Storage and workflow integration specialist Springtek has been sold to computer storage firm Nexscan.
Derby-based Nexscan already resold Springteks RAID storage products under its own brand name and is particularly strong in the US.
Springtek founder and managing director Robert Long will retire on selling the firm, but will remain involved as a consultant for the next couple of years.
Nexscan will take on all eight of Springteks staff, who are based in Didcot, including sales manager Peter Thornhill.
"Its a win-win situation as far as were concerned," said Thornhill. "Its a better funded organisation that can afford to invest in marketing, which has been our Achilles heel for years."
Under Nexscans wing Springtek will focus on building up its research and development operation to speed up bringing products to market.
There are no plans for the firm to drop its dedicated pre-press products, which include file format conversion software SpringPS, which can convert CT/LW files into PDF.
Story by Barney Cox
Have your say in the Printweek Poll
Related stories
Latest comments
"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
Up next...
Andrew Whyte takes reins
MBO at LT Print Group ensures smooth transition
Educational day in Yorkshire
Northern Stationers see historic print and more in York
Supporting growth in new and existing markets
WTTB backs digital intentions with new e-commerce specialist
Investment in e-commerce fulfilment