Intellinetics Inc., a Columbus cloud-based document solutions provider, has acquired substantially all the assets of CEO Imaging Systems Inc., doing business as CEO Image Systems, a Plymouth, Michigan, document solutions company. The transaction expands Intellinetics’ content management products and services to highly regulated, risk and compliance-intensive markets.
CEO Imaging Systems, which specializes in the K-12 education market, as well as financial services, had $500,000 in revenues (unaudited) in its most recent fiscal year, which ended Dec. 31, 2019.
Brad Lahr, president of CEO Imaging Systems, along with key support personnel, will be joining Intellinetics.
“We are excited to be working with Brad and his team,” Intellinetics President and CEO James F. DeSocio stated. “Their focus on customers matches our culture and, like with us, their customers tend to stick with them a long time. Their successes in the financial services niche, and especially the K-12 education market, are impressive, and together we will have a stronger footprint in these areas. Further, each of us has complementary solutions and utilities that we can share with the other’s customers to drive wins with those customers.
“We continue to be confident in our focus on the K-12 industry as a key market, and this purchase underscores that confidence. We believe that the acquisition of CEO Imaging Systems will be accretive and therefore add value to our investors just as it adds value to our collective customers.”