ANDOVER, Mass.--(BUSINESS WIRE)--Omtool™, Ltd. (OMTL.PK) announced today that it has entered into an agreement to be acquired in an all-cash transaction. The transaction was unanimously approved by the Company's board of directors, acting on the unanimous recommendation of a committee of independent directors. Completion of the transaction is subject to customary closing conditions, including approval of the Company's stockholders. The holders of a majority of the outstanding shares of the Company have entered into voting agreements pursuant to which they have agreed to vote their shares to approve the transaction.

About Omtool

Omtool is a trusted partner for document capture, fax and workflow solutions. The company designs and builds software solutions that serve as the foundation for secure document process automation for clients that include some of the world’s largest financial institutions, hundreds of healthcare providers and legal firms, and companies across virtually every industry.