Tech software company Gov Kofile is expanding its reach in Texas through the acquisition of Data Preservation Solutions (DPS) in a deal that reflects the current drive to digitize government documents and local civic services.
DPS provides document restoration, preservation, indexing and imaging services to local governments in Texas. The company will be placed under the umbrella of Kofile Services, which provides similar services. Dallas-based Kofile was founded in 2009 and claims to have over 3,000 local government clients and have scanned at least 225 million documents. Audax Private Equity, an investment company, acquired Kofile in 2020.
The companies did not disclose the financial terms of the deal.
For Kofile, the acquisition will bring synergies to the company’s overall offerings, the company said. As Kofile said in a statement, âBoth companies can provide solutions to any government agency responsible for maintaining records. This includes records in a wide range of document types, from recent birth certificates to century-old historical documents. “
The acquisition of DPS comes as the pandemic highlights the importance of local digital and remote public services of all types. The deal also follows the launch earlier this year of GovOS, a Kofile subsidiary formed after the acquisition of SeamlessDocs that focuses on converting paper-based processes to online services. Both measures come as government digitization accelerates.
“The next 20 years will be the most important period in the history of document retention and access,” Kofile CEO Michael Crosno said in the statement. âThe accelerated pace of digital transformation, the changing expectations of employees and voters, and an increasingly complex cybersecurity landscape have all converged to present challenges, but also opportunities. “
Indeed, Kofile struggles in a sense against time, at least according to Jonathan Mohn, president of Kofile Services.
“We are seeing an increasing danger of loss of physical records due to acidification and humidity, in addition to the regular occurrences of damage from fire, water and storms from archival storage,” a- he wrote in an email to Government technology. “It is therefore essential that we can help local governments protect permanent records and vital data from these threats.”
The deal also reflects other realities as local governments shape their immediate post-pandemic future.
âRight now, we are 100% focused on providing our customers with the best possible experience. This means that we must continue to expand the resources and expertise to which they have access, âsaid Mohn. âHowever, we are also facing a hyper-competitive job market right now, especially for skilled workers. This acquisition is the best way for us to grow our team and ensure that we can continue to meet and exceed needs. of our customers. “
He gave no further details on how the DPS leadership and workforce will be integrated into Kofile. For his part, DPS owner and president Brian Rathe said the acquisition is a perfect fit with DPS’s vision and services.
âIn evaluating Kofile, we found a new leadership team that re-committed the organization to putting the customer first in everything it does,â Rathe said in the release. âThey share our conviction that it is essential to build trust with customers by going beyond what is expected. We are confident that we are working in partnership with an organization that will continue the legacy of what we have built while preserving the legacy of local governments across the United States.