| Lewtan
Technologies
LEWTAN TECHNOLOGIES ANNOUNCES ACQUISITION
BY DMG INFORMATION
New parent company provides Lewtan with expanded growth
opportunities
Waltham, MA - December 2, 2004
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.
Contact:
George Henman
Lewtan Technologies
(781) 672-1230
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