Diversified Information Technologies Joins Forces with UK-based EDM Group Information management companies come together to form new international leader Scranton, Pa. – Leading document management specialist Diversified Information Technologies (DIT) announced today that it will unite with the international EDM Group, one of the U.K.’s largest providers of outsourced information management services. EDM’s acquisition of DIT provides an influx of capital, strength and support to fuel further growth and investment across U.S. markets.
As a result, DIT becomes part of the EDM Group as the newly formed EDM Americas, which will operate independently as a wholly-owned subsidiary that will serve clients on this side of the Atlantic. The brand transition will be gradual, but will begin immediately.
“This is a great day for DIT, EDM, our employees and our clients,” said Scott Byers, chief executive officer of the new EDM Americas. “As individual companies, we shared a vision of where the information management industry was headed. Together, we now have the opportunity to offer something unique to our clients – a global, truly paperless solution that makes you faster, more compliant and more secure. We are very excited about what we can do as a unified team.”
Byers has served as the president and chief executive officer of DIT since 2008. He will maintain his role as the head of EDM Americas. His executive team and DIT employees will transition with him, including Arun Singh, vice president of global operations, Warren Lederer, vice president of solutions and Leo Malsky, vice president of integrated systems. Byers will be a member of the EDM Group’s board of directors. The DIT deal is the fifth strategic acquisition completed by EDM since the beginning of 2011. It also doubles the size of the company and further extends EDM’s existing capabilities to provide one of the industry’s most comprehensive and advanced offerings – combining market-leading services in digital mailroom, print room, document digitization, records management, and SaaS solutions for business process management and document hosting.
“This decision was made for the present and the future,” said Byers. “The DIT business is a great fit for EDM. The combined physical, technological, intellectual and human assets of the enlarged EDM will enable us to continue to innovate and provide an excellent service for our customers on both sides of the Atlantic.”
Collectively employing more than 1,400 staff, the enlarged EDM Group now has a combined annual document scanning throughput of more than 455 million images and 10 million cubic feet of physical documents in secure storage. It will operate across 9 U.K. locations, as well as DIT’s 22 facilities that span 13 US States and one offshore location in Barbados, West Indies. It was completed with support from leading U.K. private equity provider LDC.
For more information on this transaction, please contact:
Nick Baughan
nbaughan@marbau.com
610.616.3294
Chris Skoff
cskoff@marbau.com
610.616.3297
Chris Rose
crose@marbau.com
610.616.3298
Bill Takeuchi
wtakeuchi@marbau.com
610.616.3296
About EDM
The EDM Group provides over 700 clients with effective, efficient ways to manage the rapidly growing volumes of information flowing into and through their businesses every day. Proven consultancy and technical expertise enables EDM to capture and distribute this information directly to the people who need it: quickly, accurately and at lower cost. EDM’s growing client base spans organisations from all sectors including financial services, public sector (central & local government and NHS), professional services, manufacturing, distribution, retail, pharmaceuticals, private healthcare, utilities and charities. Its clients include; Avis Budget EMEA Ltd, Nationwide Building Society, Companies House, Legal & General, Lloyds Banking Group, Grant Thornton and numerous healthcare providers including NHS Trusts, Bupa and BMI hospitals.
For more information on the EDM Group, please visit www.edmgroup.co.uk.
About Diversified Information Technologies
Diversified Information Technologies Inc., founded in 1982, headquartered in Scranton, Pa., is a document management specialist. The company designs tailored, integrated solutions that allow its clients to communicate, capture, process and preserve your most critical information faster, more efficiently, and with more security. Company processes, people and facilities are fully certified and compliant with federal and industry regulations including HIPAA, ISO 9001-001, NARA 36 CFR, NAID, FISMA / NIST and SOC2. DIT serves the Fortune 1000 and industries that require stringent document and information security and compliance standards. Diversified has 22 locations across the U.S. and internationally.
For more information, visit www.gotodiversified.com or call (800) 852-9809.
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Compliance & Legal Solutions sectors. Our focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as leading boutique investment bank by combining bulge-bracket expertise with boutique service. We deliver results for clients advising on sales of entire companies and divisions, acquisitions and private placements of equity and debt securities.
For additional information please visit www.marbau.com