BancTec Acquires Regional Business Process Outsourcing (BPO) Leader DocuData
Solutions
Agreement expands BancTec's BPO capabilities in the U.S.
DALLAS, March 4 /PRNewswire/ -- BancTec, a global provider of advanced,
high volume document and payment processing solutions and services, has
acquired DocuData Solutions, an imaging, content management and media storage
business process outsourcing (BPO) services provider with operations centers
throughout Texas. The acquisition supports BancTec's strategy to expand its
BPO business worldwide, adding 3 Texas processing centers to its 4 existing
U.S. sites and 11 European sites.
"DocuData's long history of providing BPO services for an impressive set
of clients, coupled with the reach and resources of BancTec, will enable us to
expand our outsource offerings and provide a higher level of service to our
clients," said J. Coley Clark, BancTec chairman and chief executive officer.
"We look forward to leveraging our joint capabilities and previous success as
business partners to grow our BPO businesses."
"This agreement enables DocuData to become part of a global, $380 million
company that has more than three decades of document processing experience.
While our day-to-day work on behalf of clients will not change, the
opportunities we can pursue and the solutions we can deliver will expand
significantly," said Brian L. Rathe, president of DocuData Solutions. "I look
forward to becoming part of the BancTec family and finding new ways to take
advantage of our joint technology, solutions and BPO offerings."
DocuData's BPO services center around digital imaging and vault storage
for critical business media. The company currently operates three secure,
state-of-the-art production facilities in Dallas, Houston, and Austin, Texas,
where it converts and manages more than 250 million images annually. While
DocuData provides customized solutions for many industries, it has built
particular expertise in serving clients in healthcare, government, energy,
mortgage and general commercial segments of the market.
DocuData has been a BancTec client for several years, and in June of 2007
the two firms partnered to increase the efficiency of DocuData's BPO platform
by deploying BancTec's image capture and management platform, IntelliScan, in
its processing centers. The partnership proved vital to the success of
DocuData's recent client acquisitions and has fueled the company's growth and
created a competitive advantage.
DocuData will operate as a division of BancTec and will continue to be
known as DocuData Solutions. Brian Rathe will remain with DocuData, reporting
to Michael D. Fallin, senior vice president and president, Americas and
Emerging Markets.
Financial terms of the transaction were not announced.
About BancTec
BancTec helps clients around the world simplify the process of managing
their information. Founded in 1972, the company provides a wide range of
solutions for automating complex, high-volume and data-intensive business
processes for clients in the financial services, healthcare, manufacturing,
government, services and utilities industries. BancTec's offerings include
business solutions, business process outsourcing, and infrastructure services.
With headquarters in Dallas, BancTec serves clients in 50 countries. For more
information on how BancTec can help you optimize information management, visit
http://www.banctec.com or call 1-800-BANCTEC.
About DocuData Solutions
DocuData Solutions is a leading supplier of state-of-the-art imaging,
content management, media storage, and business continuity solutions and
services to the private and public business communities. Clients rely on
DocuData to manage their business-critical information contained on any media:
paper, computer disks, tapes, optical disks, microfilm or microfiche. Most
clients choose the convenience and cost-savings of their service provision
model, but they also offer sales and maintenance of equipment and software for
in-house solutions. DocuData has three BPO facilities in Dallas, Houston, and
Austin, Texas. Visit them at http://www.DocuData.com for more information.
SOURCE BancTec
Media, Chuck Corbin, Vice President, Corporate Marketing +1-972-821-4970,
chuck.corbin@banctec.com, or investors, Kathy Costner, Vice President of
Investor Relations, +1-972-821-4381, kathy.costner@banctec.com, both of
BancTec
