Couple interesting things related to the Lason deal:
1. We reported in July 2004 that investment firm Charterhouse Goup bought Lason, a $140 million company for something like $30 million and the assumption of some senior indebtedness. According to the HOV Services press release, it paid $148 million for the company. On the surface that seems like a nice deal for Charterhouse. Maybe that's why these guys are going private.
2. Also, former Lason President John Messigner was sentenced to a year in jail and ordered to pay $20 million in restitution for his part in the finacial scam that artificially ran up Lason's stock price in the late 1990s.
This site is designed to be a forum for news on in the document imaging, information capture, and enterprise content management industries. It's edited by Ralph Gammon, publisher of the Document Imaging Report, and an analyst of these markets. After almost 20 years, the document imaging market is finally reaching maturity and being subsumed into the world of more general IT applications. This makes it a very exciting time to be involved with the industry.
About Me
- DIReditor
- Editor/Publisher of a business and marketing newsletter focused on the maturing document capture and imaging industry.
2 comments:
Interesting news about Lason. I worked with Messinger when he was a sales rep for Anacomp back in the '80s. I can't say anybody who knew him then is surprised.
Nice post....
Regards,
accounts outsourcing
Post a Comment