BancTec, a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with South Africa-based ImageTEK, a leading provider of scanners and document capture solutions.
The agreement covers distribution in South and sub-Saharan Africa of BancTec's highly acclaimed IntelliScan and E-Series high-speed document scanning and sorting transports.
"ImageTEK has a depth of experience and proven capability in delivering document capture solutions and scanners throughout South Africa and beyond. Combined with their superior technical support organisation, these capabilities make ImageTEK the best partner for BancTec to further expand our international footprint," said Jim Forkin, vice president of international business development, BancTec. "Their market penetration and extensive relationships, in conjunction with our enterprise-scale solutions, will deliver significant benefits for large organisations throughout the region."
"There is a gap in the high-end production scanner technology market, and we believe that BancTec will be able to furnish us with solutions that enhance, and reduce the cost of, document and payment processing operations," said Ian Humphreys, CEO, ImageTEK. "We look forward to partnering with BancTec to extend the range of solutions we offer and further our involvement in the massive technology adoption initiatives being implemented by both government and the private sector in the region."
The South African government has embarked on an ambitious 10-year, $80 billion capital expenditure program, which will fuel significant growth in both the public and private sectors. The major growth in business process outsourcing (BPO) and service related industries will provide increased demand for document capture and scanning related technologies.