Photizo Group receives $1.73 million in funding

Photizo Group, a Versailles-based consulting company that specializes in managed print services, announced Monday that it has received $1.73 million in funding. The funding from private equity firm Meritus Ventures includes a $500,000 credit line, according to a statement.

Photizo Group was founded by former Lexmark International executive Ed Crowley

The money will be used to help the company expand and develop new products. The company has done research globally on managed print services, in which businesses hire companies to manage their printing and sometimes workflow efforts.