Captaris to purchase IMR
Captaris has signed a definitive agreement to acquire Information Management Research (IMR) for $26.5 million in cash consideration, subject to a net working capital adjustment at closing. IMR is best known for it archiving and records management offerings. Captaris says the acquisition will enable the company to provide complete solutions for business information delivery.
Captaris adds that IMR’s Microsoft-based integrated document archive and retrieval systems solutions will complement its existing RightFax enterprise fax and e-document delivery, Teamplate business process workflow and Interchange information automation products. With a combined base of almost 100,000 system shipments worldwide, Captaris and IMR's offerings can now be jointly deployed and integrated.