IBEX acquires Alexander Young Limited

30th September 2009.

IBEX, the information management group formed by Zero Paper, today announces the acquisition of Alexander Young, for an undisclosed sum.

Based in Preston and founded in 1997, Alexander Young offers tailored document archive and management solutions to organisations in Lancashire, Cumbria, Greater Manchester and Merseyside.

Lorraine Birch, a co-founder of Alexander Young, will stay on as managing director to maintain customer links and handle the day-to-day running of the business, and Brian Young will provide ongoing support to the company.

Note to editors:

IBEX is an integrated records management service provider, expanding across the UK through a buy and build strategy with the backing of a consortium of entrepreneurs. IBEX encompasses three service areas:

• Physical & Data Archiving: box storage & retrieval; data storage, back-up & retrieval
• Business Process Outsourcing: scanning, paper/data processing including invoice & other forms processing and outsourced post rooms
• Destruction: secure destruction and shredding of information media

The combination of these activities gives customers a one-stop-shop for outsourcing all its physical paper documents requirements and capturing the efficiencies and savings by utilising a "cradle to grave" solution.