BancTec and IBML announce settlement of pending litigation
26.07.2007 — Dallas, Texas
Imaging Business Machines, LLC (IBML) and BancTec are announcing the settlement and resolution of litigation originally filed in 2004. The case had been awaiting trial in U.S. District Court.
?Litigation is never the preferred path. We are pleased to have this matter behind us and look forward to focusing our efforts on delivery of our state-of-the-art products, services and solutions to the marketplace,? said Derrick Murphy, chief executive officer and president, IBML.
?We appreciate the efforts of the executives from both companies in bringing this litigation to closure,? said J. Coley Clark, chairman and chief executive officer, BancTec. ?Final resolution enables us to more fully devote our attention to the exciting opportunities we foresee for BancTec.?
By agreement, IBML, BancTec and their counsel will have no further comment on the litigation or the terms of the settlement agreement.
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About BancTec
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries.
