DataBank IMX, LLC Announces Acquisition of OSAM Document Solutions, Inc.
Svoboda Press Release
Chicago, IL – November 1, 2012 – DataBank IMX, LLC (“DataBank” or the “Company”), is pleased to announce the acquisition of OSAM Document Solutions, Inc. (“OSAM”). The transaction is the second add-on acquisition for DataBank since Svoboda Capital Partners, LLC (“SC”) invested in the Company in January 2011. Specific terms of the transaction were undisclosed.
Headquartered in Phoenix, Arizona, OSAM is a leading integrator specializing in imaging, business process automation, intelligent capture and enterprise content management. OSAM is a distinguished Canon Partner, OnBase Platinum Reseller and Hyland Software Diamond Support Partner, helping clients automate their business processes and manage content.
OSAM will continue to operate from Phoenix as DataBank and serve as the Western region headquarters for the Company. OSAM President Ron Thompson, Jr. will join the executive management team at DataBank.
“Our management team is enthusiastic about the expanded opportunities with OSAM and believes the combined team will complement our core competency in delivering the most innovative customer-driven solutions,” states Chuck Bauer, Co-founder and CEO of DataBank. “The combination of OSAM with extensive State and Local Government experience for business process automation and DataBank’s nationwide enterprise content management (ECM) capabilities, document conversion services leadership, and growing SharePoint practice, will enhance our solutions offering for existing and future customers.”
About DataBank IMX LLC
Headquartered in Beltsville, Maryland, DataBank is a leading full service provider of outsourced imaging and information solutions, including document scanning, indexing, physical and electronic document storage, and software to manage information. The Company operates a nationwide network of BPO imaging production centers with locations in Maryland, Massachusetts, Indiana, Texas, Louisiana, Florida and California. Across this network, DataBank serves clients in several verticals, including Healthcare, Education, Oil/Gas, and Government sectors, and also provides Shared Services (e.g. accounts payable processing, HR/pension records) across various industries. For more information, please visitwww.databankimx.com.
About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $300 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company as the sole investor or in partnership with other private equity firms.