chartered accountant and commerce graduate, Ankush's strong academic background underscores his dedication to excellence in the finance domain. Ankush's appointment at Datamatics focuses on strengthening finance operations. Leveraging Ankush's extensive expertise and experience as a proven finance leader in the IT industry, Datamatics aims to streamline its finance function, while improving financial reporting and financial performance visibility. Rahul Kanodia, vice chairman & CEO, Datamatics, said, We are happy to welcome Ankush Akar to Datamatics as Senior Vice President & Chief Financial Officer. Ankush's vast expertise and leadership will be instrumental in driving strategic financial initiatives, enhancing operational efficiencies, and supporting Datamatics' growth journey as we continue to deliver innovative solutions to our clients.' Ankush Akar, CFO, Datamatics said, I am excited to join Datamatics, a company known for its innovative solutions and commitment to excellence. I look forward to collaborating with the talented teams to drive strategic growth, efficiencies, and contribute to the organization's success in the digital era. DGSL provides solutions for data driven businesses to enhance their productivity and customer experience. The company's services can be bifurcated into three segments'digital operations, digital experience and digital technology. The company has also developed products in robotics process automation, advanced analytics, business intelligence, and automated fare collection. The company's consolidated net profit fell 13.99% to Rs 42.36 crore on a 7.95% rise in revenue to Rs 406.75 crore in Q2 FY25 over Q2 FY24. The scrip fell 2.10% to currently trade at Rs 519.40 on the BSE.Powered by Capital Market - Live

Datamatics Global Services announced the appointment of Ankush Akar as Senior Vice President & Chief Financial Officer. Ankush will report directly to Rahul Kanodia, Vice Chairman & CEO, overseeing Finance, Travel, and Administration functions. With over 19 years of experience, Ankush Akar is a seasoned finance leader with expertise in Strategic Finance, Business Planning, Controllership, Pricing, Taxation, Treasury, and Process Transformation. Renowned for driving profitable growth, cost optimization, and large-scale transformations, he has consistently delivered impactful results. Prior to Datamatics, at Relevance Lab, Ankush led the global Finance function, driving cost optimization to improve profitability, while at Zensar Technologies, he was instrumental in finance transformation to enable efficient, standardized, and scalable processes to drive efficiencies. His career also includes key roles at Wipro, Genpact, and Infosys BPO, where he excelled in financial planning, deal structuring, and solution design. A Chartered Accountant and Commerce graduate, Ankush's strong academic foundation underscores his dedication to excellence in the finance domain. Powered by Capital Market - Live

Datamatics Global Services has incorporated a wholly owned subsidiary company 'Datamatics Global Services LLC-FZ' in Meydan Free Zone, Dubai, UAE. Datamatics Global Services FZ-LLC has been incorporated for the purpose of increasing the company's market presence and focus on customers in UAE.Powered by Capital Market - Live

Net profit of Datamatics Global Services declined 14.01% to Rs 42.36 crore in the quarter ended September 2024 as against Rs 49.26 crore during the previous quarter ended September 2023. Sales rose 7.95% to Rs 406.75 crore in the quarter ended September 2024 as against Rs 376.79 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales406.75376.79 8 OPM %11.9915.64 - PBDT62.1367.89 -8 PBT52.7158.55 -10 NP42.3649.26 -14 Powered by Capital Market - Live

Datamatics Global Services will hold a meeting of the Board of Directors of the Company on 5 November 2024.Powered by Capital Market - Live

Datamatics Global Services has allotted 70,531 equity shares under ESOP on 22 October 2024. Consequently, the paid-up share capital of the Company stands increased to Rs. 29,55,10,380 divided into 5,91,02,076 equity shares of Rs. 5/- each. Powered by Capital Market - Live

Datamatics Global Services Ltd lost 2.57% today to trade at Rs 686.6. The BSE Information Technology index is down 0.36% to quote at 43061.65. The index is up 3.25 % over last one month. Among the other constituents of the index, Accelya Solutions India Ltd decreased 1.35% and Tata Elxsi Ltd lost 1.27% on the day. The BSE Information Technology index went up 36.84 % over last one year compared to the 25.71% surge in benchmark SENSEX. Datamatics Global Services Ltd has added 4.63% over last one month compared to 3.25% gain in BSE Information Technology index and 0.45% rise in the SENSEX. On the BSE, 4665 shares were traded in the counter so far compared with average daily volumes of 43899 shares in the past one month. The stock hit a record high of Rs 790.2 on 05 Dec 2023. The stock hit a 52-week low of Rs 455 on 04 Jun 2024.Powered by Capital Market - Live

Datamatics announced that it has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organizations. Datamatics has launched a Partner On-boarding Copilot available on the Microsoft Teams store which integrates Azure OpenAI with Datamatics Intelligent Automation Platform. With this new feather in the cap, Datamatics was recognized as one of the ISVs building an ISV custom copilot solution and they were featured in the Microsoft Build 2024 conference held in Seattle, USA, along with a prominent mention in the blog by Merav Davidson, Vice President, Industry AI from Microsoft. Datamatics advances its copilot innovation by customizing solutions for each organization with support for Microsoft 365 or creating custom copilots for each unique client organization. This enables organizations to maximize the potential of copilots through a personalized, consultative approach rather than a one-size-fits-all method. Datamatics, a recognized partner in the Copilot Partner Ecosystem, is advancing its technological collaboration with Microsoft by becoming a beta partner for Microsoft's private preview Copilot initiatives, specifically tailored for the developer community. Powered by Capital Market - Live