Ptek Holdings, Inc. Acquired MediaLinq, a Division of Captaris, Inc.

Ptek Holdings, Inc. Acquired MediaLinq, a Division of Captaris, Inc.

Ptek Holdings, Inc. (NASDAQ: PTEK) and its business unit Xpedite, a leading business communications service provider of transaction-based messaging for global enterprises, and Captaris, Inc. (NASDAQ: CAPA), a leading provider of business information delivery solutions, today announced the formation of a global strategic alliance. Under the arrangement, Xpedite acquired the assets of MediaLinq, the outsource division of Captaris. In addition, Xpedite and Captaris have entered into a strategic agreement for the licensing of the Captaris market-leading e-document delivery solution.

“This alliance represents a solid win for both of our companies as we have strengthened the core competency of each. It provides technology and software that will allow Xpedite to substantially lower our time and cost to develop state-of-the-art transaction processing platforms worldwide for new and legacy business,” said Lee Provow, President of Xpedite. “Captaris software will enable Xpedite to connect directly to enterprise applications, increasing its reputation as the leading provider of outsourced messaging services.”

David Anastasi, President and CEO of Captaris, said, “This global alliance underlines Captaris’ vision for growth, while becoming the leading provider for business information delivery and expanding its focus on premise-based solutions for enterprises. We continue to execute on our company strategy and with the Xpedite alliance we are excited to accelerate our global footprint.”
About Ptek Holdings, Inc.

Ptek Holdings, Inc. is a leading provider of innovative business, data and group communications services for global enterprises. Companies use our audio and data conferencing solutions to conduct group meetings and presentations over the phone or Web. We also enable our customers to process and deliver large quantities of individualized, business critical information, such as electronic statements and invoices, financial transaction and travel confirmations, and drug prescriptions, via our global ASP platform. Ptek serves companies in nearly every business sector, including healthcare, technology, publishing, financial services, travel and hospitality. Our services are marketed under the Premiere Conferencing and Xpedite® brand names.

Company Type: Public Corporations

Transasction Type: Buyside M&A

Industry: Business Services, Technology / Media / Telecom