Captaris, Inc. announced it has signed a definitive agreement to acquire Information Management Research (IMR) Inc., a software vendor in the archiving and records management market. IMR’s Alchemy product line helps organizations capture, archive and retrieve business information. The combination of IMR and Captaris will enable the company to provide complete solutions for Business Information Delivery. Captaris will purchase IMR for $26.5 million in cash consideration, subject to a net working capital adjustment at closing. The transaction is expected to close in October, subject to customary closing conditions. IMR is an Integrated Document Archive and Retrieval Systems (IDARS) vendor. The company’s Microsoft-based solutions complement other Captaris solutions including the RightFax enterprise fax and e-document delivery, Teamplate business process workflow and Interchange information automation products. www.imrgold.com, www.captaris.com

Share