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Unified Document Management Solution Provider Acquired by Access
Edison Partners announced today the strategic acquisition and successful exit of Archive Systems to Access, a Berkshire Partners portfolio company.
Headquartered in Fairfield, NJ, Archive Systems has transformed the physical records management industry by creating a digital document management solution that helps local businesses to Fortune 50 global enterprises transition to electronic storage. “Archive Systems has been a pioneer in digital document management and the move to the paperless enterprise,” said Joe Allegra, General Partner of Edison Partners. “Gordon Rapkin and the team have executed on their vision of changing the economics and workflow of digital and physical document management, achieving high-margin digital revenues that far exceed the rest of the records management industry.” Allegra led Edison’s investment and served on the board along with Edison Director Network member Jim Foster, and co-investors Brian Hayhurst and Michael Gozycki of The Carlyle Group.
Archive Systems has experienced double-digit growth in the last several years, and grew earnings over 60% in the last year leading up to this transaction. “Joe and the Edison team provided the strategic guidance and support to help us to realize our vision,” said Gordon Rapkin, CEO of Archive System. “We are extremely proud of the company we have built together and excited for the next phase of our journey as part of Access.”
Edison Partners has financed and guided more than 200 private companies, including 46 Enterprise 2.0 companies, encompassing security and cloud leaders that automate core business processes and solve infrastructure challenges. Noteworthy exits include Assessment Systems, Axent, InSoft, Marcam, Octagon, Tangoe, VirtualEdge, Notable Solutions, Uptivity and VFA. Current Enterprise portfolio companies include Billtrust, Kemp Technologies, Logfire, MotionSoft, Neat and Operative.
