M&A Deal Summary

PSIGEN Acquires Cabinet Document Management Solutions

On January 19, 2017, PSIGEN acquired software company Cabinet Document Management Solutions

Acquisition Highlights
  • This is PSIGEN’s 1st transaction in the Software sector.
  • This is PSIGEN’s 1st transaction in the United States.
  • This is PSIGEN’s 1st transaction in Alabama.

M&A Deal Summary

Date 2017-01-19
Target Cabinet Document Management Solutions
Sector Software
Buyer(s) PSIGEN
Deal Type Add-on Acquisition

Target

Cabinet Document Management Solutions

Madison, Alabama, United States
Cabinet Document Management Solutions is a provider of document capture, workflow, content and document management solutions for large enterprises and small and mid-sized businesses. Cabinet’s flagship product, SAFE, empowers users to enjoy the efficiency, security and sustainability of a paperless office while supporting remote workers, exceeding compliance requirements and reclaiming wasted office space.

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Buyer(S) 1

Buyer

PSIGEN

Huntsville, Alabama, United States

Category Company
Founded 1995
Sector Software
DESCRIPTION

PSIGEN is an innovative developer of end-to-end document capture, business process automation and content management solutions. For more than two decades, the company has provided software to improve processes around the capture and management of paper, digital documents, and other mission-critical information. PSIGEN’s solutions focus on cost reduction, compliance, and improved efficiency for any organization. The company's products are designed to provide industry-leading flexibility and scalability, allowing for integration with any type of scanning device, fax server, MFP, or network folder. PSIGEN users have the ability to organize information in PSIGEN’s SAFE document management and workflow solution, or one of 60-plus supported third-party content management systems. It delivers these solutions through a worldwide network of 500-plus authorized resellers and distributors. PSIGEN was formed in 1995 and is based in Huntsville, Alabama.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1