Acquisition will provide additional value for DigitalDrawer clients and add to AscendoSoft product offerings
Release Date: February 12, 2013
Redmond, WA – AscendoSoft Inc., a leading provider of software and services in the data quality, data privacy, and application automation markets, announced that it has acquired Imagine Document Solutions, LLC a leading provider of document management solutions for small and medium businesses. With the addition to its product portfolio, AscendoSoft gains wider reach into several vertical markets, while doubling its customer base and enabling additional revenue growth in the future.
Imagine Document Solutions (IDS) is a Birmingham, Alabama-based software company with customers around the US and the Caribbean. IDS offers document imaging solutions that are helping businesses of all sizes realize the benefits of a paperless office. Their flagship product is DigitalDrawer, which is designed to allow businesses to electronically and securely manage all of its records, saving the company thousands of dollars each year. DigitalDrawer stores scanned files along with the company’s working documents such as Microsoft Office PDF, etc., utilizing DigitalDrawer’s complete version control technology.
“The addition of DigitalDrawer to our software portfolio is an exciting move designed to strategically grow our customer base and to position us for penetration into new markets. The incremental revenue stream will allow us to continue to grow our business,” stated Brian Miller, Chief Operating Officer of AscendoSoft. “Similar to AscendoSoft, the IDS team has built a customer-focused company that provides significant value to their clients and we intend to continue with that philosophy. The acquisition fits nicely into our growing software business.”
“I am very proud of the software products Imagine Document Solutions has developed since we founded the company in 2006,” said Reagan Goodson, President of Imagine Document Solutions. “The acquisition by AscendoSoft ensures continued client support and will help to increase the DigitalDrawer market share. The clients and technology are in good hands. I look forward to working with AscendoSoft.”
About AscendoSoft Inc. – AscendoSoft specializes in providing software solutions and professional services to customers of all sizes including vertical markets, such as financials, higher education, utilities, healthcare, retail, etc. AscendoSoft offers a variety of software solutions including Address Cleansing, Data Masking, Automation Utilities, and now Document Management. The Professional Services team provides Business and IT consulting. Sample customers include Meritrust Credit Union, BECU, First Tech Federal Credit Union, First Place Bank, ESCO, AllSouth Federal Credit Union, NV Energy, and OmniAmerican Bank.
For more information, contact AscendoSoft Inc. at +1-425-749-3850.