Business News
Macmillan Publishing Solutions, the outsourcing arm of Macmillan India Ltd, announces the immediate acquisition of Compset Inc., based in Beverly, Massachusetts.
Thursday 06. March 2008 - This new MPS East Coast production center brings to the Macmillan organization 30 years of expert onshore capabilities specializing in the area of K-12 full-service production.
The unit is experienced in every el-hi discipline and in every major market segment. These segments include professional, trade, STM, higher education, and journals production. In addition, a large stable of seasoned freelancers, developed over many years, further enriches MPSs service offerings. These offerings now include el-hi and college developmental editing, art buying and art program management, project management, translation services, design, production, and XML workflows.
“We are extremely pleased to have Compset join the Macmillan family,” said Mr. Rajiv Seth, Chief Executive Officer and Executive Director. “With this acquisition primarily focused on the el-hi market; we have added a vital piece to our one-stop shop. Compsets distinguished experience in the el-hi arena gives us a valuable onshore resource that will move us into new and exciting directions. In addition, Compsets overall expertise in editorial and production services gives MPS a commanding position in the industry, and we anticipate an immediate impact on our top-line and bottom-line revenues. Our aggressive plans for the expansion of this unit will enable us to accommodate el-his growing market needs for solid onshore production services.”
Mr. Robert Moschetto, previously the President of Compset, now assumes the role of Vice President, Production Services, of the new East Coast center. He stated the following: “Compset and Macmillan are a perfect fit. MPS brings rich and welcome resources to our existing organization which will permit us to grow and thrive for years to come. With our mutual client base, our onshore presence in the el-hi market can only be welcomed by our customers. We are looking forward to a great future together.”
This acquisition will be joined with ICC Macmillan, the wholly owned Portland, Oregon subsidiary of Macmillan India Ltd, which was acquired in early 2006.