(Image credit: Egle P.)
Crawford Technologies, a Toronto-based provider of document solutions designed to streamline, improve and manage customer communications, has announced its acquisition of Composition Research Technologies, Inc. (CRT; Hardy, Va.), a developer and marketer of technologies that recognize, compose, transform and archive high-volume transactional documents. CRT develops products designed to meet the challenges of government and defense-related document production and distribution as well as the high-volume document needs of financial institutions.
The full CRT portfolio includes electronic records management, data manipulation and migration among all types of print streams. It will be added to the Crawford Technologies portfolio of workflow solutions and Crawford Technologies will be taking over the support and maintenance of CRT’s product line. Customers of both companies will benefit from the strength of the combined capabilities for automating the transformation and archiving of high-volume transactional documents while ensuring regulatory compliance and document integrity, according to a Crawford statement.
“CRT has grown by specializing in serving government agencies and contractors. By their nature, these organizations face data scalability problems of all kinds with the need to support millions of documents and complex databases,” comments Philip Trzcinski, CEO, CRT. “With the strength of Crawford Technologies’ expertise and its advanced workflow solutions and support, this acquisition makes it possible to provide our customers with additional opportunities to be more efficient and reduce costs.”
CRT has been a reseller of CrawfordTech software since 2004. CRT will now operate as a wholly owned subsidiary of Crawford Technologies.
“Acquiring CRT highlights Crawford Technologies’ focus on growing both organically and through acquisitions,” comments Ernie Crawford, president and CEO of Crawford Technologies. “We are continually investing in new technologies and markets to enhance our offerings and help our customers improve their businesses.”
“We are excited to have CRT on board and to have the opportunity to work with their innovative products,” Crawford adds. “We trust that CRT’s customers will benefit from the high levels of support that our company is able to offer them.”