LONDON, March 12 /PRNewswire/ -- BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with Birikim Automation Systems (Birikim Otomasyon Sistemleri), a leading vendor of document-based solutions based in Turkey. The agreement covers the distribution in Turkey of BancTec's highly acclaimed IntelliScan® and E-Series high-speed document scanning and sorting transports, as well as the eFIRST family of software products.
"Birikim is an important IT provider in Turkey, a market that is experiencing solid growth in many sectors," said Darren Riley, sales manager, EMEA Emerging Markets, BancTec. "Birikim's extensive market presence, combined with our industry-leading solutions, will form a strong partnership to address a growing demand for document management solutions in Turkey. We look forward to developing many innovative solutions with Birikim in the future."
"Birikim Automation Systems is a leading IT company in Turkey, with a particular focus on document-based solutions, including document management outsourcing," said Erdal Akgul, general manager for Birikim. "By partnering with BancTec, we will be able to provide enterprise-class solutions to the Turkish market, especially in finance, telecom and government. We also envision opportunities where we can partner with BancTec to provide business process outsourcing (BPO) services for our clients."
Turkey has a dynamic economy with modern industry and commerce, as well as traditional agriculture. The private sector has grown in some recent years, yet there is still a strong state presence in basic industry, banking, transport and communications. Real GDP growth has exceeded 6% in many years, though global economic conditions caused growth to slow to 0.9% in 2008 and to contract by 6.0% in 2009. Further economic and judicial reforms and prospective EU membership are expected to boost foreign direct investment in coming years (Source: CIA World Factbook).
About Birikim Automation Systems
Birikim Automation Systems is a leading information technology (IT) company in Turkey that specializes in document-based solutions. Birikim develops its own document management (InfoStore), form processing (InfoForm, InfoClass) and other kinds of software, and has an increasing market share in document management outsourcing. Furthermore, Birikim is a distributor of Panasonic document scanners, as well as serving in the market with FaxBack fax server and ADA Systems document management products and solutions. More information is available at http://www.birikimsis.com.tr/
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.co.uk or call +44 (0)1753 778888.
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.
SOURCE BancTec, Inc.