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Safeguard Business Systems

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uuid000bzq2

Namestring
Safeguard Business Systems
Legal namestring
Safeguard Business Systems, Inc.
Websiteurl
gosafeguard.com
Company typeenum
Private
Founded yearint
1953
Descriptiontext

Safeguard Business Systems, founded in 1953 and headquartered in Carrollton, Texas, is a distributor-led provider of business supplies, printed products, and marketing services to small and medium-sized businesses across the United States and Canada. Operated for decades as a wholly-owned subsidiary of Deluxe Corporation (NYSE: DLX), the company sells business checks and payment solutions, laser-compatible business forms, office supplies, envelopes, mailing labels, and design and print services through a network of more than 600 field representatives and 275+ independent distributor organizations. Its product portfolio is structured around compatibility with major accounting platforms (QuickBooks, Quicken, Sage, Microsoft Great Plains, Rent Manager, Solomon, RealWorld), and its revenue streams span one-time product sales, recurring marketing solutions and promotional products subscriptions, and professional design services delivered through an in-house studio. The company's go-to-market is exclusively channel-based: no self-service public pricing exists; customers must engage a Safeguard advisor (phone, email, or web login), and the distributor network provides localized, owner-operated sales coverage.

In February 2026, Deluxe agreed to sell Safeguard to Proforma in what is described as the largest acquisition by a distributor in branded merchandise industry history, transferring approximately 140 distributor sales organizations, $40 million in company-owned business, and roughly $180 million in annual revenue. The transaction, expected to close in March 2026, would bring Proforma's combined revenues to approximately $850 million against a stated $1 billion target. Safeguard's technology layer consists of a website-based ordering portal, eCatalog, eBilling, and a Safeguard Virtual Experience showroom, but does not expose APIs, developer tooling, or proprietary AI/ML assets. Business operations have been shaped by an active in-house BAM (Business Acquisitions and Mergers) team that has executed more than 175 strategic transactions since 2008, including the 2014 build-out of Brand Advantage Group, the 2017 divestiture of that unit and multiple sub-distributors, and the 2017–2018 vertical extensions via L.A.M. Enterprises and Kinetic Group.

Short descriptiontext

Safeguard Business Systems is a Deluxe Corporation subsidiary that distributes business checks, forms, office supplies, printed products, and design and promotional marketing services to small and medium-sized businesses across the U.S. and Canada through a 600+ representative, 275+ distributor franchise network, and is pending acquisition by Proforma in March 2026.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersDallas, United States
HQ citystring
Dallas
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
business checks printing, promotional products distribution, business forms supplies, graphic design services, franchise distribution network
NAICS code2 codes
  • Office Supplies and Stationery Retailers45941
  • Other Professional Equipment and Supplies Merchant Wholesalers42349
SIC code2 codes
  • Wholesale-Professional & Commercial Equipment & Supplies5040
  • Wholesale-Paper & Paper Products5110
Product category
Business Printing and Supplies Distribution
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Product Sales
TypeOne Time License
Description

Sale of business checks, business forms, office supplies, printed products, promotional products and apparel through a network of independent distributors.

gosafeguard.com
2Design and Print Services
TypeProfessional Services
Description

Custom graphic design, logo design, and printing services provided through Safeguard's in-house design studio.

gosafeguard.com
3Marketing Solutions
TypeSubscription Recurring
Description

Marketing kits, promotional products, and brand management services for businesses looking to grow.

gosafeguard.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details1 tier
1Quote-based pricing through advisors
ModelOtherBilling cadencePay-as-you-go
Notes

All pricing requires contacting a Safeguard advisor. No self-service pricing available on website.

gosafeguard.com
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 3 records shown
1Brand Advantage Group by Safeguard
Description

Integrated marketing, supply chain management and brand execution across the United States.

gosafeguard.com
+2 more records
Core offering1 text field

Safeguard Business Systems provides business checks, business forms, office supplies, printed products (envelopes, labels), promotional products and apparel, and in-house design and print services to small and medium businesses across the U.S. and Canada. Products and services are sold exclusively through a network of 600+ independent distributor advisors who consult with customers on business operations and marketing needs. The company also delivers marketing kits and brand management solutions through recurring engagements.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Safeguard/Deluxe moved up from #34 in 2013 to #16 in 2019 on ASI Counselor Top 40 Distributors list
+1 more record
Product overview1 text field

Safeguard Business Systems offers a comprehensive suite of business solutions through its network of independent distributor sales organizations. The product portfolio centers on business check printing and payment solutions (including laser business checks, deposit slips compatible with major accounting software platforms like QuickBooks, Sage, and Microsoft Great Plains), business forms (laser invoices, statements, purchase orders), office supplies (stamps, filing systems, toner cartridges), printed products (envelopes, mailing labels), and professional design services (logo design, graphic design, branding). The company operates through a franchise/distributor model with over 600 representatives serving businesses across the U.S. and Canada, providing both products and advisory services to help businesses manage and market their operations.

Product and service7 records
1Business Checks and Payment Solutions
CategoryBusiness Checks and Payment Solutions
Description

Business check printing and payment solutions including laser business checks, deposit slips, and related financial payment products designed for business disbursement and payroll needs.

2Business Forms
CategoryBusiness Forms
Description

Laser business forms including invoices, statements, purchase orders, and estimates compatible with various accounting software packages such as QuickBooks, Sage, Quicken, and Microsoft Great Plains.

3Office Supplies
CategoryOffice Supplies
Description

General office supplies including endorsement stamps, pre-inked stamps, date stamps, badges, nameplates, filing systems, deposit bags, toner cartridges, pressure seal machines, and year labels.

4Printed Products
CategoryPrinted Products
Description

Printed products including business envelopes (single/double window, business reply, shipping) and mailing labels (continuous, laser, pre-printed) for envelope and package addressing.

5Design and Print Services
CategoryDesign and Print Services
Description

In-house design studio offering graphic design services, logo design, and professional marketing material design including brochures, mailers, flyers, and sell sheets to support SMB branding efforts.

6Promotional Products and Apparel
CategoryPromotional Products and Apparel
Description

Custom promotional products and apparel items for brand marketing and business promotion purposes, sourced and branded through Safeguard's distributor network.

7Marketing Kits and Marketing Solutions
CategoryMarketing Solutions
Description

Recurring marketing kits, promotional products, and brand management services for businesses looking to grow, delivered on an ongoing subscription basis.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-02-11
Description

Proforma reached an agreement to acquire Safeguard Business Systems from Deluxe Corporation. This is described as the largest acquisition by a distributor in branded merchandise industry history. The deal includes nearly 140 distributor sales organizations and $40 million in company-owned business, bringing Proforma's combined revenues to approximately $850 million as it targets $1 billion. Expected to close in March 2026.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Proforma is a leading promotional products and printing distributor with a network of independent distributors across North America. It is directly comparable because it shares the same franchise/distributor GTM, the same product categories (print, promo, apparel), and is in the process of acquiring Safeguard.

TypeDirect peer
Description

4imprint is a publicly traded direct marketer and distributor of promotional products headquartered in Oshkosh, WI. It is directly comparable because it competes head-to-head in promotional merchandise distribution, though via a digital-first model rather than a local advisor network.

TypeDirect peer
Description

Halo Branded Solutions is one of the largest independent promotional products distributors in North America, serving enterprise and mid-market accounts. It is directly comparable because it competes in the same branded merchandise and print categories via a national sales organization.

TypeDirect peer
Description

National Pen (a Cimpress company) provides customized promotional products, writing instruments, and print-on-demand services to SMBs. It is directly comparable because it overlaps with Safeguard's promotional products and SMB customer focus, with a more e-commerce-driven delivery model.

TypeDirect peer
Description

Crestline is a promotional products distributor offering customized merchandise, awards, and apparel through an online platform. It is directly comparable because it serves the same SMB promotional products buyer with transparent online pricing, competing with Safeguard's promo catalog.

TypeDirect peer
Description

Quality Logo Products is an online distributor of promotional products with an extensive catalog of branded merchandise. It is directly comparable because it competes for the same SMB promotional products spend as Safeguard's promo catalog.

TypeBroad incumbent
Description

Deluxe Corporation is the publicly traded (NYSE: DLX) parent of Safeguard and itself a major provider of business checks, forms, and payment solutions. It is comparable as a broad incumbent because it operates directly adjacent product lines and has sold Safeguard to Proforma while remaining active in SMB financial supplies.

8PCG (Print Connects Group)
TypeDirect peer
Description

PCG is a network of independent print and promotional product distributors serving North American SMBs. It is directly comparable because it competes with Safeguard's distributor/franchise model in print, promotional products, and marketing services.

TypeDirect peer
Description

Geiger is a fifth-generation, family-owned distributor of promotional products and branded merchandise with a national field sales force. It is directly comparable because it competes in promotional products distribution with a multi-channel GTM overlapping Safeguard's enterprise and SMB segments.

TypeDirect peer
Description

Brandvia is a promotional products and branded merchandise distributor serving enterprise and mid-market customers with custom merchandise programs. It is directly comparable because it overlaps in promotional merchandise and brand management services delivered to similar customer profiles.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration8 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Safeguard Business Systems

Business Printing and Supplies Distributiongosafeguard.com

Safeguard Business Systems is a Deluxe Corporation subsidiary that distributes business checks, forms, office supplies, printed products, and design and promotional marketing services to small and medium-sized businesses across the U.S. and Canada through a 600+ representative, 275+ distributor franchise network, and is pending acquisition by Proforma in March 2026.

What Safeguard Business Systems does

Safeguard Business Systems, founded in 1953 and headquartered in Carrollton, Texas, is a distributor-led provider of business supplies, printed products, and marketing services to small and medium-sized businesses across the United States and Canada. Operated for decades as a wholly-owned subsidiary of Deluxe Corporation (NYSE: DLX), the company sells business checks and payment solutions, laser-compatible business forms, office supplies, envelopes, mailing labels, and design and print services through a network of more than 600 field representatives and 275+ independent distributor organizations. Its product portfolio is structured around compatibility with major accounting platforms (QuickBooks, Quicken, Sage, Microsoft Great Plains, Rent Manager, Solomon, RealWorld), and its revenue streams span one-time product sales, recurring marketing solutions and promotional products subscriptions, and professional design services delivered through an in-house studio. The company's go-to-market is exclusively channel-based: no self-service public pricing exists; customers must engage a Safeguard advisor (phone, email, or web login), and the distributor network provides localized, owner-operated sales coverage.

In February 2026, Deluxe agreed to sell Safeguard to Proforma in what is described as the largest acquisition by a distributor in branded merchandise industry history, transferring approximately 140 distributor sales organizations, $40 million in company-owned business, and roughly $180 million in annual revenue. The transaction, expected to close in March 2026, would bring Proforma's combined revenues to approximately $850 million against a stated $1 billion target. Safeguard's technology layer consists of a website-based ordering portal, eCatalog, eBilling, and a Safeguard Virtual Experience showroom, but does not expose APIs, developer tooling, or proprietary AI/ML assets. Business operations have been shaped by an active in-house BAM (Business Acquisitions and Mergers) team that has executed more than 175 strategic transactions since 2008, including the 2014 build-out of Brand Advantage Group, the 2017 divestiture of that unit and multiple sub-distributors, and the 2017–2018 vertical extensions via L.A.M. Enterprises and Kinetic Group.

Safeguard Business Systems firmographics

Firmographics
Name
Safeguard Business Systems
Legal name
Safeguard Business Systems, Inc.
Website
https://gosafeguard.com
Company type
Private
Founded year
1953
Operating status
Operating
Headcount range
251–500 employees
Short description
Safeguard Business Systems is a Deluxe Corporation subsidiary that distributes business checks, forms, office supplies, printed products, and design and promotional marketing services to small and medium-sized businesses across the U.S. and Canada through a 600+ representative, 275+ distributor franchise network, and is pending acquisition by Proforma in March 2026.
Ownership category
akta.pro rank

Where Safeguard Business Systems is headquartered

Location

Headquarters

HQ city
Dallas
HQ country
United States
HQ region
North America

Offices3 records

Markets served

Safeguard Business Systems business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Product Sales: Sale of business checks, business forms, office supplies, printed products, promotional products and apparel through a network of independent distributors.
  2. Design and Print Services: Custom graphic design, logo design, and printing services provided through Safeguard's in-house design studio.
  3. Marketing Solutions: Marketing kits, promotional products, and brand management services for businesses looking to grow.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goQuote-based pricing through advisors

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Safeguard Business Systems product offering

Product offering

Core offering

Safeguard Business Systems provides business checks, business forms, office supplies, printed products (envelopes, labels), promotional products and apparel, and in-house design and print services to small and medium businesses across the U.S. and Canada. Products and services are sold exclusively through a network of 600+ independent distributor advisors who consult with customers on business operations and marketing needs. The company also delivers marketing kits and brand management solutions through recurring engagements.

Product overview

Safeguard Business Systems offers a comprehensive suite of business solutions through its network of independent distributor sales organizations. The product portfolio centers on business check printing and payment solutions (including laser business checks, deposit slips compatible with major accounting software platforms like QuickBooks, Sage, and Microsoft Great Plains), business forms (laser invoices, statements, purchase orders), office supplies (stamps, filing systems, toner cartridges), printed products (envelopes, mailing labels), and professional design services (logo design, graphic design, branding). The company operates through a franchise/distributor model with over 600 representatives serving businesses across the U.S. and Canada, providing both products and advisory services to help businesses manage and market their operations.

Differentiator

Problem solved

Functional benefit

Brands

  • Brand Advantage Group by Safeguard: Integrated marketing, supply chain management and brand execution across the United States.
  • L.A.M. Enterprises
  • Safeguard Marketing Solutions USA

Products and services

  • Business Checks and Payment Solutions Business check printing and payment solutions including laser business checks, deposit slips, and related financial payment products designed for business disbursement and payroll needs.
  • Business Forms Laser business forms including invoices, statements, purchase orders, and estimates compatible with various accounting software packages such as QuickBooks, Sage, Quicken, and Microsoft Great Plains.
  • Office Supplies General office supplies including endorsement stamps, pre-inked stamps, date stamps, badges, nameplates, filing systems, deposit bags, toner cartridges, pressure seal machines, and year labels.
  • Printed Products Printed products including business envelopes (single/double window, business reply, shipping) and mailing labels (continuous, laser, pre-printed) for envelope and package addressing.
  • Design and Print Services In-house design studio offering graphic design services, logo design, and professional marketing material design including brochures, mailers, flyers, and sell sheets to support SMB branding efforts.
  • Promotional Products and Apparel Custom promotional products and apparel items for brand marketing and business promotion purposes, sourced and branded through Safeguard's distributor network.
  • Marketing Kits and Marketing Solutions Recurring marketing kits, promotional products, and brand management services for businesses looking to grow, delivered on an ongoing subscription basis.

Quantifiable outcome

  • Safeguard/Deluxe moved up from #34 in 2013 to #16 in 2019 on ASI Counselor Top 40 Distributors list
  • +1 more outcomes

Companies that use Safeguard Business Systems

Customer profile

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Safeguard Business Systems technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration8 records

Safeguard Business Systems partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • ProformacoreChannel Partner/ Reseller/ Distributor · 11 February 2026Proforma reached an agreement to acquire Safeguard Business Systems from Deluxe Corporation. This is described as the largest acquisition by a distributor in branded merchandise industry history. The deal includes nearly 140 distributor sales organizations and $40 million in company-owned business, bringing Proforma's combined revenues to approximately $850 million as it targets $1 billion. Expected to close in March 2026.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Safeguard Business Systems competitors and assessment

Company assessment

Direct peers

  • Proforma: Proforma is a leading promotional products and printing distributor with a network of independent distributors across North America. It is directly comparable because it shares the same franchise/distributor GTM, the same product categories (print, promo, apparel), and is in the process of acquiring Safeguard.
  • 4imprint: 4imprint is a publicly traded direct marketer and distributor of promotional products headquartered in Oshkosh, WI. It is directly comparable because it competes head-to-head in promotional merchandise distribution, though via a digital-first model rather than a local advisor network.
  • Halo Branded Solutions: Halo Branded Solutions is one of the largest independent promotional products distributors in North America, serving enterprise and mid-market accounts. It is directly comparable because it competes in the same branded merchandise and print categories via a national sales organization.
  • National Pen: National Pen (a Cimpress company) provides customized promotional products, writing instruments, and print-on-demand services to SMBs. It is directly comparable because it overlaps with Safeguard's promotional products and SMB customer focus, with a more e-commerce-driven delivery model.
  • Crestline: Crestline is a promotional products distributor offering customized merchandise, awards, and apparel through an online platform. It is directly comparable because it serves the same SMB promotional products buyer with transparent online pricing, competing with Safeguard's promo catalog.
  • Quality Logo Products: Quality Logo Products is an online distributor of promotional products with an extensive catalog of branded merchandise. It is directly comparable because it competes for the same SMB promotional products spend as Safeguard's promo catalog.
  • PCG (Print Connects Group): PCG is a network of independent print and promotional product distributors serving North American SMBs. It is directly comparable because it competes with Safeguard's distributor/franchise model in print, promotional products, and marketing services.
  • Geiger: Geiger is a fifth-generation, family-owned distributor of promotional products and branded merchandise with a national field sales force. It is directly comparable because it competes in promotional products distribution with a multi-channel GTM overlapping Safeguard's enterprise and SMB segments.
  • Brandvia (formerly HALO Sponsorship/Allied): Brandvia is a promotional products and branded merchandise distributor serving enterprise and mid-market customers with custom merchandise programs. It is directly comparable because it overlaps in promotional merchandise and brand management services delivered to similar customer profiles.

Broad incumbents

  • Deluxe Corporation: Deluxe Corporation is the publicly traded (NYSE: DLX) parent of Safeguard and itself a major provider of business checks, forms, and payment solutions. It is comparable as a broad incumbent because it operates directly adjacent product lines and has sold Safeguard to Proforma while remaining active in SMB financial supplies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Safeguard Business Systems social profiles

Digital presence

Safeguard Business Systems financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Safeguard Business Systems leadership team

Management profile

Number of profiles

Profiles2 records

Safeguard Business Systems subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Safeguard Business Systems funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Safeguard Business Systems M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Safeguard Business Systems

What does Safeguard Business Systems do?

Safeguard Business Systems provides business checks, business forms, office supplies, printed products (envelopes, labels), promotional products and apparel, and in-house design and print services to small and medium businesses across the U.S. and Canada. Products and services are sold exclusively through a network of 600+ independent distributor advisors who consult with customers on business operations and marketing needs. The company also delivers marketing kits and brand management solutions through recurring engagements.

Is Safeguard Business Systems a public or private company?

Safeguard Business Systems is a private company. It is classified as corporate owned and is currently operating.

When was Safeguard Business Systems founded?

Safeguard Business Systems was founded in 1953. It employs 251 to 500 people.

Where is Safeguard Business Systems based?

Safeguard Business Systems is headquartered in Dallas, United States, in the North America region.

How does Safeguard Business Systems make money?

Three revenue lines are on record. Product Sales are the primary driver. The others are design and Print Services and marketing Solutions.

Who are Safeguard Business Systems's main competitors?

Direct peers on record are Proforma, 4imprint, Halo Branded Solutions, National Pen, Crestline, Quality Logo Products, PCG (Print Connects Group), Geiger and Brandvia (formerly HALO Sponsorship/Allied). Deluxe Corporation is listed as a broad incumbent.

Does Safeguard Business Systems have an API?

No public API is recorded for Safeguard Business Systems.

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Live signals
PR NewswireIdaho Supreme Court Affirms Two Judgments Against Safeguard Totaling Over $12.6 Million In Favor Of DistributorsThe Idaho Supreme Court unanimously affirmed two judgments totaling over $12.6 million against Safeguard Business Systems, Inc., in favor of distributors Roger Thurston and Dawn Teply for breach of account protection rights. The rulings followed an arbitration award of approximately $4.36 million and a jury verdict including punitive damages, with the court rejecting all of Safeguard's appeal arguments. This decision confirms that Safeguard actively concealed its involvement in allowing other distributors to solicit sales from its protected customers.PR NewswireCourt Rejects Safeguard's Bid to Overturn a $6 Million Jury VerdictAn Idaho court denied Safeguard Business Systems' post-trial motion to overturn a $6 million jury verdict awarded to its former Idaho distributor Roger Thurston, including $4.4 million in punitive damages. The jury found that Safeguard repeatedly violated Thurston's contractual rights to protected customers and engaged in outrageous conduct to conceal its violations, with the court finding clear evidence of breach through "concealment, oppression, intimidation, or despotism." Thurston's attorneys from Mulcahy LLP have also secured a separate $4.3 million arbitration win on behalf of another distributor in August 2016 and are seeking an additional $2.4 million in attorneys' fees.PR NewswireMulti-Million Dollar Punitive Damage Judgement Awarded To Mulcahy LLP ClientAn Idaho court entered judgment of more than $6 million, including $4.4 million in punitive damages, against Safeguard Business Systems in favor of a Safeguard distributor represented by Mulcahy LLP. The case involved Safeguard's violations of account protection rights under distributor agreements and subsequent attempts to cover up those violations, including concealing sales and lying about knowledge of the breaches. The $6 million verdict followed a four-week trial where the jury unanimously found Safeguard's conduct so egregious that punitive damages were merited.