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TMCNet:  Notable Solutions, Inc. Acquires Enterprise Output Management Business From Barr Systems, LLC

[January 09, 2013]

Notable Solutions, Inc. Acquires Enterprise Output Management Business From Barr Systems, LLC

ROCKVILLE, MD, Jan 09, 2013 (MARKETWIRE via COMTEX) -- Notable Solutions, Inc. (NSi) announced today that effective immediately the Company has acquired the Enterprise Output Management (EOM) business and operations from Barr Systems, LLC. Barr's EOM software is a leading solution for enterprise output management, providing proven secure print delivery and cost management capabilities to key vertical industries, including state and local governments, financial services and healthcare organizations.

With this acquisition, NSi expands its addressable market by meeting customer demands for the real-time transformation of data streams from legacy mainframe and ERP systems into contemporary line of business applications. Furthermore, the combined solution adds to NSi's existing secure document capture and print offerings with enhanced mobile printing and centralized print cost management capabilities.

"This is another major step in the continued expansion of NSi's Secure Information Exchange Platform to provide the most comprehensive and competitive portfolio in the industry," said Mehdi Tehranchi, CEO of NSi. "Our solutions initially met the needs of our customer's paper-based workflows and have since expanded to accommodate electronic documents, office productivity, and mobile workforces. With today's announcement, NSi further expands our ability to deliver a broader information exchange platform across organizations within an enterprise. Whether the information originates on a mobile device, mainframe, desktop or even an office MFP, NSi's Secure Information Exchange Platform accelerates the secure delivery of information between virtually any application or device, helping customers improve decision-making, mitigate risks, meet regulatory requirements and lower operating costs." As part of the acquisition, Barr's CEO, Gabriel Schwartzman, has become Vice President of Output Management at NSi. "With this acquisition, we have a unique opportunity to truly redefine the industry," said Schwartzman. "Together, we remain committed to supporting Barr's EOM installed base with an expanded solutions portfolio and leading-edge innovations which will yield even greater cost savings and enhanced efficiencies for our customers." Benefits for Existing NSi AutoStore Customers - NSi customers will benefit from the Company's enhanced print management solution which will integrate user access control, cost management and reporting capabilities. Specifically, the existing NSi channel can offer customers: -- A managed print services offering fulfilled by an enterprise ready rules-based printing, cost management and access control suite; -- A mobile printing solution which includes secure mobile pull print and a secure mobile print submission; -- MFP/Printer fleet monitoring and print control capabilities; and -- Output reporting.

Complementary Vertical Markets - NSi and Barr have a complementary customer base, with more than half of Barr's installed base representing the same key vertical market segments NSi sells into today, including insurance, financial services, and state and local government agencies.

Strong Channel and Vendor Partnerships - The EOM product acquired is sold through similar sales channels as NSi products today which include Konica Minolta, Ricoh, Xerox, and others. With this acquisition, NSi's channel partners will be able to offer a fully integrated portfolio for secure office and production output management, providing customers with centralized management and continuity of operations across the enterprise. NSi will continue to support third-party print and user authentication solutions from partners such as Equitrac, YSoft and others.

Benefits of a Consolidated Platform - Barr's Enterprise Output Management solution complements NSi's strengths in secure print and electronic document capture and the secure exchange of business information in the office environment.

As a result of this acquisition, NSi will open a new office in Gainesville, Florida where it will operate as the Company's Output Management Center of Excellence.

About Notable Solutions (NSi) Notable Solutions, Inc. (NSi) is a leading provider of intelligent paper, electronic document capture and enterprise output management solutions. NSi's flagship product, NSi(TM) AutoStore(R), securely captures business-critical information from virtually any source and then intelligently routes the information and corresponding documents into the appropriate business system or output device. NSi's output management solution also supports mobile printing and centralized print cost management capabilities. Ranked among the fastest growing companies in North America on Deloitte's 2012 Technology Fast 500, NSi serves more than thirteen thousand global customers with offices in Rockville, Maryland, Gainesville, Florida, Wetzlar, Germany, Stockholm, Sweden and Sao Paulo, Brazil. For more information, please visit: www.nsiautostore.com.

Media Contacts: Mara Radis Notable Solutions, Inc.

240.268.8340 Email Contact Barrie Locke Ripple Effect Communications 617.536.8887 Email Contact SOURCE: Notable Solutions, Inc.

http://www2.marketwire.com/mw/emailprcntct id=A5B5A53D10316AA3 http://www2.marketwire.com/mw/emailprcntct id=F7F1639806E67BDA

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