iRooms from Imprima

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ANNOUNCEMENT: OTM Participation acquires the Imprima Group from Mercurius Groep Holding

25/11/2014

Following a successful restructuring, premium provider of Virtual Data Room (VDR) services, the Imprima Group, announced today that it has been acquired from Mercurius Groep Holding by OTM Participation. Simultaneously, Imprima’s UK Financial Printing Business has been acquired by its current management team.

Imprima iRooms will now focus exclusively on its iRooms VDR business. It will continue trading under the Imprima name, providing 24/7 service to its clients from its main locations in London, Amsterdam, Frankfurt, Paris and New York. As one of the pioneers in VDR platforms, Imprima will continue to invest in its cutting-edge technology, developing innovative solutions through enhanced security and functionality that not only meet but exceed its customers’ expectations. This combination of technology and service provides the confidence and support customers need to focus on their business processes. Fast and effective, Imprima’s iRoom VDR platform offers users maximum convenience, with maximum security for activities ranging from financial transactions including M&A and IPOs, to additonal processes where highly secure interactive data storage is of paramount importance.

The new shareholder, OTM Participation is an investment company controlled by software entrepreneurs Arco van Nieuwland (co-founder of Exact Business Software and Yuki.nl) and Pieter van der Made (co-founder and former CEO of Jason Geosystems (now a CGG company) and Managing Partner of OTM Investments). As highly experienced and very successful software entrepreneurs and investors, they recognize the great potential of Imprima: “The adoption of cloud-based services is increasing at a very fast pace. At the same time, external threats to and vulnerability of cloud-based systems are increasing, and more and more significant and highly damaging security lapses occur. We believe the market for highly-secure data sharing will grow strongly. On basis of its iRooms technology, Imprima can take maximum advantage of these developments.”

In parallel, Imprima’s UK Financial Printing business has been acquired by its management team - Tim Black & Chris Callow. The separation of ownership follows the decision last year to separate the Financial Print business into a stand-alone unit within the company. Since then, the unit has developed into a robust, independent and flourishing business. To facilitate the smooth transitioning of the businesses, -Imprima has granted the Financial Print business a licence to use the name Imprima and as such will for the foreseeable future be called Imprima Financial Print.”

Gary McKeown, Imprima’s Managing Director has expressed his enthusiasm about the transaction. “The wealth of SAAS experience possessed by the new Shareholders combined with the Group’s renewed strategic focus on being a pure technology player provides us with a great opportunity for strengthening our core activity, the iRooms VDR service, while at the same time accelerating growth.”