Diversified Information Technologies acquires Commercial Data Processing of Fairfield, N.J.
Published: September 2, 2010
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Diversified Information Technologies Inc. (Diversified), a provider of document and information lifecycle services, on Sept. 2 announced it acquired Commercial Data Processing (CDP), based in Fairfield, N.J., effective Aug. 27. Diversified's third acquisition in the last 10 months continues an organizational realignment the company expects will lead to double-digit growth in 2010.
"We are excited to join forces with CDP as we align our business approach with customer interests and market realities," said Diversified CEO Scott Byers. "This will better position Diversified to facilitate health care providers' transition to electronic medical records and improve capabilities in work-flow solutions and enterprise content management."
CDP provides data capture, data processing and clerical preparation services for clients in the health care and pharmaceutical industries. The acquisition enhances Diversified's team with highly-skilled professionals who have expertise in the health care industry, particularly with claims adjudication. It also adds data capture technology and additional facilities in New Jersey and Barbados.
"For nearly 40 years, CDP has enabled companies to focus resources on core competencies by effectively resolving information management challenges," said Tom Fahmie, founder and CEO of CDP. "We know Diversified celebrates a similar heritage, and we are pleased to become partners."
Diversified acquired North Carolina-based Active Data Services in October 2009 and Bowman Enterprises in February 2010. As a result, Diversified expanded its capabilities in business process optimization and turn-key information management solutions.
From 24 locations, Diversified serves approximately 650 customers in the health care, insurance, pharmaceutical, energy, financial and government industries.
