Levi Ray & Shoup

What Levi Ray & Shoup does

Levi, Ray & Shoup, Inc. (LRS) is a privately held, founder-controlled IT solutions company founded in 1979 in Springfield, Illinois, operating a multi-divisional platform that combines proprietary enterprise software with professional and staffing services. The company's flagship technology is the VPS mainframe output management suite — including VPS, VPSX, and Personal Print Manager (PPM) — developed since 1981 and running on IBM System Z to handle high-volume print and document output for some of the world's largest banks, manufacturers, insurers, transport companies, and governments. The portfolio was extended downstream via the Drivve acquisition (2018) into scan, print, and document management for SMB and mid-market buyers, and more recently via LRS Driverless Printing (April 2026) to support Mopria-compliant, driverless printing workflows. Additional product lines include the Transform document transformation module, LRS IT Solutions (hybrid cloud, cybersecurity, and third-party risk management services including IBM Power Virtual Server offerings), LRS Consulting Services, LRS Web Solutions, LRS Retirement Solutions, LRS Small Business Tech Services, and two non-core subsidiaries — Central Illinois Security and Diversified Yacht Services.

LRS makes money through a mix of recurring enterprise software licensing and support (quote-based, annual billing cadence per available data), professional services and IT staffing/consulting engagements (including via the November 2025 Codeworks acquisition), and ancillary services such as security and yacht management. The company serves a global customer base with disclosed vertical concentrations in banking/financial services, manufacturing, insurance, transportation, healthcare, and government, alongside a smaller SMB channel accessed through Drivve and LRS Small Business Tech Services. Go-to-market is predominantly direct enterprise field sales via a 22+ office global footprint spanning North America, Europe (UK, France, Germany, Italy, Sweden, Spain), Costa Rica, Asia Pacific (Singapore, Malaysia), Australia, and the UAE. The company is bootstrapped — no venture or private equity rounds are disclosed in the available data — and remains controlled by its co-founders, with Dick Levi identified historically as President and CEO and a more recent reference listing Ryan Levi as President & CEO, suggesting a leadership succession.

The company's strategic posture has been one of measured, acquisition-led platform expansion over the past decade (Capella 2013, Cirrato 2016, Drivve 2018, Fulcrum 2022, Codeworks 2025), combined with organic product evolution on top of the mainframe EOM core. Compliance posture is enterprise-grade, with EU-U.S./UK/Swiss Data Privacy Framework certifications, GDPR and CCPA compliance, and HIPAA-aligned sub-processor controls, supporting sales into regulated large enterprises across multiple jurisdictions.

Name

Levi Ray & Shoup

Legal name

Levi, Ray & Shoup, Inc.

Website

https://lrs.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Levi, Ray & Shoup (LRS) is a privately held, founder-controlled IT solutions company founded in 1979 that provides enterprise output management software for IBM mainframe environments, alongside IT staffing, consulting, hybrid cloud, and cybersecurity services, serving large enterprises in banking, manufacturing, insurance, government, and healthcare globally.

Ownership category

akta.pro rank

Product category

Enterprise Output Management Software

NAICS

Management Consulting Services (54161), Custom Computer Programming Services (541511), Software Publishers (5132)

SIC

Services-Engineering Services (8711), Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

akta.pro secondary industry

Software/Application Support (SaaS, Enterprise Apps) (BPAAACAC)

Keywords

• Enterprise output management
• IT staffing services
• Mainframe software solutions
• IT consulting services
• Print management software

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices22 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IT Staffing and Consulting: Staffing and consulting services provided to healthcare, government, and professional services clients. Revenue generated through professional services engagements and staffing placements.
2. Software Solutions: Enterprise Output Management software licensing and support, along with IT Solutions, Web Solutions, and other technology solutions sold to enterprise customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Levi, Ray & Shoup, Inc. (LRS) develops and sells enterprise output management software — led by the VPS (Variable Print Software) mainframe suite originally developed in 1981 — and provides IT staffing, consulting, web, retirement, and security technology services. The company operates through multiple specialized divisions serving global enterprise, government, healthcare, and professional services customers across more than 20 offices on four continents. It also owns subsidiaries in security services (Central Illinois Security), yacht services (Diversified Yacht Services), and document management (Drivve).

Product overview

Levi, Ray & Shoup, Inc. (LRS) is a global technology company founded in 1979 with over 900 employees worldwide, headquartered in Springfield, Illinois. The company operates as a platform-plus-divisions architecture with multiple specialized business units. The core portfolio includes LRS Output Management (encompassing the VPS mainframe software suite developed in 1981, VPSX, and Personal Print Manager for enterprise print/output management), LRS IT Solutions (cloud, security, and consulting services including IBM Power Virtual Server hybrid cloud solutions and Security Solutions for third-party risk management), LRS Web Solutions (web design and branding services), LRS Consulting Services, LRS Retirement Solutions, and LRS Small Business Tech Services. Additional divisions include Central Illinois Security and Diversified Yacht Services. The company recently expanded through acquisition of Codeworks (IT staffing and consulting) and maintains offices across North America, Europe, Asia, and Australia.

Differentiator

Problem solved

Functional benefit

Brands

• LRS Output Management: Enterprise Output Management (EOM) solutions for print and document management
• LRS Consulting Services
• LRS Retirement Solutions
• LRS Web Solutions
• LRS IT Solutions
• LRS Network Support
• Diversified Yacht Services
• Central Illinois Security, Inc.
• Drivve
• VPS (Virtual Print Solution)

Products and services

• VPS (Variable Print Software)
• VPSX
• Personal Print Manager (PPM)
• LRS Driverless Printing
• Drivve
• LRS Security Solutions
• IBM Power Virtual Server (PowerVS) Services
• LRS IT Solutions
• LRS Web Solutions
• LRS Consulting Services
• LRS Retirement Solutions
• LRS Small Business Tech Services
• Central Illinois Security (CIS)
• Diversified Yacht Services (DYS)
• Codeworks IT Staffing and Consulting

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Crawford Technologies: Crawford Technologies provides document transformation, output management, and customer communications solutions for enterprise environments, overlapping directly with LRS's VPS, VPSX, and document workflow product lines. CrawfordTech is also identified as a sub-processor partner to LRS, underscoring close competitive and ecosystem proximity.
• Compart AG: Compart AG specializes in output management, document composition, and multi-channel customer communication for enterprises — directly comparable to LRS's VPS and Transform software products. Compart is listed as an LRS infrastructure sub-processor, indicating deep product overlap.
• Quadient: Quadient provides customer communications management (CCM), document automation, and mail/output solutions to large enterprises and financial services — competing head-on with LRS Output Management in banking, insurance, and regulated industries.
• DocPath: DocPath develops enterprise document and output management software for high-volume printing environments, competing with LRS's VPS/VPSX in banking, insurance, and large enterprise accounts that require mainframe-grade output infrastructure.
• TEKsystems: TEKsystems is one of the largest IT staffing and consulting firms in North America, serving healthcare, government, and professional services — directly comparable to LRS's IT staffing and consulting division that Codeworks expanded.
• Insight Global: Insight Global is a large IT and healthcare staffing provider serving enterprise and government clients. Its scale, vertical mix, and staffing-led model mirror LRS's IT staffing practice now amplified by the Codeworks acquisition.
• Kforce: Kforce is a publicly traded IT staffing and consulting firm with strong presence in healthcare, government, and professional services — closely mirroring LRS's vertical specialization in IT staffing and consulting post-Codeworks.

Broad incumbents

• OpenText: OpenText (which absorbed StreamServe/Micro Focus output management) is a broad enterprise information management incumbent whose CCM and output management portfolio overlaps with LRS's VPS suite across large enterprise and regulated verticals.
• BMC Software: BMC provides enterprise IT management and mainframe tooling (BMC AMI) used by many of the same large banks, insurers, and manufacturers that rely on LRS VPS. Both compete for the mainframe IT budget of large regulated enterprises.

Emerging players

• Kodak Alaris: Kodak Alaris provides document scanning, imaging, and information management solutions that overlap with LRS's Drivve-branded scan, print, and document management offerings for SMBs, Fortune 500, education, and government.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/LRSWebSolutions
• LinkedInlinkedin.com/company/lrs

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Levi Ray & Shoup