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  6. Databank IMX Acquires Griffith

M&A Deal Summary

Databank IMX Acquires Griffith

On December 4, 2014, Databank IMX acquired information technology company Griffith

Acquisition Highlights
  • This is Databank IMX’s 3rd transaction in the Information Technology sector.
  • This is Databank IMX’s 5th transaction in the United States.
  • This is Databank IMX’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2014-12-04
Target Griffith
Sector Information Technology
Buyer(s) Databank IMX
Deal Type Add-on Acquisition

Target

Griffith

Huntington Valley, Pennsylvania, United States
Griffith (dba Alpha) is a provider of electronic document management solutions to improve revenue cycle operations to hospitals and health systems in the Mid-Atlantic region.

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Buyer(S) 1

Buyer

Databank IMX

Beltsville, Maryland, United States
Category Company
Founded 1991
Sector Information Technology
DESCRIPTION

Databank IMX LLC is a provider of outsourced imaging and information solutions, including document scanning, indexing, physical and electronic document storage, and software to manage information. The company provides these services to customers in the government, higher education, healthcare, energy and general industrial markets.

DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
State: Pennsylvania M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 Advanced Data Systems

Tallahassee, Florida, United States

ADS is a business process automation provider, specializing in process optimization, workflow, data capture and enterprise content management.

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