Beyond the added revenue contribution from Data Imaging Solution's existing customers, we expect this acquisition will present additional opportunities for The DRS Group by opening new market locations and through sales of additional services to Data Imaging Solution customers
New York City (PRWEB) July 26, 2007
The DRS Group announced today that it has acquired Data Imaging Solutions. The acquisition expands the company's number of production facilities in the eastern United States and enhances its document capture and management capabilities.
The DRS Group is one of the oldest and largest service bureaus in the United States. It offers a complete line of document management services including imaging, data capture, micrographics and secure online document archiving and retrieval. The company is a leader in document conversions for local, state and federal government agencies; financial institutions; hospitals; and major corporations. With eight production facilities along the eastern seaboard, The DRS Group currently converts more than 100 million documents each year.
The acquisition of Data Imaging Solutions adds three operations facilities to The DRS Group existing eight locations - one in Tampa, Florida; another in Nashville, Tennessee; and a third in Wilkes-Barre, Pennsylvania. In addition to expanding its geographical coverage, the acquisition boosts the company's document conversion capabilities. Data Imaging Solutions is well known for its expertise and experience in converting paper documents to microfiche and microfilm, as well as handling complex conversions from legacy systems with obsolete formats. They are also the largest independent supplier of second-source parts in the micrographics industry.
"Data Imaging Solutions has been a strong player in the COM, scanning and other document services market. We believe our acquisition will yield production synergies and expanded capabilities that benefit both existing and new customers," states John Graham, president of Data Imaging Services.
"Beyond the added revenue contribution from Data Imaging Solution's existing customers, we expect this acquisition will present additional opportunities for The DRS Group by opening new market locations and through sales of additional services to Data Imaging Solution customers," adds Cliff Newman, CEO of The DRS Group. "New offerings afforded by the acquisition will also enhance the ability of DRS clients to satisfy corporate and government compliance regulations, ensure business continuity by protecting critical information, and to have secure, timely access to important documents and information."
The acquisition was completed in June, 2007, when the two companies merged their operations, product offerings and services. Existing customers of both companies are already taking advantage of added capabilities and expanded coverage.
About The DRS Group
Founded in 1964, The DRS Group is headquartered in New York City. It provides secure capture, management, delivery and preservation of critical information to businesses and government organizations along the eastern seaboard. DRS offers paper, digital and film-based document preparation, scanning, indexing, and conversion services at either the customer's site or at a local DRS facility. Company solutions also allow desktop storage of documents on a client's network or portable CD/DVDs. Their online solution features robust, web-based document archiving with secure access and retrieval, backed by scalable content management technologies. The company also offers document and image output to other digital and analog media with accompanying management solutions. DRS Professional Services addresses provides consulting services for virtually any enterprise environment by leveraging their industry leadership, experience and advanced technical expertise. Additional information may be found at the company's Website: http://www.drsimaging.com.