UPCOMING EVENTS
New Distribution Agreement With KIMI Data Strengthens BancTec’s Position in One of Asia’s Leading Information Economies
07/28/2010
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Enables further growth in Asia-Pacific (APAC) region
LONDON (July, 27, 2010) - BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with South Korea-based KIMI Data, a leading provider of hardware and software solutions, as well as business process outsourcing (BPO) services. The agreement covers distribution of BancTec’s highly acclaimed IntelliScan® and E-Series high-speed document scanning and sorting transports.
“KIMI Data, with a superb team of hardware and software technicians, has established a leading position in South Korea for document management and imaging solutions. Government directives and sponsorship of ICT initiatives make KIMI Data an ideal partner to help BancTec further expand our footprint in the APAC region,” said Jim Forkin, vice president of international business development, BancTec. “KIMI’s established expertise in both solutions and BPO services, combined with our enterprise-scale scanning solutions, will deliver significant benefits for large organisations throughout one of the fastest growing information economies in Asia."
“The BancTec suite of products will strengthen our position in the high-end production scanner and imaging solutions market, which is growing with the rest of information technology sector in Asia Pacific. In addition, BPO in the document processing arena is set for further growth,” said Soo-Young Kim, Chairman, KIMI Data. “We look forward to partnering with BancTec to extend the range of solutions we offer and further our involvement in the technology adoption initiatives being implemented by both government and the private sector in the region.”
South Korea is a vibrant and sophisticated market, with one of the highest broadband penetration rates in the world and planned GDP growth of 4.5% in 2010 (Source: OECD and IMF). While not completely immune, the South Korean market has weathered the global downturn relatively well as a result of export growth, low interest rates and an expansionary fiscal policy (Source: CIA World Factbook).
About KIMI Data
KIMI Data has been growing as a leading and professional System Integration Company in IT industry of South Korea under the customer orientation and human resource development management philosophy since its establishment in 1986 until now.
KIMI Data provides VAR (Value Added Reseller) service for HP and Dell hardware products and total solution for ORACLE and Siemens software products as its major business.
KIMI Data is also expanding its business to system integration in security area as a specialized business.
KIMI Data has wide range of customers in public, private and multidisciplinary areas, but particularly has a strong sales network in government agencies and defence sectors through its expert and customer oriented service.
For more information on KIMI Data, please visit www.kimi.co.kr.
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 +44 (0)1753 778888.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts are “forward-looking statements” describing BancTec’s objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.
OBSERVATIONS
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