Indianapolis private investment firm The September Group LLC is acquiring two local technology companies. Indianapolis-based Word Systems Inc. and iRecord LLC will merge into one company, to be called Word Systems LLC. Terms of the deals were not disclosed.
Word Systems was founded more than four decades ago by Rich Barretto and his wife Sandy. It is currently owned and managed by Barretto and provides audio, video, and data capture solutions to customers.
Word Systems offers services including full system design, installation, training and support for courtroom and communication recordings, legal and medical speech processing and technical consulting.
The company will retain the management team and all employees.
“Our group is extremely excited to partner with the Barretto family and all of the employees of Word Systems and iRecord to continue to grow the company’s product lines and revenue,” said Gary Hentschel, partner at The September Group. “The team has built a great company with an outstanding reputation, and we look to build on this foundation with investment capital and a focus on growth.”
Hentschel will join Word Systems as chief executive officer while Jim Halsmer will stay on as president of the merged company.