Dictaphone Announces Sale of Electronic Manufacturing Services (EMS) Division to Bulova Technologies LLC; Continues Company's Strategy To Focus Resources on Core Healthcare IT Market.STRATFORD, Conn. -- Dictaphone Corporation announced today the sale of its Electronic Manufacturing Systems (EMS) Division to Bulova Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Dictaphone EMS will be acquired through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Bulova Technologies EMS LLC. Dictaphone EMS is located in Melbourne, Florida Melbourne is a city in Brevard County, Florida, United States. As of the 2000 census, the city had a total population of 71,382. As of 2005, the population estimated by the U.S. Census Bureau is 76,646. , and is engaged in the contract manufacturing of sophisticated electronic products for a variety of well-known companies. EMS currently employs approximately 340 employees. Stephen L. Gurba, President and Chief Executive Officer of Bulova Technologies LLC, said that the two organizations provide a natural complement for each other. EMS complements Bulova Technologies' core strength in contract manufacturing and provides additional depth of management. Each organization should benefit by the broadening of experience and the introduction of new customers. Dictaphone's sale of the Electronic Manufacturing Services (EMS) Division unit is part of its continuing strategy to create a company focused principally on the healthcare information technology market. The sale of the Electronic Manufacturing Services (EMS) Division follows the company's recent divestiture of its CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist Communications Recording Systems business, which involved the assembly of more hardware-intensive communications recording systems within the company's EMS facility. "The sale of our Electronic Manufacturing Services (EMS) Division continues our strategy to focus on speech recognition and related voice and data technologies within the healthcare IT market, where we have experienced strong growth and developed an industry-leading product portfolio," said Rob Schwager, Chairman and Chief Executive Officer, Dictaphone Corporation. "I am pleased that our Electronic Manufacturing Services (EMS) Division has found a good home with an industry leader such as Bulova Technologies." About Dictaphone Dictaphone is the leading provider of dictation, transcription, speech recognition and natural language processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as systems in the healthcare market, and is also the leading provider of highly scalable dictation systems focused upon the public safety and legal markets. Dictaphone is headquartered in Stratford, Connecticut Stratford is a town in Fairfield County, Connecticut, United States, located on Long Island Sound at the mouth of the Housatonic River. It was founded by Puritans in 1639. The population was 49,976 at the 2000 census. , and has worldwide marketing, sales, service and support organizations throughout United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the United Kingdom, Canada and Europe. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion