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July 20, 2005 - Englewood Cliffs, NJ -- Immediatech Corporation, the developer of GoFileRoom, the award-winning Web-based document management service for CPA firms, today announced that its GoFileRoom business has been acquired by The Thomson Corporation (NYSE: TOC: TSX: TOC). GoFileRoom will join the RIA Compliance business of Thomson Tax & Accounting, which provides industry-leading compliance software and service solutions to tax professionals in accounting firms and corporations.
“Thomson is a global leader in providing integrated information solutions to more than 20 million business and professional customers, and we are excited to join this dynamic organization,” said Joe Harpaz, co-founder of Immediatech Corporation. “We will continue to grow the GoFileRoom business and take it to the next level. We have immediate plans to develop integrations with RIA products, including GoSystem Tax software, to create a comprehensive set of software and service options with GoFileRoom document management capabilities. We will also continue to support our open architecture and seamless integration with the most common software applications in the accounting market, regardless of vendor.”
“We are excited to expand our offerings with the addition of GoFileRoom, said Brian Peccarelli, executive vice president, Corporate Markets, Thomson Tax & Accounting. We look forward to the opportunities this partnership will bring to be able to integrate GoFileRoom capabilities into our products to offer tax professionals an unparalleled combination of the finest information and software. Paperless technologies, such as GoFileRoom, are now essential to remaining competitive in today’s environment.”
“While the ownership of Immediatech has changed, the operations and service delivery model have not,” continued Harpaz. “Immediatech and RIA Compliance are committed to remaining focused on our customers' needs by continuing to provide the highest quality products and implementation support.”
About The Thomson Corporation, Thomson Tax & Accounting and RIA
The Thomson Corporation (www.thomson.com), with 2004 revenues from continuing operations of $8.10 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,000 employees and provides services in approximately 130 countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Thomson Tax & Accounting, as part of Thomson, is a leading provider of technology and integrated information solutions to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Thomson Tax & Accounting includes the Creative Solutions, Fast-Tax, PPC, RIA Compliance and RIA Information/Online businesses.
As part of Thomson Tax & Accounting, RIA (http://ria.thomson.com and insource.thomson.com) is the premier provider of technology and information to tax professionals in accounting firms and corporations, providing the industry-leading tax compliance software for even the most complex requirements and the most comprehensive and innovative tax research and information products available.
About Immediatech Corporation
Based in Englewood Cliffs, NJ, Immediatech Corporation is a leading provider of electronic document management and workflow solutions, allowing customers to streamline their operations, increase staff productivity and obtain better security and business continuity.
Immediatech’s GoFileRoom provides a Web-hosted document management service. Customers use the system via the Internet, eliminating the need for in-house installation and technical support, as well as the upfront investment typically required for such a system. GoFileRoom is available in both Enterprise and Professional Editions. For more information, visit www.immediatech.com.
Source: Immediatech
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