Network Imaging Corp has sold off its Dorotech SA French subsidiary as part of its recent re-structuring activities. The sale, to SER Systeme AG of Neustadt in Germany, eliminates $6.5m in debt, retires $1.5m in goodwill and gives Network Imaging a gain of $900,000. Dorotech, a reseller of Hearndon, Virginia-based Network Imaging’s IView multimedia database, […]
Network Imaging Corp has sold off its Dorotech SA French subsidiary as part of its recent re-structuring activities. The sale, to SER Systeme AG of Neustadt in Germany, eliminates $6.5m in debt, retires $1.5m in goodwill and gives Network Imaging a gain of $900,000. Dorotech, a reseller of Hearndon, Virginia-based Network Imaging’s IView multimedia database, will continue to sell the company’s products. SER is a document management company which went public on the Frankfurt stock exchange back in September.
