LRS Acquiring Drivve Inc.
Today, Springfield, IL-based Levi Ray & Shoup, Inc. (LRS) announced that it is acquiring U.S.-based Drivve Inc. and affiliated companies in Europe (collectively referred to as Drive). This innovative digitalization software provider will join the Enterprise Output Management (EOM) division of LRS, helping LRS expand and improve its document solution offerings.
Established in 2008, Drive has developed an ecosystem of solutions and services to streamline document-intensive business processes. From image capture and routing technology to document management solutions, Drive’s software helps organizations to improve the security and efficiency of critical business workflows. Going forward, LRS and Drive development teams will work to fully integrate these data capture and digitalization features into the comprehensive LRS® output management suite.
According to Drivve Inc. CEO Thilo Lutzeler, “Like LRS, the Drive team has been focused on optimizing specific elements of the document lifecycle. Separately, each company has become a leader in its own market space; together, we will be able to offer customers a comprehensive document ecosystem that streamlines every aspect of information capture, imaging, management, security, and distribution. We are very excited to help LRS bring these best-of-breed solutions to market.”
John Howerter, LRS Senior Vice President of Enterprise Output Management, added “By incorporating the Drivve software functionality into our EOM software suite, we will dramatically expand our ability to support the digitization and business process improvement projects that exist in our customers’ organizations.”