IBS Direct Swings Another Deal, Obtaining Imtek
KING OF PRUSSIA, PA—IBS Direct has purchased substantially all the assets of Imtek LLC, based in Bridgeport, NJ. IBS offers printing, direct marketing program management and new marketing technologies to effectively implement and measure its customers’ campaigns. Imtek specializes in direct marketing, printing, fulfillment and location intelligence services to clients in the retail, automotive, financial services, travel, catalog, education, publishing and healthcare industries.
The acquisition of Imtek is IBS Direct’s second acquisition in four months, having acquired Mars Graphic Services in November 2011. With this most recent acquisition, IBS Direct has grown from 44 to 120 employees and increased its revenue approximately 110 percent from mid-year 2011. Upon completion, the integration of both acquisitions in IBS Direct’s King of Prussia facility will increase the firm’s capabilities to include three additional Harris heatset presses, a full bindery and a fulfillment operation.
“We are extremely proud of the work being done at Imtek and are fortunate to have these employees join the IBS Direct family,” said George Schnyder, CEO of IBS Direct. “Imtek is a quality company with some very strong customer relationships. We aim to add value to those customers through our innovative processes.”
All Imtek employees have been offered positions with IBS Direct in King of Prussia. Ted Sherwin, who was named president of IBS Direct in May 2011, will oversee the consolidation.