In the last two years, the company has acquired two complementary businesses, purchased two additional Tampa real estate properties, opened an Atlanta office, accelerated research and development efforts, increased hiring, built its customer base and continued to increase revenue. The business remains privately held.
“Even in a recession, there is opportunity for growth,” says Jack Berlin, Accusoft Pegasus president and founder of Pegasus Imaging. “We saw the opportunity to become a stronger company and we took it. Our strategic activities during the last 90 days rewarded us with more products, more knowledge and more development experience than any of our competitors.”
Pegasus Imaging acquired Accusoft’s imaging business, in December 2008. In January 2009, less than one month after buying Accusoft, the company acquired Tasman Software to expand its barcode offerings. Last year, the company positioned itself for this growth by purchasing two buildings in Tampa and renovations are currently underway for office expansion. In late 2007 the company opened an Atlanta software development center to access a larger pool of highly talented software engineers.