Diversified Information Technologies Acquires Active Data Services, Inc.Diversified Adds New Services and Expands into New Markets Through Acquisition SCRANTON, Pa. -- Diversified Information Technologies, a leading provider of document and information lifecycle solutions, announced today that it has acquired Active Data Services, Inc., a business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in firm headquartered in Raleigh-Durham, NC. Diversified Information Technologies (Diversified) solutions manage the complete document and information lifecycle and include integrated records management for both physical and electronic records storage; electronic mailroom processing services; document imaging; and workflow automation and information management consulting services. The company serves the Fortune 1000 in the financial, insurance, healthcare, government and other industries. Active Data Services (ADS) provides document imaging, integrated print and electronic billing, and customer communications solutions in the healthcare, insurance, financial and other industries. Although financial terms of the acquisition were not disclosed, Diversified's 2008 revenue was approximately $35 million, and ADS' 2008 revenue was approximately $15 million according to company spokespersons. ADS executives who will be joining Diversified include Arun Singh, Peter Ransome, Raju Gadiraju, and Susan Cotter. "Through this strategic acquisition Diversified is expanding its footprint in the healthcare industry, its market presence in the Southeast, and is introducing new and expanded services to the market," said Diversified's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Scott Byers. Byers continued, "The acquisition establishes a new and significant operations center in the Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. . Furthermore, it supports our mid-term growth goal of 20% revenue growth per year." "A year ago, Diversified's Board approved a new strategic plan with strategic acquisitions as one of two avenues for growth. Scott Byers was appointed president & CEO and he appointed several new executives to strengthen the company's leadership team. This is our first major acquisition since then," stated Clifford A. Melberger, Diversified's Chairman of the Board. "Our companies' combined strengths, complementary markets and services, and solid leadership teams will position Diversified as a significant provider in the outsourced information management services field," said Ken Eller, CEO of ADS. Eller continued, "As a leading provider of services that facilitate the transition to electronic medical records (EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ) in the healthcare industry, ADS has a solid customer base in the Southeast, a region that has experienced consistent business investment and growth in the technology and healthcare markets." Diversified Information Technologies, founded in 1982, is headquartered in Scranton, PA, two hours from NYC. Diversified's solutions manage the complete document and information lifecycle and include integrated records management solutions for both physical and electronic records storage; electronic mailroom processing services; document imaging; and workflow automation and information management consulting services. With processes, people and facilities fully certified and compliant with federal and industry regulations including HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, , Sarbox, NARA Nara (nä`rä), city (1990 pop. 349,349), capital of Nara prefecture, S Honshu, Japan. An ancient cultural and religious center, it was founded in 706 by imperial decree and was modeled after Chang'an (see Xi'an), the capital of T'ang China. 36CFR CFR See: Cost and Freight , ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001, and SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. 70 Type II, we serve the Fortune 1000 in the financial, insurance, healthcare, government and other industries. Diversified has 15 U.S. and three international locations. For more information, visit www.diversifiedweb.com. ADS provides integrated print and electronic statement, billing and customer communications solutions and document imaging services. Services include printing, mailing and electronic delivery of bills, statements, EOBs, and other business communications; and backfile and day forward document imaging and data conversion services. ADS' clients include Allscripts, BC/BS BC/BS Blue Cross and Blue Shield of North Carolina, College Foundation, Asea Brown Boveri, and AICPA AICPA See American Institute of Certified Public Accountants (AICPA). . ADS strategic partners include IKON, Oce, Pitney Bowes, Bowe Bell+Howell, Sorriso Technologies, Kofax and Kodak. ADS was founded in 2001 and is headquartered in Raleigh, NC. For more information visit www.activedataservices.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion