Lewtan Technologies, which operates ABSnet, today announced the sale of the company to DMG Information, the information publishing division of DMGT plc. Lewtan will continue operating autonomously under the Business-to-Business Division of DMGi. ABSnet is a third-party distributor of Asset Securitization Report's content. DMGT is the majority owner of Euromoney II
"We are extremely pleased to be part of DMGi's portfolio of high-growth companies," said Stuart Lewtan, CEO of Lewtan Technologies, in a release. "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. And Lewtan's clients will reap the benefits."
DMG Information (DMGi) is a subsidiary of the Daily Mail and General Trust plc, U.K.-based media group and a constituent of the FTSE 100 Index on the London Stock Exchange.
