SoftNet Systems Completes Mergers with Kansas Communications and Micrographic Technology Corporation

Strategic Insights -

SoftNet Systems, Inc., a leading provider of electronic information and document management systems, has completed its previously announced mergers with Kansas Communications, Inc. and Micrographic Technology Corporation. This strategic move positions SoftNet as a major player in the information technology industry, with a broad range of solutions for voice, data, and video communications. The combined entity will offer a comprehensive suite of products and services, including maintenance contracts, installation of network services, and document management systems.

Key Takeaways:

  • SoftNet Systems has completed the mergers with Kansas Communications, Inc. and Micrographic Technology Corporation, effective September 15, 1995.
  • The combined entity will offer a range of solutions for voice, data, and video communications, including telephone systems, call processing systems, and document management systems.
  • Kansas Communications provides communication solutions through the design, implementation, maintenance, and integration of voice, data, and video communications equipment and services.
  • Micrographic Technology Corporation is a designer, developer, manufacturer, and integrator of comprehensive, non-paper based systems and components for storage, indexing, and distribution of high-volume output data streams.
  • SoftNet Systems develops, markets, installs, and services electronic information and document management systems that allow customers to electronically request and receive information.
  • The Company's hardware and software systems integrate telecommunications and various media, including magnetic disk, optical disk, microfilm, and paper.

Statistics:

  • The mergers between SoftNet Systems, Kansas Communications, and Micrographic Technology Corporation were completed on September 15, 1995.
  • Kansas Communications provides communication solutions through the integration of voice, data, and video communications equipment and services, with a focus on telephone systems and call processing systems.
  • Micrographic Technology Corporation's systems and components enable cost-effective solutions for storage, indexing, and distribution of high-volume output data streams.
  • SoftNet Systems' document management systems allow customers to re-engineer their information management processes to access information on a cost-effective basis, achieving immediate cost savings through productivity increases.

Sources:

  • SoftNet Systems, Inc. (AMEX: SOF), reported in a press release dated September 18, 1995.
  • Kansas Communications, Inc.
  • Micrographic Technology Corporation.