Scrypt Announces Merger With Axacore

Posted: Dec 23, 2014
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Scrypt, Inc. (OTC Pink: SYPT) today announced a forthcoming merger with Axacore, Inc. effective December 31, 2014.

The combined company will be called Scrypt, Inc. and will have an unwavering focus on transforming document management and delivery within regulated industries. At closing, Aleks Szymanski will remain as Scrypt CEO and Nick Basil will become Scrypt CTO and join the Board of Directors. All 40 personnel in Austin and San Diego will be retained.

Post-union, Scrypt will continue to offer the patented portfolio of electronic document management and fax solutions that include Sfax, Scrypt, XDOC, FaxAgent and FOIPLY.

“Put simply, together, we are more formidable,” Szymanski said. “Both Scrypt and Axacore have been enormously successful in creating compliant cloud and on-premise products for the healthcare and lending industries respectively. This merger enables us to blend our resources and expertise to innovate faster and deliver customer value in these sectors way beyond what we could achieve individually.”

“We live in a landscape where transaction-based secure document delivery is critical.” said Basil. “As Scrypt we remain dedicated to protecting sensitive and business-critical information while providing our customers and partners with elegant, cost-effective tools to help them work better, with confidence.”

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About Scrypt, Inc.

Since 1998, Austin-based Scrypt has been creating elegant document productivity tools for healthcare that eliminate manual processes and paper to save time and money. Scrypt has more than 30,000 customers across all 50 states. This fall, the Austin Business Journal FAST 50 named Scrypt as the eighth fastest growing small business in Central Texas. Visit www.scrypt.com for more information. Follow us on twitter @scryptinc.