Printer Driver Company Completes Management Buyout

Host-based printer driver technology company, Software Imaging, has completed a management buyout in what it described as a deal to allow the business to build on its existing success.

Backed by the Clydesdale Bank PLC, Software Imaging said that the buyout will enable the company to look at potential acquisitions to complement the existing business and accelerate product development plans to drive future growth.

The buyout was led by the company's chief executive officer, Peter Lismer and directors Kevin Jampole and Adam Guy.

Technical director and co-founder of the company, Tony Harris, will retire as a director, along with fellow co-founders and non-executive directors, John Guy and Dick Hodge.

Peter Lismer commented: "I am confident that with the investment this deal has secured, the tremendous potential of Software Imaging in the printing and imaging market can now be realised.

The company already has a strong management team, combined with solid technology and a proven track record and I am looking forward to continuing to work with my fellow directors, our employees and our customers as we seek to build on our success." Founded in 1984, UK firm Software Imaging is a host-based printer driver developer for printers, digital copiers and wide-format printers.

The company has also entered the mobile telephone market with the release of its Easyprint mobile printing system, a software development kit that allows mobile application developers to bring claimed laptop-like printing to mobile telephones.

Software Imaging has licensed technology to such suppliers of printers and digital copiers as Canon, Epson, Hewlett Packard, Konica Minolta, Lexmark, Ricoh, Samsung, Sharp, Toshiba and Xerox, for instance.

Kevin Jampole, Software Imaging's sales and marketing director, explained: "Our success story to-date can be attributed to continuous investment in innovative technology and we'll continue to follow this model.

At the same time, we believe that the changes that result from this MBO will also allow us to re-energise our product lines and concentrate on making Software Imaging a truly customer-driven organisation." Adam Guy, the company's finance director, added: "We've always had an impressive customer list, a strong technology portfolio and we have consistently demonstrated ourselves to be a profitable business, year after year.

Our long-term vision of growth for the company is underpinned by our commitment to listen to the market and create value for our customers.".

Back to top