Savana Partners Acquires Assets of Epitome Systems
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Philadelphia entrepreneur returns to launch exciting new software venture in
government, regulatory compliance, financial services and healthcare.
PHILADELPHIA, April 7, /PRNewswire/ -- Savana Partners, LLC announced today
that it acquired the assets of Epitome Systems of Wayne, Pa. This marks the
return of Michael Sanchez; Managing Partner of Savana to the Main Line where
he founded, successfully IPO'd and subsequently sold Sanchez Computer
Associates in 2004 to Fidelity Information Services of Jacksonville, Florida.
He served as President of the International division of Fidelity until 2008.
Savana Partners intends to target the Epitome suite of business process
automation software toward some of the most critical areas of today's economy:
government, regulatory compliance, financial services and healthcare
automation. Michael Sanchez, will be the Chairman and CEO of the new company.
"I am very excited to be back in Philadelphia. Given the power of Epitome's
technology, we can dramatically increase productivity, automation, visibility
and thereby lower costs to these critical industries. We conducted a thorough
review of the Epitome technology and determined that it offers market leading
business process automation features. I believe we can make a significant
difference at this time of our country's need to create efficiency and
transparency in these industries," said Michael Sanchez.
This is Savana's initial investment. Savana Partners, a private equity
investment firm, plans to make other acquisitions and investments in
technology and services businesses.
Vince Rogusky, Epitome's founder will be the President of the new company.
"We are thrilled to have Mike Sanchez's leadership and Savana as a partner.
Mike brings an extensive background in software technology and international
business along with a track record of success."
The new company will retain the Epitome Systems name and continue to serve its
customers, most of which are in the targeted industries.
About Epitome Systems
Epitome Systems is a provider of business process automation solutions
utilizing its pioneering Enterprise Productivity Management(SM) (EPM) software
technology which helps companies automate and streamline their internal and
external processes and information. The company's EPM software platform, now
in its fourth generation, features a suite of modular components addressing
business process management, content management, document management,
collaboration, integration, and reporting and analytics. Epitome's EPM
technology creates fast results and is available in both on-demand and
on-premise models. EPM's unique architecture can be quickly and easily
configured to support exact business productivity needs. For more information,
visit www.epitomesystems.com .
Contact: Nancy Assuncao
Nancy Inc.
610 952 5426
SOURCE Savana Partners, LLC
Nancy Assuncao of Nancy Inc., +1-610-952-5426, for Savana Partners, LLC.
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