M&A Deal Summary

Imaging Business Machines Acquires Exela Technologies - IntelliScan Smart Scanning Solutions

On June 9, 2023, Imaging Business Machines acquired technology hardware company Exela Technologies - IntelliScan Smart Scanning Solutions from Exela Technologies

Acquisition Highlights
  • This is Imaging Business Machines’ 1st transaction in the Technology Hardware sector.
  • This is Imaging Business Machines’ 1st transaction in the United States.
  • This is Imaging Business Machines’ 1st transaction in Texas.

M&A Deal Summary

Date 2023-06-09
Target Exela Technologies - IntelliScan Smart Scanning Solutions
Sector Technology Hardware
Buyer(s) Imaging Business Machines
Sellers(s) Exela Technologies
Deal Type Divestiture

Target

Exela Technologies - IntelliScan Smart Scanning Solutions

Irving, Texas, United States
Exela Technologies' IntelliScan Smart Scanning Solutions includes high-volume scanner and North America hardware maintenance businesses.

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Buyer(S) 1

Buyer

Imaging Business Machines

Birmingham, Alabama, United States

Category Company
Founded 1992
Sector Technology Hardware
DESCRIPTION

Imaging Business Machines is a provider of high speed, intelligent document scanning hardware and software, as well as recurring support and maintenance services. Imaging Business Machines was founded in 1992 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Exela Technologies

Irving, Texas, United States

Category Company
Sector Software
Employees13,100
Revenue 1.1B USD (2023)
DESCRIPTION

Exela Technologies is a global business process automation leader combining industry-specific and industry-agnostic enterprise software and solutions with decades of experience. The company BPA suite of solutions are deployed across banking, healthcare, insurance and other industries to support mission-critical environments. Exela Technologies is based in Irving, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-24 Source Advisors

Fort Worth, Texas, United States

Source Advisors is a provider of tax incentive solutions to middle-market companies. Source Advisors was founded in 1983 and is based in Fort Worth, Texas.

Sell -