FILEHOLD JOINS KEYMARK IN ACQUISITION
FileHold joins US-based KeyMark, expanding product strength in document management
Document management software manufacturer FileHold Systems Inc. has been acquired by US-based automation systems integrator and reseller, KeyMark Inc. The deal that went into place on Dec. 31, 2024 brings the FileHold name and intellectual property into the ownership of KeyMark under the revised name “FileHold Systems ULC”. FileHold founder and former president Larry Oliver made the announcement.
"For over 20-years, FileHold has strived to do a single thing — manufacture, sell and support its enterprise grade document management software in ways that extend beyond eliminating paper and automating workflow processes for customers," Oliver said. "In the spirit of that passion, this next chapter is a terrific growth opportunity for two organizations with compatible DNA who are committed to preserve and extend the legacy we've built at FileHold to existing customers and new markets."
KeyMark has been a well-established player in document management and automation software for three decades, partnering with cutting-edge resellers like Hyland software and UiPath, as well as providing proprietary solutions including Cloud Capture, KeyMark Cloud, and Forms InMotion.
“FileHold is a stable and grounded company with values and goals that match ours here at KeyMark,” KeyMark CEO Jim Wanner said. “By bringing FileHold into the KeyMark family, KeyMark satisfies a gap in our current offerings – enabling us to approach a previously unserved market segmentation with document management solutions.”
The addition of FileHold marks a moment of considerable growth at KeyMark as the company bolsters its clientele and product strength with resources gained through the acquisition. In addition, KeyMark has had the opportunity to keep many existing FileHold team members onboard, providing consistent service to FileHold customers and enabling the company to function in a familiar capacity.
About Keymark
Founded in 1996, KeyMark, Inc. is a leading automation software integrator, delivering capture, content services, workflow, case management, and robotic process automation (RPA) solutions to businesses and government organizations. KeyMark helps clients leverage technology, such as artificial intelligence and machine learning, to maximize productivity and decrease manual labor in industries such as financial services, healthcare, insurance, manufacturing, distribution and logistics, and government. As a systems integrator, KeyMark offers customers professional implementation services and award-winning extended support for automation providers such as OnBase by Hyland, Blue Prism, UiPath, ABBYY and Tungsten (formerly Kofax software). Additionally, KeyMark owns, manages, and offers Forms InMotion, an innovative software-as-a-service solution for forms automation; CloudCapture, a business process outsourcing (BPO) service that includes invoice processing, digital mailroom outsourcing, data processing outsourcing and document conversions; and FileHold Services ULC, document and record lifecycle management software.