Monday, 26 October 2015

Kefron acquires both Lightspeed and Evolution following a €1 million investment

Kefron, the document and information management people, have announced that they have acquired Evolution and Lightspeed as they expand the range of services available to clients, both locally and internationally. This investment, worth €1 million will see Kefron increase their number of employees initially by 20 as all staff at both organisations are retained, with the aim of recruiting further staff following continued investment in the company before the end of the year.

This expansion was motivated by a growing need for clients to digitise their files and effectively prevent and reduce information chaos. More and more clients are also looking to automate their business processes for document management.

In an industry which continues to grow, the acquisition of Lightspeed which is based in the UK, will provide scalability for Kefron across the UK and Ireland for digital document management solutions.

The acquisition of Dublin based Evolution, which has clients in both the UK and Ireland will allow Kefron to develop integrated software solutions in-house for clients’ document management needs.

As part of the acquisition Managing Director of Evolution, Alistair Thacker, has now been appointed as Head of Technology at Kefron bringing with him skills and expertise to further enhance Kefron’s offering. Following the acquisition of Lightspeed, both Adrian Guice and Andrew Forward, Directors of Lightspeedwill continue in their roles in Operations and Sales respectively.

Speaking about the acquisitions, Paul Kearns, Managing Director of Kefron said “We continue to see an increasing growth in businesses transitioning their processes from manual to automated. Digital document management solutions can drive real efficiency and cost savings for our customers. Whilst there are many standards and best practice for physical records management, customers are looking for advice and solutions for their digital document management processes, such as Forms Processing, Account Payable and HR. The acquisition of both Evolution and Lightspeed will provide us with additional capacity and in-house software skills to meet and exceed our clients’ needs for document management as we continue to grow this part of our business.”

Kefron is an Irish owned business which has been managing sensitive documents and data for 26 years. Kefron currently provides information management solutions, including digital and hard copy services, for a strong client base which includes Tesco, Gift Voucher Shop and Wicklow County Council.

The Kefron group consists of Kefron Filestores, Kefron Digital, and Kefron Consulting. Founded in 1989, the company employs 153 staff and has an annual turnover of over €15 million.