BancTec, Inc. - BTC- Profile

BancTec, Inc., is a leader in providing integrated systems, applications software, maintenance and support services to the financial transaction processing market for checks, remittance advices and sales drafts. BancTec also provides network support for LANs and personal computers and manufactures document processing equipment for value added resellers VARs and original equipment manufacturers (OEM). In 1998 the company acquired Groupe Parmatic Inc. Financial transaction processing systems accounted for 52% of 1998 revenues; installation and maintenance, 40% and hardware systems, 8%.