Parche, Starboard buy shares of Captaris

By Lisa Kerner

Charlotte, N.C., Nov. 2 - Captaris, Inc. investors Parche, LLC and Starboard Value and Opportunity Master Fund Ltd. purchased 561,848 shares of the company's stock between Aug. 22 and Nov. 1 priced from $4.38 to $5.43 each.

The investors beneficially own 2,600,569 shares, or 9.6%, of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

Captaris, based in Bellevue, Wash., develops software products that manage documents electronically and automate business processes.

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