|
Server : Apache/2.4.62 System : FreeBSD fbsdweb2.web.rcn.net 14.1-RELEASE FreeBSD 14.1-RELEASE releng/14.1-n267679-10e31f0946d8 GENERIC amd64 User : www ( 80) PHP Version : 8.3.8 Disable Function : NONE Directory : /domains/svo3oda/pages/news/ |
Upload File : |
<!DOCTYPE HTML>
<html>
<head>
<meta charset="UTF-8">
<meta content="Svoboda Capital Partners" name="description" />
<meta content="Svoboda Capital Partners, Chicago-based private equity firm, investing, management teams, middle market, growth-oriented companies, value-added distribution" name="keywords" />
<title>Svoboda Capital Partners</title>
<?php include("../../includes/styles.php"); ?>
</head>
<body class="news">
<div id="wrapper">
<?php include("../../includes/header.php"); ?>
<div id="colWrap">
<?php include("sideCol.php"); ?>
<div id="mainCol">
<h1>News</h1>
<p class="publication">Databank IMX, LLC Announces Acquisition of Advanced Data Systems Inc.</p>
<p>Chicago, IL – July 17, 2014 – Databank IMX, LLC (“DataBank” or the “Company”), a portfolio company of Svoboda Capital Partners LLC (“SC”), is pleased to announce the acquisition of Advanced Data Systems Inc. (“ADS”). The transaction is the sixth add-on acquisition for Databank since SC invested in January 2011. Specific terms of the transaction were undisclosed.</p>
<p>Headquartered in Tallahassee, Florida with additional offices in Jacksonville, Orlando and Miami, ADS is a business process automation provider, specializing in process optimization, workflow, data capture and enterprise content management. The Company serves a variety of industries.</p>
<p>Post transaction, the ADS team will go to market as DataBank and operate out of its existing facilities in Tallahassee, Orlando, and Jacksonville.</p>
<p>"The acquisition of ADS builds our business in the Southeastern U.S. and provides a wealth of additional services to ADS clients.” said Chuck Bauer, Co-founder & CEO of DataBank. “ADS expands our solutions capabilities particularly within the state & local government, higher education and healthcare insurance markets and widens our client base. We also gain a fantastic group of teammates."</p>
<p><strong>About Databank IMX LLC</strong><br>
Headquartered in Beltsville, Maryland, DataBank is a leading full service provider of outsourced imaging and information solutions, including document scanning, indexing, physical and electronic document storage, and software to manage information. The Company operates a nationwide network of BPO imaging production centers with locations in Maryland, Massachusetts, Connecticut, Indiana, Texas, Louisiana, Florida, California, Minnesota and Nebraska. Across this network, DataBank serves clients in several verticals, including Healthcare, Education, Oil/Gas, and Government sectors, and also provides Shared Services (e.g. accounts payable processing, HR/pension records) across various industries. For more information, please visit <a href="http://www.databankimx.com" target="_blank">www.databankimx.com</a>.</p>
<p><strong>About Svoboda Capital Partners LLC</strong><br>
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $300 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company as the sole investor or in partnership with other private equity firms.</p>
</div>
<div class="clear"></div>
</div>
<?php include("../../includes/footer.php"); ?>
</div> <!-- wrapper ends -->
<script src="https://ajax.googleapis.com/ajax/libs/jquery/1.6.2/jquery.min.js" type="text/javascript"></script>
<script src="../../js/jquery.tools.min.js" type="text/javascript"></script>
<script src="../../js/scripts.js" type="text/javascript"></script>
</body>
</html>