BancTec Taps SeeSam Solutions as Pakistan Distribution Partner

Jan 19, 2010, 01:00 ET from BancTec, Inc.

LONDON, Jan. 19 /PRNewswire/ -- BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with Pakistan-based SeeSam Solutions, a leading enterprise solutions provider and the key player in the country's document management industry. The agreement covers the distribution in Pakistan 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.

"SeeSam possesses an excellent set of technical and operational credentials, with particular expertise in the document capture, imaging and workflow sectors. The company's impressive client base has been built upon sound ethics and forward thinking professionals, led by an impressive management team," said Jim Forkin, vice president, international business development, BancTec. "We look forward to developing many innovative solutions with SeeSam over the coming months and years, and are happy to extend again our international partner channel business."

"We have an extended offering now with the BancTec portfolio of hardware and software in our arsenal to address many more opportunities in our markets here in Pakistan and further help our customers enhance productivity, control costs and share information across distributed locations," said Nasimullah Siddiqui, chief executive officer, SeeSam Solutions. "We are confident about taking a leading role in this emerging region of new prospects and look forward to a long lasting business relationship with BancTec."

Improved economic performance in Pakistan is creating additional demand for business and technology solutions. Financial services, government and private businesses are seeking innovation and are playing a part in the country's emerging global economy.

About SeeSam Solutions

SeeSam Solutions mainly works in the areas of technology and solutions, converting desire into reality and offering a full range of services in the field of digital document management. SeeSam offers services such as consultation, application design, software development, hardware selection and integration, installation, conversion services, training and support. SeeSam has strategic partnerships with a host of industry leaders to help provide customers with enterprise-class solutions through their country-wide network. To learn more about SeeSam visit www.seesam.biz or call the customer desk at 021-34301934-36.

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.co.uk 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.

SOURCE BancTec, Inc.



RELATED LINKS

http://www.banctec.co.uk


http://www.seesam.biz