LRS Finalizes Acquisition of Capella Technologies
ANAHEIM, Calif., July 15, 2013 /PRNewswire/ -- Today, Springfield, IL-based Levi Ray & Shoup, Inc. (LRS) announced that it had finalized its acquisition of the business of Capella Technologies (Capella). The newly purchased business will now be referred to as Capella Technologies, a Division of Levi, Ray & Shoup, Inc., and will continue to operate from Capella's existing Anaheim, CA location. LRS is in the process of consolidating its California operations and relocating its existing sales and technical teams to the Capella facility in Anaheim.
Capella founder Robert Blanchet will continue in this new LRS division as Vice President in charge of its operations and personnel. "We've received a warm welcome from our new colleagues at LRS," remarked Blanchet. "Our team recognizes the opportunity this gives us to enhance our offerings and improve our customers' ability to improve critical business processes."
John Howerter, LRS® Senior Vice President of Product Marketing, added, "It has been a busy two months since announcing our acquisition plans. Behind the scenes, our support staff has been hard at work on integrating our internal systems. Our product teams have also been working hard on a few projects that we hope to bring to market by the end of the calendar year. I am already seeing evidence that LRS and Capella are far better together than we were as separate organizations."
LRS is a privately-held U.S. company with corporate headquarters located in Springfield, Illinois, USA. Remote offices are located throughout the United States and in key geographic regions around the world. More than half of the Fortune 1000 companies rely on industry-leading LRS® solutions, with products in use in over 30 countries. Industry analyst groups recognize LRS as a global IT leader and Software Magazine consistently ranks LRS as one of the top software companies in the world. For more information about LRS, visit www.LRSOutputManagement.com.
About Capella, a Division of LRS
Capella Technologies, a Division of Levi, Ray & Shoup, Inc., supports Corporate, SMB, Educational and Government/institutional markets through a worldwide sales and distribution network. An HP Platinum & Gold Solution Provider, Capella has been presented multiple Hewlett Packard awards including Outstanding Technical Innovation and HP's IPG Business Solutions Partner of the Year awards.
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