Pharos Systems Acquires PathForward® from Standard Register
01 Setembro 2009 - 5:13PM
Business Wire
Standard Register (NYSE:SR), a leading provider of document and
print management services, today announced that it has completed
the sale of certain assets of its PathForward business unit to
Pharos Systems International.
Included in the sale are Standard Register’s print optimization
software (formerly known as SMARTworks Office Optimization
Software) and related support, implementation and consulting
services. Additionally, Standard Register and Pharos have agreed to
a joint marketing agreement and the seamless transition of
customers and employees.
Joe Morgan, president and chief executive officer, Standard
Register, stated, “We cannot think of a better go-to-market partner
than Pharos, an industry leader in office print that shares
Standard Register’s dedication to client satisfaction. This
transaction reflects the sharpening of focus for Standard Register
and our relentless pursuit of growth and profitability in our core
markets.”
Kevin Pickhardt, chief executive officer, Pharos Systems, said,
“The acquisition will accelerate Pharos’ growth in the corporate
enterprise market. PathForward brings services proficiency and
process excellence to our world-class software offerings. Pharos
immediately enhances our resources and expertise to help customers
optimize print across the enterprise in order to realize the most
significant cost savings and achievement of sustainability goals.
Pharos and PathForward both share a passion for helping customers
lower print costs and use less paper.”
About Pharos Systems International, Inc.
(www.pharos.com)Pharos Systems is the recognized industry leader in
delivering cost-effective, sustainable, and secure print management
solutions to corporations, educational institutions, and libraries
across the globe. Founded in 1992, Pharos is headquartered in
Rochester, New York.
About Standard Register
(www.standardregister.com)Standard Register is a premier document
services provider, trusted by companies to manage the critical
documents they need to thrive in today’s competitive climate.
Employing nearly a century of industry expertise, Lean Six Sigma
methodologies and other leading technologies, the company helps
organizations increase efficiency, reduce costs, mitigate risks,
grow revenue and meet the challenges of a changing business
landscape. It offers document and label solutions, technology
solutions, consulting, and print supply chain services to help
clients manage documents throughout their enterprises.
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