BancTec Company Description
BancTec keeps tabs on all sorts of financial transactions. The company offers electronic processing systems, software, and services for government agencies, banks, utility and telecommunications companies, and other organizations that do high-volume financial transactions. BancTec's systems and software capture and process checks, bills, and other documents; products include digital archiving systems, workflow software, and scanners. BancTec's services include cost estimates and contingency planning, resource use, systems integration, and maintenance. Founded in 1972, BancTec is owned by investment firm Welsh, Carson, Anderson & Stowe, which took BancTec private in 1999.
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The Company Description provides a historical perspective of BancTec's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of BancTec's evolution in the marketplace.
