Savana Partners has acquired the assets of Epitome Systems, a Wayne, Penn.-based provider of business process automation solutions. No financial terms were disclosed. Michael Sanchez, managing partner of Savana, will serve as Epitome’s chairman and CEO.
Savana Partners, LLC announced today that it acquired the assets of Epitome Systems of Wayne, Pa. This marks the return of Michael Sanchez; Managing Partner of Savana to the Main Line where he founded, successfully IPO’d and subsequently sold Sanchez Computer Associates in 2004 to Fidelity Information Services of Jacksonville, Florida. He served as President of the International division of Fidelity until 2008. Savana Partners intends to target the Epitome suite of business process automation software toward some of the most critical areas of today’s economy: government, regulatory compliance, financial services and healthcare automation. Michael Sanchez, will be the Chairman and CEO of the new company. “I am very excited to be back in Philadelphia. Given the power of Epitome’s technology, we can dramatically increase productivity, automation, visibility and thereby lower costs to these critical industries. We conducted a thorough review of the Epitome technology and determined that it offers market leading business process automation features. I believe we can make a significant difference at this time of our country’s need to create efficiency and transparency in these industries,” said Michael Sanchez.
This is Savana’s initial investment. Savana Partners, a private equity investment firm, plans to make other acquisitions and investments in technology and services businesses.
Vince Rogusky, Epitome’s founder will be the President of the new company. “We are thrilled to have Mike Sanchez’s leadership and Savana as a partner. Mike brings an extensive background in software technology and international business along with a track record of success.”
The new company will retain the Epitome Systems name and continue to serve its customers, most of which are in the targeted industries.
About Epitome Systems
Epitome Systems is a provider of business process automation solutions utilizing its pioneering Enterprise Productivity Management(SM) (EPM) software technology which helps companies automate and streamline their internal and external processes and information. The company’s EPM software platform, now in its fourth generation, features a suite of modular components addressing business process management, content management, document management, collaboration, integration, and reporting and analytics. Epitome’s EPM technology creates fast results and is available in both on-demand and on-premise models. EPM’s unique architecture can be quickly and easily configured to support exact business productivity needs. For more information, visit www.epitomesystems.com .