SEC Center Application
Just Released!
LAST UPDATED: 05/19/2013, 11:39 AM EDT
BANCTEC INC has reported these experts in their SEC filings. From underwriters to attorneys, these are the people influencing BANCTEC INC’s IPO.
Raised in IPO
IPO Shares
Expected Share Price
| Proposed Symbol | --- |
| Proposed Exchange | Nasdaq National Market |
| Expected Share Price | --- |
| Offer Amount | $75,000,000 |
| Total Expenses | $0 |
| Shares Over-Allotted | $0 |
| Shareholder Shares Offered | $0 |
| Shares Outstanding | $0 |
| Locked Up Period Days | 180 |
| Locked Up Expiration | --- |
| Quiet Period Expiration | --- |
| Stockholders' Equity | $51,502,000 |
Form SC 13G/A
Form SC 13G/A
Form SC 13G/A0 of Positive Articles have been written about BANCTEC INC.
BANCTEC INC IPO offering is $75,000,000.00.
BANCTEC INC withdrew its IPO.
Company Description
BancTec is a global provider of payment processing and document management
solutions and services. We believe our value proposition to our clients is our
proprietary software and hardware solutions for processing high-volume, complex
business transactions. We currently serve over 1,800 clients
across 50 countries
that depend on our technology and services to improve productivity, lower costs
and optimize business processes. Among these clients are national and
multinational organizations, such as Aflac, Inc. ("Aflac"), Bank of America
N.A. ("Bank of America"), Discover Financial Services ("Discover"), Hewlett
Packard Company ("HP"), U.S. Bancorp N.A. ("U.S. Bank") and Swedbank AB
("Swedbank").
We offer our solutions on a fully outsourced basis, which we own and manage, or
on an in-house basis that is acquired and deployed by our clients. We have
provided in-house solutions to our clients for nearly 40 years and began
offering our fully outsourced solution, which we refer to as business processing
outsourcing, or BPO, in 2005. Given the relatively short history of offering
BPO services, most of our clients currently deploy our solutions on an in-house
basis. Our BPO services use the same software and hardware as our in-house
deployments, which facilitates the transition from an in-house to a fully
outsourced solution.
Our BPO services are provided through our 19 BPO centers located throughout the
world. These centers leverage a common proprietary software and hardware
technology platform that is designed to provide reliability, security and
consistently high levels of performance. Our BPO services include financial
process services, electronic document management services and finance and
administrative services. We serve companies of all sizes in the banking,
insurance, healthcare, utility, government and transportation sectors.
Our BPO services are typically contracted on a multi-year basis that includes
the payment of recurring monthly or transactional fees. Our BPO revenue has
increased every year since we began offering BPO services to our clients.
BPO revenue accounted for approximately 11% of total revenue in 2006 and has
grown to approximately 38% of total revenue in 2010.
Clients who do not use our BPO services for their processing needs can acquire
our internally-developed software and hardware solutions to deploy on an
in-house basis. We integrate these solutions within our clients' existing
business processes. Our in-house solutions are generally sold with a
combination of upfront fees, additional fees and recurring annual maintenance
fees.
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We were founded as a Texas corporation in 1972. Our principal executive offices
are located at 2701 E. Grauwyler Road, Irving, Texas 75061 and we maintain a
regional headquarters facility in London, United Kingdom. Worldwide, we have
operations in 15 countries. We have five major BPO facilities, 13 satellite BPO
facilities and one captive offshore BPO facility. Our website is www.banctec.com
and our main telephone number is (972) 821-4000.
