Press Release: codeMantra Announces New Ownership to Support Growth and Expansion Plans
Boston, MA: February 20, 2014 - 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 ownership 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 collectionPointTM, 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; Battipaglia, Italy, Chennai, India and Oxford, UK. For more information about codeMantra, please contact email@example.com or Wagner Communications at firstname.lastname@example.org.