LRS to Acquire Capella Technologies
SPRINGFIELD, Ill., May 13, 2013 /PRNewswire/ -- Today, Levi Ray & Shoup, Inc. (LRS) announced that it is acquiring Capella Technologies Inc. (Capella). After more than a decade of successful collaboration with Capella, Capella will become a division of LRS, a global leader in enterprise software for output management. Capella management and staff will continue to operate their business and service their traditional customers, markets, and partners.
"We've been working with Capella since 2002, sharing market knowledge and technologies," said John Howerter, LRS Senior Vice President of Product Marketing. "LRS and Capella are very compatible in many ways including our company's cultures, technical skillsets, and the markets we pursue. LRS will continue to focus on our target enterprise markets and the Capella division of LRS will continue to focus on their core markets, but both companies are excited about the new things we can do together across both of our markets."
Capella founder Robert Blanchet, who will run the Capella division of LRS adds, "We're proud to join the LRS team. Combining our resources and expertise will enhance our ability to compete in a rapidly-evolving marketplace. As always, we remain committed to the success of our mutual customers and valued technology partners. Together with LRS, we will revolutionize the way customers use and manage documents by providing efficient, secure, and cost-effective information access."
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
Since the mid-1990s, Capella Technologies has specialized in creating solutions that extend the capabilities of HP LaserJet printers and MFP devices while also helping organizations to manage their printing related activities in the most efficient, secure and cost-effective manner possible. For more information about Capella Technologies, visit www.capellatech.com.
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SOURCE Levi, Ray & Shoup, Inc.