Targeted acquisition improves DocStar’s North American Market Share
Schenectady, NY – DocStar, a division of Astria Solutions Group LLC and award-winning developer of cloud and on-premises enterprise content management software (ECM), announced today that it has acquired the DocuLex suite of document management products of Winter Haven, Florida-based Protected Trust LLC. The asset acquisition will complement and extend DocStar’s existing ECM portfolio and installed base and will add more than 1,000 mid-size to enterprise-level clients to DocStar’s current installed base of nearly 7,000 organizations.
According to Thomas Franceski, President of Astria Solutions Group, “We are excited to welcome the DocuLex customers to the DocStar family. There are strong synergies between the two organizations that we intend to leverage to increase the value we provide to each customer.
Franceski continued, “DocStar’s products and solutions have been in the marketplace for 20 years and have been well received by multiple industries. DocuLex customers can be confident about our product knowledge, professionalism and dedication to providing a great customer experience.” Franceski added that current DocuLex customers will be supported on their existing platform into the foreseeable future.
DocStar intends to supplement organic growth with targeted acquisitions similar to the DocuLex transaction. The company experienced strong growth (30%) in 2013 from the introduction of its cloud-based ECM offering and next generation AP Automation solution.
Founded in 1994, DocStar™ is an award-winning developer of web-based enterprise content management solutions for organizations of any size. DocStar creates and delivers innovative and reliable enterprise content management software, supported by a highly responsive team. Available either on-premises or as a cloud hosted service, our solutions allow enterprises to gain control over documents, improve records retention and increase operational efficiency.
Nearly 7,000 organizations in North America trust DocStar to increase productivity, reduce cost through process automation and reduce transaction cycle times. DocStar was awarded ‘Best Places to Work’ by the Albany Business Review, ‘Best Channel Vendor’ in the ECM Software category for the second consecutive year by Business Solutions magazine and awarded ‘5-Star Rating’ in CRN’s 2014 Partner Program.