LONDON, October 28 /PRNewswire/ -- BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with Moscow-based PIRIT to sell BancTec solutions in Russia and other Commonwealth of Independent States (CIS) countries, including Ukraine, Kazakhstan and Belarus. The agreement covers distribution of BancTec's highly acclaimed IntelliScan(R) and E-Series high-speed document scanning and sorting transports.
PIRIT has built a solid business in these emerging markets, and will provide an immediate presence for us that would have been difficult to develop otherwise, said Darren Riley, sales manager, EMEA Emerging Markets, BancTec. PIRIT's strong reputation as a provider of document management and scanning solutions, combined with our enterprise-scale product line, will create a winning combination for the region's largest organizations. We look forward to partnering with PIRIT to extend the range of solutions it provides and expanding BancTec's participation in the region.
BancTec is a well-known vendor of solutions that help organizations make their document and payment processing operations more efficient and cost-effective, said Natalya Vrublevskaya, marketing manager, PIRIT. BancTec's enterprise-scale solution expertise and our market coverage will serve customers well in the region.
Russia and the other CIS states have made significant improvements in recent years in building infrastructure, reducing the state's role in the economy, reforming the tax and financial systems and lessening their reliance on energy and raw materials. Still, strong legislative requirements necessitate much paperwork and recordkeeping, creating a need for high-speed transports that can scan documents and generate electronic archives, especially in large, document-intensive organizations.
PIRIT is well positioned to fulfill this need as it has an extensive customer base of administrative bodies (Presidential Administration, Federation Council and State Duma) and other large-scale organizations including ministries, banks, insurance companies, major manufacturers and universities.
PIRIT was founded in 1990. PIRIT focuses on activities that can provide distribution market leadership with key document scanner vendors (more than 80% market share). PIRIT offers competitive software products of ABBYY (http://www.docscan.ru/kofax.asp?overview_id=97306), EMC (http://www.docscan.ru/kofax.asp?overview_id=97282), Kofax (http://www.docscan.ru/kofax.asp?overview_id=93923) - the world leaders of capture software engineering. A dealers' network consists of more than 660 companies of all Russian regions (from West-edge Kaliningrad to East-edge Vladivostok).For more information you can visit http://www.docscan.ru or call +7-495-785-55-54
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.
CONTACT: James Silcock of BancTec, Ltd., +44-01753-778813,firstname.lastname@example.org