KALAMAZOO ? Government software developer Manatron on Tuesday announced it has agreed to acquire the Records Management Solutions Business from Austin, Texas, based Hart InterCivic for about $4.8 million in cash. Closing is expected by month’s end.
Cindy Phillips, General Manager of the Records Management Business and approximately 35 other Hart employees are expected to join Manatron in connection with this acquisition and will continue to work out of Hart’s headquarters until Manatron establishes an office in Austin.
The Records Management Business includes more than 50 municipalities in
13 states, including Wayne County in Michigan. Hart provides document management and workflow automation through its suite of
records management applications tailored for the County Recorder’s office.
Hart’s A2 software product, built on the Microsoft .NET Framework, serves
as the County Recorder’s “enterprise” system, handling all main functions
contained in a typical document recording workflow.
“We are happy to see this line of
business go to the hands of a trusted name in the property records market,
and we are confident that Manatron has the best interests of our clients
and employees in mind,? said Gregg Burt, President and Chief Executive Officer of Hart InterCivic. ?We look forward to continued business opportunities
to partner with Manatron, particularly in the geo-content space.”
Manatron CEO Pau Sylvester said it is important for Manatron to add a key piece to its flagship GRM suite of software, rounding out its records management capabilities and providing Manatron with access to an excellent customer base.
“Tracking recorder events, such as ownership changes from the time the property is created or changed in any way, is an important capability and integral part of the property cycle.?
Manatron’s revenues are primarily generated
from software license fees, software maintenance fees, professional
services, and sales of hardware and supplies. Professional services consist
of data conversions, installation, training, project management, hardware
maintenance, forms processing and printing, consulting and appraisal
services. Manatron is headquartered in Portage, Michigan and has offices in
Florida, Georgia, Illinois, Indiana, Minnesota, New York, Ohio,
Pennsylvania, and Washington. Manatron currently serves approximately 1,300
customers in 36 states and two Canadian territories.
For more information, click on Manatron.Com
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