The electronic document management specialist was formed on the back of a venture capitalist-backed ‘buy and build’ strategy, which brought together three data management businesses, with Ferguson taking a stake in the company.
“At Edotech, we were working on the whole document lifecycle. EDM is on the other side of the fence, predominantly taking paper and turning it into digital documents,” said Ferguson.
The firm handles 17m pages a month, employs 450 staff and has a turnover of £16m, with profits of £2.5m.
As well as document scanning services, the firm also hosts document storage systems, with more than 1bn documents stored via its hosting platform EDM online.
Ferguson has been joined at Wolverhampton-based EDM by a number of ex-Edotech colleagues, including Lynn Broadbent and Kevin Ord as technical services and operations directors respectively.
“I think one or two others will be joining me in the months ahead,” added Ferguson.
Edotech was founded in 2000 after Ferguson led an MBO at UK bank Barclays’ in-house print operation. He subsequently grew the company from a £20m turnover to around £80m, before selling it to Astron (now RR Donnelley Global Document Services) for £130m in April 2004.
EDM CLIENTS INCLUDE
• Companies House
• National Blood Service
• BUPA
• BMI
• The AA
• Anglian Water Services
• Powergen
• Centrica
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