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Datamatics sets up BPO JV with Cadmus
By siliconindia staff writer
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Thursday, 11 September 2003, 19:30 IST
MUMBAI: Datamatics Technologies has entered into a joint venture with Nasdaq-listed Cadmus Communications to form a new entity called KnowledgeWorks Global (KGL), in which Cadmus will own 80% and Datamatics 20%, reports Economic Times, a business daily in India.
Cadmus is an outsourced content services provider of management and production services to scientific, technical and medical journal publishers. Datamatics has been a preferred partner of the $500-m Cadmus for three years now. About 70 of the worlds top 100 scientific journals outsource their content development to Cadmus.
KGL will provide content processing, content management and related services for publishers. The venture is now setting up a facility in Chennai, which is expected to be operational by January 04 and complement the existing Mumbai facility. The firm will provide automated content services for journals, periodicals and books, data conversion, copy editing and issue management. KGL is expected to close its first year of operations with revenues of $6m and revenues of $20m in its third year.
Cadmus has more than 400 people working in India with Datamatics Technologies, and derives over 45% of its revenues from content services like editing, conversion of content and online peer review management services to scientific journals.
Datamatics Technologies is a BPO (business process outsourcing) service provider in legal claims processing, scientific, technical and medical processing, human resources, GIS (geographic information services), accounting services and insurance. Datamatics also works in the area of converting paper health claims to customer-specified electronic formats, including the HIPAA-mandated design. (Courtesy: Economic Times)