Jouve announces acquisition of TexTech International
The Jouve Group, a European service provider specializing in digital and print content management and publishing services, announces the acquisition of TexTech International Private Limited.
TexTech, based in Chennai, India, along with its US subsidiary, TexTech Inc., specializes in Publishing Services for books, and eBooks, and offers publishers local customer services and project coordination combined with low-cost offshore production.
Commenting on the transaction, Pierre-Vincent Debatte, President and CEO of the Jouve Group, said, “The TexTech acquisition is part of Jouve’s continuing strategy to become a global player with a strong local presence, serving the content creation, production, distribution and reusability needs of its customers.”
AVR Venkatesa, CEO of TexTech, believes that “this merger will provide deep expertise in content workflows and growth capital to TexTech as it scales up its operations and infrastructure both in India, United States and the UK since our customers want global partners who can be a one-stop shop for all their content needs in their markets all over the world”
Today, publishers seek to consolidate and become cost efficient in their production and manufacturing operations and need to develop new digital products. As Patrick Simon, Vice-President, Editorial and Publishing Services Director of the Jouve Group, explained, “Our customers are migrating towards a content-centric workflow strategy; Jouve’s goal is to become their partner of choice, providing professional publishing services and a technology platform that makes the vision of a ‘multipurposed content’ a reality.”
With the combination of Jouve’s and TexTech’s suite of automation products for publishing workflows, superior customer services, and skilled workforce, the Jouve Group will offer publishers unique global solutions in the US, European, and Indian markets.
In this context, this acquisition will strengthen Jouve’s North America operations and provide the Jouve Group with a significant foothold in the US trade and learning publishing markets.
About the Jouve Group
Founded in 1903, Jouve is a French company with 105 million Euros in sales. The Jouve Group has offices in Europe, the United States, Senegal, and China, and has 1300 employees. Jouve has gained a deep understanding of content services and a detailed knowledge of its customers’ businesses. In its role as service provider, Jouve now covers the entire content value chain, including creation, conversion, enhancement, promotion, and print and/or multimedia distribution. Jouve also advises companies, publishers, and organizations to effectively manage, share, and distribute content while improving their productivity.
About TexTech
TexTech provides solutions that enable publishers to create, manage, repurpose, and distribute content. TexTech combines people, processes, and technologies to create high-quality electronic and print content. Its flexible delivery modules, using onsite and offshore resources and services, provide unmatched value for its clients. Based in India and the United States, TexTech has 270 employees and generates annual revenues of 4 million dollars.
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