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Optigraphics Corp

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BUSINESS
July 6, 1993 | JACK SEARLES
Alpharel Inc., a Camarillo producer of document imaging systems, said it is involved in merger talks with Optigraphics Corp., a San Diego imaging systems firm. A definitive agreement has not been reached, but the merger would involve the payment of an undisclosed amount in cash, common stock and notes to Optigraphics, Alpharel said. Alpharel, whose 1992 revenues totaled $6.2 million, said sales of the privately held San Diego concern are about 25% larger than Alpharel's.
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BUSINESS
October 5, 1993 | JACK SEARLES
Camarillo-based Alpharel Inc. expects to reduce overall costs $2 million annually as a result of its previously announced acquisition of San Diego's Optigraphics Corp. The savings will come from restructuring the two firms, both of which produce document imaging systems for business and government, said Robert T. Bruce, Alpharel's chairman and chief executive. The deal, completed last week, called for Alpharel to pay $10.7 million, consisting of $4.4 million in cash, 2.
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BUSINESS
October 5, 1993 | JACK SEARLES
Camarillo-based Alpharel Inc. expects to reduce overall costs $2 million annually as a result of its previously announced acquisition of San Diego's Optigraphics Corp. The savings will come from restructuring the two firms, both of which produce document imaging systems for business and government, said Robert T. Bruce, Alpharel's chairman and chief executive. The deal, completed last week, called for Alpharel to pay $10.7 million, consisting of $4.4 million in cash, 2.
BUSINESS
July 6, 1993 | JACK SEARLES
Alpharel Inc., a Camarillo producer of document imaging systems, said it is involved in merger talks with Optigraphics Corp., a San Diego imaging systems firm. A definitive agreement has not been reached, but the merger would involve the payment of an undisclosed amount in cash, common stock and notes to Optigraphics, Alpharel said. Alpharel, whose 1992 revenues totaled $6.2 million, said sales of the privately held San Diego concern are about 25% larger than Alpharel's.
BUSINESS
November 16, 1993
Alpharel Inc. posted a third-quarter net loss of $8.4 million, mostly because of onetime charges incurred in the three months that ended Sept. 30. The Camarillo supplier of software for managing documents said it took a $4.9-million charge in the latest quarter for purchased research and development and a $3.4-million charge relating to its acquisition of Optigraphics Corp. The latter was primarily a write-down of certain intangible assets and inventory, plus consolidation costs, Alpharel said.
BUSINESS
July 13, 1993 | Jack Searles
A management shift is in the works at Alpharel Inc., a Camarillo producer of imaging systems that is about to acquire a San Diego competitor. Robert T. Bruce, Alpharel's chairman, will continue in that position but will also resume his former posts as president and chief executive officer. He'll take on the additional duties upon the merger with Optigraphics Corp.
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