Buying Solutions Awards BancTec a Place on Public Sector Framework Agreement

Jan 28, 2010, 11:29 ET from BancTec, Inc.

LONDON, Jan. 28 /PRNewswire/ -- BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has been awarded a place on the Software Application Solutions framework agreement for the supply of document and records management solutions to the UK public sector.  Buying Solutions, the national procurement partner for UK public services, made the award, which BancTec has now received twice.

The Software Application Solutions framework agreement provides end-to-end solutions or individual elements and can include consultancy, integration with existing systems, data migration, training and ongoing maintenance.  This framework agreement comprises six Lots, each with its own choice of solution and service providers.  Specifically, BancTec has been awarded Lot 3: Document and Records Management Solutions.

"We are honoured to have been named a preferred, public sector Document and Records Management Solutions vendor for the second time," said Steve Downey, general manager, BancTec Ltd.  "The rigorous process necessary to receive this designation from Buying Solutions, along with BancTec's world class document and content processing capabilities, will help the public sector receive maximum value for investments made in our solutions and services."

Buying Solutions is the national procurement partner for UK public services and is an Executive Agency of the Office of Government Commerce in the Treasury. Working in close collaboration with customers across the public sector, the organization provides a professional procurement service, enabling it to deliver improved value for money in commercial activities.  Buying Solutions has extensive procurement expertise, providing access to over 500,000 products and services delivered through more than 1,000 suppliers in Professional Services, Property & Office Solutions, Energy, Travel, ICT and eCommerce.

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/