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Docufree acquires ImageAPI to strengthen SaaS and BPaaS position in state and local governments

Jan 16, 2025•6 months ago

Acquiring Company

Docufree

Acquired Company

ImageAPI

AtlantaTallahasseeInformation TechnologySoftwareData And AnalyticsInformation Technology

Description

Docufree, a leading provider of cloud-based document management and process automation solutions, has acquired ImageAPI, a veteran provider of digital transformation services for state and local government agencies. This acquisition reinforces Docufree's position as a trusted partner for government organizations seeking to modernize their document management, optimize workflows, and maintain regulatory compliance. The strategic acquisition aligns with Docufree's long-term growth strategy, focusing on organic SaaS revenue growth and leveraging acquisitions to scale the adoption and uptake for its award-winning SaaS platform.

Company Information

Company

Docufree

Location

Atlanta, Georgia, United States

About

Docufree is a leading provider of enterprise information management and digital business process services. Services include large-volume document capture, data extraction and integration, intelligent process automation, cloud-based document management, and digital mailroom services. Since 1999, Docufree has securely managed and modernized how people and the systems they use daily interact with data and each other. The Company helps drive measurable outcomes for both clients and their customers—from providing an on-ramp to digital transformation to automated invoice processing, human resources, and customer communications. Today, over 1,000 enterprises and government agencies rely on Docufree to empower their workforce by ensuring processes are executed with speed, accuracy, and compliance from wherever work needs to happen.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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