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Lewtan Technologies Announces Acquisition by DMG Information |
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New parent company provides Lewtan with expanded growth opportunities |
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Contact: |
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George Henman Lewtan Technologies, Inc. 781-895-9800 www.lewtan.com |
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December 2, 2004, Waltham, MA – Lewtan Technologies, Inc. today announced the sale of the company to DMG Information, the information publishing division of DMGT plc. Lewtan Technologies is the leading provider of information and technology solutions to the global asset securitization industry. DMG Information (DMGi) is a subsidiary of the Daily Mail and General Trust plc (DMGT), one of the UK's leading international media groups and a constituent of the FTSE 100 Index of largest quoted companies on the London Stock Exchange (LSE: DMGT).
Lewtan Technologies will continue to operate autonomously under the Business-to-Business Division of DMGi. With this new parent, Lewtan is well positioned to expand its market presence in the fast growing ABS marketplace by providing even greater levels of service and product offerings to its customers across the globe. Headquartered in Stamford, Connecticut, DMGi has an international presence with significant operations in the US, UK, Australia, France, Germany, and India. DMG Information consists of more than 10 separate companies including a number which operate in the financial information market including Risk Management Solutions and Property and Portfolio Research. “We are extremely pleased to be part of DMGi’s portfolio of high-growth companies,” said Stuart Lewtan, CEO of Lewtan Technologies. “Lewtan brings a unique set of core assets to the DMGi group. There are significant synergies for Lewtan to be associated with the other DMGi market players as well as additional companies in the DMGT family. And Lewtan’s clients will reap the benefits.” About Lewtan Technologies Lewtan Technologies, Inc. © is the leading provider of information and technology solutions to the global asset securitization industry. More than 250 institutions rely on Lewtan Technologies' solutions such as ABSNet (www.ABSNet.net), now the leading resource for ABS intelligence and surveillance in the global market. Lewtan also provides new European Cash Flow Models on ABSNet for multi-scenario deal analysis. ABS Discloser provides issuers with improved deal transparency and marketability, while Lewtan’s Issuer Suite automates an issuer's securitization administration and reporting process. In 2001, Lewtan and Deutsche Bank Corporate Trust launched iCDO, a full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's). Lewtan Technologies has twice been awarded the International Securitisation Report’s “Global Technology Provider of the Year” award. More information is available at www.Lewtan.com. www.ABSNet.net |
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