Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold-forever acquirer of communications and media software businesses, today announced the acquisition of Imagine Communications Holdings Inc. (“Imagine Communications”) through one of its subsidiaries. The acquisition deepens Lumine Group’s presence across the Media supply chain domain.
Headquartered in the U.S., Imagine Communications is a global provider of Video Connectivity Solutions, Channel Origination software and hardware, and AI-enabled Advertising Management & Monetization solutions.
“Imagine Communications is an important addition to Lumine’s growing Media ecosystem,” said Tony Garcia, Chief Operating Officer at Lumine Group. “The business will provide origination to our already extensive video processing capabilities, while complementing and expanding TV monetization with its Landmark™ Sales AI-enabled advertising product, amongst others. Consistent with Lumine’s decentralized operating approach, Imagine Communications will continue to operate as an independent business, and as a buy-and-hold forever owner, we are committed to giving them the stability to keep building on their depth of expertise in the industry. We look forward to welcoming this global team and its customers to Lumine, to share our best practices, and to learn from their decades of industry insight.”
“We are excited to become part of the Lumine Group global media ecosystem,” said Steve Reynolds, Chief Executive Officer at Imagine Communications. “Lumine Group’s acquisition approach and buy-and-hold philosophy provide us with a solid foundation on which we can continue to innovate, while providing certainty to our customers and employees. Operating as an autonomous business within Lumine Group, we have a clear path and excellent support to achieve our vision and serve our customers’ most critical needs.”
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