Hardware, software, and services giant IBM has acquired Tarrytown, NY based Datacap, a provider of document capture technology focused on data management and automation.
Datacap software supports image and data entry automation for most types of documents and forms, including medical claims, tax returns and variable documents such as invoices and shipping documents.
Its technology allows customers to extract information form both structured and variable formats including email files, JPEG and GIF image files, and PowerPoint presentations.
IBM said that this acquisition strengthens its ability to help organisations digitise, manage and automate their information assets, particularly in paper-intensive industries such as healthcare, insurance, government and finance.
Big Blue intends to integrate Datacap within its ECM business, which is part of IBM’s Software Solutions Group.
Ron Ercanbrack, VP of enterprise content management for IBM, said: "We’ve chosen to make Datacap’s approach the foundation of IBM’s document capture strategy. Datacap’s approach to image capture, using sophisticated business rules management, sets it above the rest in the industry and provides the most complementary capabilities for IBM."
