Chicago, IL – August 2, 2017 – Svoboda Capital Partners (“SC”) has sold its interest in leading outsourced imaging and information management provider DataBank Holdings, LLC (“DataBank”) to KYOCERA Document Solutions (“Kyocera”).
Headquartered in King of Prussia, Pennsylvania, DataBank is the country’s premier provider of business process automation solutions, with offices across the United States. Since 1991, the company has helped organizations maximize productivity and reduce operational costs by streamlining document, data and workflow business processes. The new relationship with KYOCERA will open new service opportunities for DataBank.
Chuck Bauer, CEO of DataBank, and the rest of the management team will continue forward with the Company. “Our partnership with SC has been positive and enhanced the long-term growth and success of DataBank,” Bauer said. “Coming together with KYOCERA is a tremendous opportunity for our existing and prospective customers. The acquisition will enable us to offer innovative new solutions and services tailored to rapidly changing market needs.”