Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors, has announced the acquisition of Altec Products, Inc. (Altec), a provider of integrated document management and workflow solutions. The addition of Altec to Beyond Limits will enable accelerated product growth and drive digital transformation in new markets, furthering Beyond Limits’ mission to create solutions for businesses that improve performance and enhance human decision-making.
“At Beyond Limits, we believe in the power of artificial intelligence to amplify the talents and capabilities of people,” said AJ Abdallat, CEO, Beyond Limits. “Our Cognitive AI solutions are used across energy, manufacturing, and healthcare sectors to tackle the toughest challenges and help individuals make faster, more efficient decisions to manage risk and drive profitability. Altec’s technology and approach to streamlined digital operations was a natural fit with our approach to AI, and we’re very excited to bring new value to the market together.”
Altec provides powerful, digitally integrated document management and workflow solutions. The company’s flagship product, DocLink, helps companies manage their data, documents, and processes, assisting them along their digital transformation journeys. With tight ERP integration, DocLink delivers tangible benefits measured by accelerated approval cycles, missed deadline elimination, and human error reduction. The results are improved access, visibility, and control over data and documents, alongside improved processes for employees, customers, and suppliers.
Beyond Limits’ acquisition of Altec further bolsters the company’s strategic partnerships and integrations focused on digital transformation and AI-readiness in key sectors around the world. Altec’s strong industry position, unique product offerings, and loyal customer base provide new product and market opportunities, as well as transformational capital for furthering its accelerated growth.
As part of the acquisition, Altec will continue offering its core document management and workflow solutions directly to the market. Altec will also operate as a wholly-owned subsidiary of Beyond Limits. TechStrat acted as financial advisor to Altec. Financial details of the transaction were not disclosed.
