Q: Last month Lumine acquired a Dubai located company called Datafusion. Is it a seizable acquisition ? Do you have more insight ?
5i Research Answer:
LMN did not release any financial metrics, but we may get some data in the next quarterly earnings release. From the target company: We help our customers capture large amounts of information from numerous data types and sources, apply advanced data management and analytics, and leverage the resulting Actionable Intelligence to help them achieve their goals. datafusion Systems business intelligence solutions blend intelligent data generation tools with our advanced analytics and datafusion Platform to provide a powerful tool proven to help our customers improve efficiency, save time and money and protect their assets. The acquisition is supposed to close by Sept 30 so it may take some time for more details here.