Haden makes second acquisition

Formscan grows document solutions remit as Digital Documents Ltd comes on board

Formscan, the information management solutions and services group led by well-known document management industry entrepreneur Chris Haden, has announced the acquisition of Digital Documents Ltd.  This acquisition adds major capabilities to the Formscan service portfolio, to include: on-site and off-site document scanning services; secure online document hosting with indexing, storage and retrieval; and the development and provision of bureau management software. The acquired company comes with a pedigree of eight years’ quality client service.

Through this latest acquisition, the investor group led by Haden brings Formscan’s turnover to £2.3 million, and creates a service portfolio offering clients true end-to-end document management and archiving solutions.  This is the most recent in a series of moves planned by Haden to develop Formscan as a platform upon which to build a significant document solutions business throughout Europe.

From Haden’s acquisition of Formscan last year, it was his intention to extend its established data capture services to encompass outsourced hosted solutions, archive and retrieval services, along with compliance, and disaster recovery solutions; all based on Haden's successful track record and that of his new team.

Commenting on the acquisition, Chris Haden remarked, “Secure and effective document management is an extremely topical concern for organisations in both the public and private sectors.  In the US, UK and Europe, issues such as security, disaster recovery, customer service standards and regulatory compliance have all thrown document storage and management processes firmly under the spotlight. 

“Few organisations in the document management industry offer the flexibility, client service and attention to detail that we know to be essential in this much more rigorous and scrutinised marketplace. The newly extended team at Formscan, however, has the proven experience, skills and capabilities for customers to safely entrust them with critical document archives. Secure management of data and documents is an issue that CEOs and CFOs need to deal with. This means that measures which most organisations should have set in place years ago now have to be done rapidly and professionally by supplier-partners who really know what they are doing.  This represents a substantial opportunity for Formscan.”

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