Anacomp Announces Agreement for Purchase of Litton Adesso Software, Inc.
Acquisition of Premier Provider of Internet Document Delivery Further
Enhances Industry-Leading Digital Services Business
SAN DIEGO, July 8 /PRNewswire/ -- Anacomp(R), Inc. (Nasdaq: ANCO), a world leader in digital document-management services, today announced that it has signed a definitive agreement to purchase the stock of Litton Adesso Software, Inc., a leading provider of Internet-based solutions for customer-service applications in the document-management industry.
Adesso Software is a leader in the emerging area of Internet document storage and presentment and has developed the premier technology for high-volume document archival and presentment applications. Using a patented data-compression technology, open-database architecture, and feature-rich document-presentment software, Adesso Software's TASC-COLD offering is able to archive and present a greater number of documents at substantially lower cost than other solutions currently on the market. Other key features of this software solution include tight integration with third-party billing and customer-service applications, performance scalability to address small to extremely high volumes of documents, and superior Internet functionality.
"Adesso Software's TASC-COLD offering provides us with technically advanced online systems capability for our own Internet Document Services offerings," said Ralph W. Koehrer, president and chief executive officer of Anacomp. "We will realize a significant time-to-market advantage in the development of new services while ensuring that we own and control our key assets. Additionally, Adesso brings to Anacomp a core group of very experienced people, which we can build upon, as well as substantial assets and expertise in design, development, implementation, and marketing of large-scale document management solutions."
"This acquisition is an important part of our overall digital services strategy," continued Koehrer. "This is a company that is well known for its highly scalable solution, professional service, and high levels of customer support. And with its premier customer base, primarily in the financial-services sector, Adesso Software and its offerings have great synergy with Anacomp's current initiatives focused on Internet delivery in our key vertical markets."
Based in Reading, MA, Litton Adesso Software currently has approximately 40 employees and is a subsidiary of TASC, Inc., a division of Litton Industries. The Adesso unit will continue to operate from its current location following the close of the transaction.
The transaction, which is contingent on regulatory approval, is expected to close within 45 days.
Anacomp images more customer documents than anyone else in the world. The company is a leading provider of digital document-management outsource services, field maintenance services, and document-management systems and supplies. For more information, visit Anacomp's web site at www.anacomp.com. |
