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Hits Corporation Acquires Imagex, Expanding Its Offerings And Reach

Apr 12, 2023•over 2 years ago

Acquiring Company

HITS Corporation

Acquired Company

Imagex

New YorkDocument ManagementInformation ServicesInformation TechnologyEvents

Description

HITS Corporation, a recognized leader in information technology services, has announced its acquisition of Imagex, a woman-owned business based in Reston, Virginia. For over 30 years, Imagex has specialized in Document Scanning, Document Management Software, Hardware, and Hardware Maintenance. Imagex is one of the nation's top providers of M-Files and was nominated for North America Partner of the Year at the 2020 M-Files Global Partner Conference.

Company Information

Company

HITS Corporation

About

With 29 years of experience and over two billion documents processed, HITS has become a leader in information technology services. HITS provides solutions for healthcare providers, corporations, and government agencies. By utilizing innovative technology, HITS creates optimized information that enhances the customer's working environment. HITS specializes in document and data management, paper storage removal, remote document capture, document scanning and conversion, and data migration. Through HITS' paperless efforts, the company has helped save over 20,000 trees. For more information, please visit hitscorp.com. SOURCE HITS Corporation

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