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Notable Solutions, Inc. Acquires Enterprise Output Management Business From Barr Systems, LLC
ROCKVILLE, MD, Jan 09, 2013 (MARKETWIRE via COMTEX) --
Notable Solutions, Inc. (NSi) announced today that effective
immediately the Company has acquired the Enterprise Output Management
(EOM) business and operations from Barr Systems, LLC. Barr's EOM
software is a leading solution for enterprise output management,
providing proven secure print delivery and cost management
capabilities to key vertical industries, including state and local
governments, financial services and healthcare organizations.
With this acquisition, NSi expands its addressable market by meeting
customer demands for the real-time transformation of data streams
from legacy mainframe and ERP systems into contemporary line of
business applications. Furthermore, the combined solution adds to
NSi's existing secure document capture and print offerings with
enhanced mobile printing and centralized print cost management
capabilities.
"This is another major step in the continued expansion of NSi's
Secure Information Exchange Platform to provide the most
comprehensive and competitive portfolio in the industry," said Mehdi
Tehranchi, CEO of NSi. "Our solutions initially met the needs of our
customer's paper-based workflows and have since expanded to
accommodate electronic documents, office productivity, and mobile
workforces. With today's announcement, NSi further expands our
ability to deliver a broader information exchange platform across
organizations within an enterprise. Whether the information
originates on a mobile device, mainframe, desktop or even an office
MFP, NSi's Secure Information Exchange Platform accelerates the
secure delivery of information between virtually any application or
device, helping customers improve decision-making, mitigate risks,
meet regulatory requirements and lower operating costs."
As part of the acquisition, Barr's CEO, Gabriel Schwartzman, has
become Vice President of Output Management at NSi. "With this
acquisition, we have a unique opportunity to truly redefine the
industry," said Schwartzman. "Together, we remain committed to
supporting Barr's EOM installed base with an expanded solutions
portfolio and leading-edge innovations which will yield even greater
cost savings and enhanced efficiencies for our customers."
Benefits for Existing NSi AutoStore Customers - NSi customers will
benefit from the Company's enhanced print management solution which
will integrate user access control, cost management and reporting
capabilities. Specifically, the existing NSi channel can offer
customers:
-- A managed print services offering fulfilled by an enterprise ready
rules-based printing, cost management and access control suite;
-- A mobile printing solution which includes secure mobile pull print and
a secure mobile print submission;
-- MFP/Printer fleet monitoring and print control capabilities; and
-- Output reporting.
Complementary Vertical Markets - NSi and Barr have a complementary
customer base, with more than half of Barr's installed base
representing the same key vertical market segments NSi sells into
today, including insurance, financial services, and state and local
government agencies.
Strong Channel and Vendor Partnerships - The EOM product acquired is
sold through similar sales channels as NSi products today which
include Konica Minolta, Ricoh, Xerox, and others. With this
acquisition, NSi's channel partners will be able to offer a fully
integrated portfolio for secure office and production output
management, providing customers with centralized management and
continuity of operations across the enterprise. NSi will continue to
support third-party print and user authentication solutions from
partners such as Equitrac, YSoft and others.
Benefits of a Consolidated Platform - Barr's Enterprise Output
Management solution complements NSi's strengths in secure print and
electronic document capture and the secure exchange of business
information in the office environment.
As a result of this acquisition, NSi will open a new office in
Gainesville, Florida where it will operate as the Company's Output
Management Center of Excellence.
About Notable Solutions (NSi)
Notable Solutions, Inc. (NSi) is a
leading provider of intelligent paper, electronic document capture
and enterprise output management solutions. NSi's flagship product,
NSi(TM) AutoStore(R), securely captures business-critical information
from virtually any source and then intelligently routes the
information and corresponding documents into the appropriate business
system or output device. NSi's output management solution also
supports mobile printing and centralized print cost management
capabilities. Ranked among the fastest growing companies in North
America on Deloitte's 2012 Technology Fast 500, NSi serves more than
thirteen thousand global customers with offices in Rockville,
Maryland, Gainesville, Florida, Wetzlar, Germany, Stockholm, Sweden
and Sao Paulo, Brazil. For more information, please visit:
www.nsiautostore.com.
Media Contacts:
Mara Radis
Notable Solutions, Inc.
240.268.8340
Email Contact
Barrie Locke
Ripple Effect Communications
617.536.8887
Email Contact
SOURCE: Notable Solutions, Inc.
http://www2.marketwire.com/mw/emailprcntct id=A5B5A53D10316AA3
http://www2.marketwire.com/mw/emailprcntct id=F7F1639806E67BDA
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