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DocMagic Announces the Acquisition of Doc-Tech Corp.

NationalMortgageProfessional.com
Dec 11, 2014

DocMagic Inc. has announced that it has acquired the assets of Doc-Tech Corporation, d/b/a Document Express, a boutique document preparation company. The acquisition comes on the heels of DocMagic completing the purchase of award-winning eSignSystems in October. As part of the acquisition, DocMagic will bring on the entire team of Doc-Tech Corp, including co-founder and Doc-Tech President Lori Johnson and Doc-Tech EVP of Sales Michael Chaney. In addition, DocMagic gains DocTech’s customer base of lenders, which it will continue to service and support using DocTech’s service-oriented staff located at its corporate office in Palatine, Ill.

“We are very excited about this particular deal,” said Dominic Iannitti, president and CEO of DocMagic. “I can’t say enough good things about the hands-on service-focused model that Doc-Tech provides. This acquisition merges the best of DocMagic’s enterprise-level methodologies with Doc-Tech’s wildly successful boutique-style customer service model. Our synergies are powerful, and when combined, are nothing short of a home run for both entities. Lori and her team have done an extraordinary job of achieving the highest level of customer satisfaction amongst their varied client base, which is a core value of DocMagic.”

The acquisition adds to DocMagic’s already robust suite of electronic products and services with the addition of the Doc-Tech’s Elite Docs Series. Doc-Tech’s customers will continue to enjoy the Elite Docs Series experience, and the company officials report that it will not require any change to their user experience.     

“We couldn’t have asked for a better home for our clients than DocMagic,” said Johnson, president of Doc-Tech. “Our customers will now have access to an enterprise-class infrastructure, significant expert resources to draw upon, advanced compliance technology, fail safe security, and innovative first-to-market solutions. There isn’t a hotter, more effective doc prep company in the industry than DocMagic, and we are elated to bring our valued clients and strategic partners into the DocMagic family."  

DocMagic will retain Doc-Tech’s corporate headquarters based in Palatine, Ill., establishing a strong presence that is close to the East Coast. Jonson shall serve as DocMagic’s director of client services and Chaney will assume the role of senior sales executive. DocMagic’s strategic counsel, Silvia San Nicolas Esq., handled the transaction and terms of the deal were not disclosed.

Published
Dec 11, 2014
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