Centric Business Systems Acquires Carefree Office Technology, Inc.

May 9 —OWINGS MILLS, Md.– Centric Business Systems, a leading provider of document management technology in the Mid-Atlantic region, announces the acquisition of Carefree Office Technology, Inc., a successful office technology dealer located in Northern Virginia.

“This acquisition allows Centric to gain greater density in our regional footprint and provide our world class service to the Carefree customers in Northern Virginia,” said Centric president, Rick Bastinelli. “I am extremely excited to welcome members of the Carefree team and their customers to Centric.”

Carefree, located in Fairfax, Virginia, has more than 24 years experience in the document management industry and services over a thousand devices. They are an award-winning provider of hardware and software solutions in the Northern Virginia region.

“Joining Centric Business Systems is an exciting venture for Carefree,” said Chris Jones. “Our customers will benefit from their expertise and positioning in the marketplace, while maintaining our core values of integrity and excellence.”

The companies combined will provide more value to customers with a larger infrastructure, increased support to a growing customer base, and significantly expanded allocation of resources that further enhance customer support and satisfaction. As a result of this acquisition, Centric will achieve more than $60 million in annual revenue and over 260 employees.

About Centric

For more than 28 years, Centric has been giving organizations powerful document management solutions that improve productivity and save money. From managed print services and production print solutions to multi-function hardware and wide-format printers, Centric is committed to delivering reliable document technology that makes businesses better. The only locally owned document management company serving the entire mid-Atlantic region, Centric has earned its reputation for outstanding solutions, unparalleled support, and reliable service. For more information visit www.centricbiz.com.

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