Beta Systems can focus all their resources and energy on its data center infrastructure and identity access management business in the future and BancTec becomes even stronger in Germany. It is an ideal fit and I am very happy that Corum and I were able to contribute to the success of this project.
Winkel, Switzerland (Vocus) June 28, 2010
Corum Group International S.à.r.l. today announced the acquisition of Beta Systems ECM Solutions GmbH, subsidiary of its client Beta Systems Software AG (Berlin, Germany) by BancTec, Inc. (Irving, Texas, USA) on June 3rd, 2010. Corum Group International S.à.r.l., the global leader in mergers and acquisition services, specializing in serving software and information technology companies worldwide for nearly 25 years and with offices in eight countries advised Beta Systems in the transaction.
Beta Systems ECM Solutions GmbH, with its highly scalable solutions for incoming mail, document and payment transactions, is one of Central Europe’s leading enterprise content management (ECM) providers for financial services. With this transaction, Beta Systems divests its complete ECM line of business, which has its origins in the former Kleindienst solutions portfolio. BancTec is an US-based global provider of advanced, high-volume, document and payment processing solutions and services.
“This transaction creates significant value for both sides,” said Frank Berger, Director of Corum who advised Beta Systems in this transaction. “Beta Systems can focus all their resources and energy on its data center infrastructure and identity access management business in the future and BancTec becomes even stronger in Germany. It is an ideal fit and I am very happy that Corum and I were able to contribute to the success of this project.”
“This step means that we will be able to concentrate on our core competence as a pure independent infrastructure software provider in the future. In many respects, it was expedient for both companies, and we are happy to put our business relations to our ECM customers in the hands of such an experienced partner as BancTec,” commented Gernot Sagl, member of the Management Board of Beta Systems Software AG.
Coley Clark, chairman and chief executive officer of BancTec, commented on the acquisition: “We believe that Beta’s highly skilled people, in combination with those already existing at BancTec, will enable us to provide an even stronger portfolio of solutions and services to some of the largest and most complex financial institutions in the world. We look forward to integrating Beta Systems ECM Solutions into the BancTec family.”
About Beta Systems ECM Solutions GmbH:
With revenues of around € 28.8 million, the ECM business generated an operating result of approximately € 1.3 million in fiscal year 2009. The ECM Solutions business has a workforce of around 260 employees, the majority of whom work at the Augsburg facilities and in the subsidiary in Nigeria. The core business consists of IT solutions and services through to end-to-end systems for the FrontCollect product line.
About Beta Systems Software AG
Beta Systems Software AG (Deutsche Boerse: Prime Standard: BSS, ISIN DE0005224406) offers large corporations high-end infrastructure software to enhances the performance of their IT in terms of availability, scalability, flexibility and supports companies with high numbers of users in the automation of their IT user administration.
Beta Systems, headquartered in Berlin, was founded in 1983, has been a listed company since 1997, and employs more than 400 people. Beta Systems operates through Centers of Competence in Cologne and Calgary, as well as 18 subsidiaries worldwide. More than 1,300 customers globally use the products and solutions of Beta Systems to improve their processes and security in over 3,200 running installations. For more information visit the Beta Systems Website.
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries.
For more information visit http://www.banctec.co.uk.
About Corum Group:
Corum Group International S.à.r.l. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide for nearly 25 years and with offices in eight countries. Experience makes the difference with Corum Group, its M&A advisors having completed hundreds of software M&A transactions spanning six continents, enabling the firm to deliver a proven business process for its clients. Corum also educates the industry with its conferences and publishes the most widely distributed software and IT M&A M&A research. Corum’s principals are highly experienced former tech CEOs, who are supported by the industry’s leading researchers, writers and valuation experts. The company has spent more than US $20 million to build the world’s largest and most comprehensive buyer’s databse. This knowledge base combined with corum’s experience and industry expertise, consistenly ensures unequaled success in client engagements. See http://www.corumgroup.com
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