|[February 20, 2014]
codeMantra Announces New Ownership to Support Growth and Expansion Plans
BOSTON --(Business Wire)--
codeMantra announced today that it has been acquired by a Boston-based
investment group with plans to support the company's growth and
expansion. The staff, client services and operating foundation of
codeMantra will remain in place. With this change of ownership comes
additional management and capital resources to grow and expand the
company's services and technology.
The company is also pleased to announce that Vaidyanathan (Nathan)
Segaripuram, formerly codeMantra LLC's CFO has been appointed Chief
Executive Officer, and Walter W. J. Walker, codeMantra's Executive
Director of Publishing Services, will be the company's President.
Industry veteran Ed Marino, will join the company as Executive Chairman.
"We are very excited to be working with the codeMantra team to address
the digital publishing needs of companies worldwide," said Ed Marino,
"codeMantra is an excellent company with a strong team and a passion for
customer service. We see a bright future for the company and the
services we can provide to the growing customer base."
"codeMantra has a solid technology foundation, a terrific client base
and a strong market position to build upon. The combination of new
owership and resources focused on growing and expanding codeMantra's
services and technology will enable the company to better serve clients
as the world of digital publishing solutions continues to evolve," said
Nathan Segaripuram, codeMantra's CEO.
Building on its established reputation for digital publishing solutions,
the company plans to fortify and extend the capabilities of
collectionPoint™, the company's digital asset management and
distribution platform. The company will allocate resources to the
development of software/service offerings in both digital pre-press and
post-production. These offerings are targeted at high-value content in
the education, professional reference, science/technical/medical (STM)
segments. A broad spectrum of new outsourced software/service packages
include: automated and semi-automated composition, collaborative
workflows for comprehensive digital and print production, full title
management capabilities, sales reporting/analytics tools, metadata
management and master data management.
"The content market continues to evolve at a staggering pace. Managing
that change and addressing the challenges confronting our publishing
clientele is mission critical for codeMantra. Our new owners bring both
the experience and resources essential to that mission," said Walker.
codeMantra headquarters will move to Boston while maintaining its global
footprint in the UK, Italy and Asia.
codeMantra is an industry leading technology and services company for
the content economy. codeMantra's products include collectionPoint 3.0,
an award winning DAM and DAD platform used by global publishers. Along
with its technology products, codeMantra is one of the leading providers
of composition and conversion services, specializing in XML first
workflows for highly complex content creation, design, and distribution.
codeMantra has offices in Boston, MA; Upper Saddle River, NJ; San
Francisco, CA (News - Alert); Battipaglia, Italy, Chennai, India and Oxford, UK. For
more information about codeMantra, please contact firstname.lastname@example.org
or Wagner Communications - email@example.com
attention: Tish Wagner.
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