Xamcor announces the sale of All My Papers (“AMP”), a developer and distributor of Check and Imaging Cash Letter software toolkits and applications. Based in Northern California, AMP has over 900 banks and financial institution customers throughout the US. AMP has been sold to 3Core Software, a Texas based developer of Check Writing Software. As a stock sale, the AMP Company will remain with all employees staying with the company. Terms of the deal were not announced.
Larry Krummel, CEO and founder of All My Papers, said “It was a pleasure working with Xamcor on this transaction. They are a knowledgeable partner who helped us in every phase of the sale, from preparing AMP for a successful deal, to finding quality buyers and negotiating a successful result. We were very pleased with the successful sale of AMP, which achieved all my goals. We also believe that 3Core will help increase the current success of AMP.”
Larry concluded “Xamcor were true professionals whose focus on and understanding of the industry that they bring is a key asset. I highly recommend Xamcor to any company in the software field.”
Xamcor acted as sole advisor for All My Papers for this transaction.