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Home News QualxServ Closes Acquisition of BancTec Information Technology Service Management (ITSM) Division
QualxServ Closes Acquisition of BancTec Information Technology Service Management (ITSM) Division

Acquisition Positions QualxServ for Global Expansion

TEWKSBURY, Mass. - January 15, 2009: QualxServ LLC, a leading provider of technology deployment and field delivered support services, today announced that it has closed on the acquisition of BancTec, Inc.'s Information Technology Service Management (ITSM) division. With the acquisition, QualxServ, already one of the world's largest providers of technology deployment and field delivered support services, increases its client base and global reach.

"With BancTec ITSM portfolio of solutions and resources, QualxServ is now more competitive than ever on a global scale. Our customers will benefit from our integrated technology services and operational capabilities," said Bob Lerner, QualxServ president and chief executive officer, "QualxServ is committed to providing partners and customers with a total solution for all their technology needs, and BancTec ITSM is highly complementary to QualxServ's existing services."

The acquisition strengthens QualxServ's technology services portfolio, expands its global reach and increases its scale and operating efficiency. ITSM brings to QualxServ comprehensive deployment and maintenance services on computers, servers, printers, peripherals and networks for original equipment manufacturers (OEMs) and information technology outsourcing (ITO) service providers in North America and Europe.

Terms of the acquisition were not disclosed.

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.com or call 1-800-BANCTEC.

About QualxServ
QualxServ is the global leader in service event management. We deliver the best in class service event management for our clients and their customers through maintenance and deployment solutions, field maintenance services, technology deployment services, and consumer electronic services. We support our clients worldwide with over 2,600 employees operating in 11 countries. For more information, please visit www.qualxserv.com