|
Workflow Management, Inc., the parent company of WorkflowOne, announced that it has signed an agreement to acquire Ohio-based Relizon Company. Upon the completion of this acquisition, WorkflowOne and Relizon will represent a $1 billion entity in the North American document management solutions market. In addition, over 5,000 employees and 25,000 combined clients from WorkflowOne and Relizon will mutually benefit from a broader portfolio of products and services. Relizon and WorkflowOne will leverage their respective strengths to provide clients with:
Relizon has been a portfolio company of The Carlyle Group, a private equity firm, since August 2000. Workflow Management, Inc. is a portfolio company of Perseus, L.L.C. and The Renaissance Group, LLC. Terms of the agreement were not disclosed. Closure of the transaction, which is expected to occur in October 2005, is subject to satisfaction of customary closing conditions and receipt of all necessary regulatory approvals. |