Nov. 30, 2012
/PRNewswire-USNewswire/ -- Vmark, Inc. and certain of its affiliates (collectively, "Vmark"), recognized leaders in the production of plastic cards, direct mail marketing, and data solutions, announced today that Vmark has successfully closed the sale of substantially all of their operating assets to security solutions provider Valid
, Inc. ("Valid
"), a wholly owned subsidiary of Valid S.A. (MF&FBovespa: VLID3) ("Valid"), for consideration valued at approximately
.2 million in the aggregate. The Vmark companies include Versatile Card Technology, Inc., Qualteq, Inc. (d/b/a VCT-New Jersey, Inc.), Creative Automation, Unique Mailing Services, Inc., Global Card Services, Inc., Unique Embossing Services, Inc., Automated Presort, Inc., Fulfillment Xcellence, Inc., Unique Data Services, Inc., and Veluchamy, LLC.
"I would like to thank Vmark's strong management team and dedicated employees, whose hard work during this transition period has made this sale possible," declared Mr.
Fred C. Caruso
, Vmark's court‑appointed Trustee.
"We are pleased and honored to welcome the Vmark customers, employees and partners into the Valid family, and are looking forward to meeting today's and tomorrow's needs in the rapidly emerging digital economy," announced
Jose Roberto Mauro
, the Chief Executive Officer of Valid SA.
A publicly-traded Brazilian company, Valid is present in all Brazilian states and is expanding operations around the world, with its brand already recognized and respected in countries including
the United States
. With a market capitalization of more than US $1 billion, and more than 5,000 employees, Valid is a proven market leader in meeting the demands for cyber and information security which has made the Valid trademark a byword for trust and credibility.
PricewaterhouseCoopers Corporate Finance, LLC, Hilco Real Estate LLC, and Kirkland & Ellis LLP advised the Trustee in connection with the transaction. Dreifus Associates, Ltd., Inc. served as industry advisor to Valid, and Deutsche Bank, Deloitte LLP and DLA Piper LLP (US) provided financial and legal advice to Valid.