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BancTec Inks Distribution Agreement With ImageTEK

December 16, 2009

LONDON, Dec. 16 /PRNewswire/ — BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with South Africa-based ImageTEK, a leading provider of scanners and document capture solutions. The agreement covers distribution in South and sub-Saharan Africa of BancTec’s highly acclaimed IntelliScan® and E-Series high-speed document scanning and sorting transports.

“ImageTEK has a depth of experience and proven capability in delivering document capture solutions and scanners throughout South Africa and beyond. Combined with their superior technical support organisation, these capabilities make ImageTEK the best partner for BancTec to further expand our international footprint,” said Jim Forkin, vice president of international business development, BancTec. “Their market penetration and extensive relationships, in conjunction with our enterprise-scale solutions, will deliver significant benefits for large organisations throughout the region.”

“There is a gap in the high-end production scanner technology market, and we believe that BancTec will be able to furnish us with solutions that enhance, and reduce the cost of, document and payment processing operations,” said Ian Humphreys, CEO, ImageTEK. “We look forward to partnering with BancTec to extend the range of solutions we offer and further our involvement in the massive technology adoption initiatives being implemented by both government and the private sector in the region.”

The South African government has embarked on an ambitious 10-year, $80 billion capital expenditure program, which will fuel significant growth in both the public and private sectors. The major growth in business process outsourcing (BPO) and service related industries will provide increased demand for document capture and scanning related technologies.

About ImageTEK

ImageTEK is a member of the Premark Holdings Group of Companies. Established in 1995, they are Africa’s leading specialist distributor for document capture products. They provide the market with hardware and software through a dedicated channel of System Integrators and Imaging Solutions Vendors (ISVs). Their portfolio of world leading products includes Fujitsu, Kodak, Bell+Howell, Panasonic and PlusTEK document scanners, document capture, indexing and quality control software from Kodak and Kofax. Their “Custom Operations Group” provides customized development, system integration, planning and implementation services. Sister company ServiceTEK provides national on-site service, support and maintenance.

About BancTec

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 on how BancTec can help you optimize information management, visit www.banctec.co.uk or call +44 (0)1753 778888.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts are “forward-looking statements” describing BancTec’s objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

SOURCE BancTec, Inc.


Source: newswire



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