Whitehill Technologies has purchased InSystems, a subsidiary of document services provider Standard Register. Financial terms of the deal were not disclosed. "We believe InSystems will be better positioned for success as part of a software company," says Dennis Rediker, Standard Register's president and CEO. "The combined company's critical mass will be nearly 1,000 customers strong, including several hundred insurance companies and more than half of the world's largest law firms," says Paul McSpurren, president and CEO, Whitehill Technologies, Inc. "InSystems clients, products, and people will find a welcome home with Whitehill."
Current InSystems customers should expect business to continue without interruption, according to Whitehill. The combined companies have more than $60 million invested in R&D. The shared vision to build upon the domain expertise, process knowledge, and service delivery success of the combined companies was a key driver of the acquisition, according to Whitehill.
Tom Eisenhauer, chairman of Whitehill, adds: "It is not often an M&A transaction happens for all the right reasons–Standard Register's commitment to doing the right thing is what made this deal happen. We are very excited about Whitehill's continued success as it positions itself for even greater growth."
Whitehill now has more than 200 employees and offices in Canada (Markham, Ont.), the U.K. (London), and the United States (Roanoke, Va.), with its corporate headquarters remaining in Moncton, New Brunswick, Canada.
Whitehill already has started meeting with InSystems customers and will continue to do so. The increased scale of the combined organization should facilitate new offerings above and beyond InSystems existing release plans.
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