RealTime IT News

Group 1 Acquires Assets of Digital Archiving and Retrieval Company

Group 1 Software has completed the acquisition of assets of Toronto-based Vision-R eTechnologies, a provider of scalable electronic archive and retrieval software solutions. The acquisition adds next- generation, real-time storage, compression and high-speed retrieval of business documents to Group 1's DOC1 customer communications management suite. Financial terms of the term were not disclosed.

The DOC1 suite permits enterprise-wide creation and management of highly personalized customer communications and messaging campaigns for multi-channel delivery. The addition of Vision-R's highly scalable technology to the DOC1 suite offers the ability to archive and view millions of documents and maintain years of historical billing and statement data online.

DOC1 Archive's functionality provides consumers as well as customer service representatives access via a Web browser or online to DOC1- generated bills and statements. The technology can also accept documents from other composition systems.

Vision-R's technology has been proven across a variety of industries where thousands of users require instant access to customer documents and reports. The company's customer base includes Prudential Insurance, Enbridge Gas and Toronto Dominion Bank.

"Vision-R provides us with technology and talented individuals that significantly complement and strengthen our DOC1 solutions," said Bob Bowen, chief executive officer of the Lanham, Md.-based Group 1 Software. "Vision-R adds proven, powerful storage and retrieval capabilities to our end-to-end document generation and delivery suite. As with our recent acquisitions of TriSense Software and HotData, Group 1's financial strength continues to allow us to make strategic acquisitions that extend our core technology."