Press-sense is a developer and supplier of business flow automation solutions for the Print Industry. By applying process automation to the print service provider's business, the company's Press-sense iWay, and Press-sense manager solutions offer printers the tools to fully manage, control and automate their online and offline business operations.
The company's solutions provide commercial printing and digital service providers with business management tools that maximize production efficiency, monitor and reduce costs, and increase profit ratios. The comapny has an install base of more than 1,500 customers in North America, Europe and Asia Pacific.
"In the past few years we have seen a dramatic increase in the demand for automated processes in the document production space," said Anna Magliocco-Chagnon, Bitstream President and CEO. "Our Pageflex product line leads the industry in tackling the front-end of the process: order taking and document production. Press-sense provides the most extensive business management tools for the back-end of the process enabling companies to monitor and reduce their operating costs. Through this acquisition, Bitstream becomes the only entity able to offer the full complement of solutions required by document producers."
Press-sense is a privately-held company founded by Amir Karbyin 2001 and funded over the years by several venture capital firms. Bitstream goal is to retain the Press-sense staff worldwide and incorporate them into its team. Bitstream will maintain an office in Israel, which will include product development, sales, and customer support capabilities. The Israel office will allow Bitstream to expand its real-time support for existing customers in Europe, the Middle East, and Africa (EMEA).
Bitstream will also continue to support Press-senses' existing customers and OEM partners, including the Indigo division of Hewlett-Packard (HP), Oce, and Xerox, all of whom private label Press-sense software for distribution to their digital print customers and have expressed their support of the acquisition.
Bitstream develops software technologies and applications for the graphic art and mobile communications industries. The company total revenue increased by 4% to $5.2 million in the first quarter of 2010. Bitstream is traded on NASDAQ (BITS) with a market cap of $76 million." (source)
View More On Technology
