IBM buys document capture vendor Datacap

Company's technology allows customers to quickly extract information from unstructured formats

IBM made the latest in its long run of acquisitions on Tuesday, announcing the purchase of document capture software vendor Datacap. Terms of the deal were not disclosed.

Datacap's technology allows customers to quickly extract information from unstructured formats, such as tax returns, invoices and claim forms, saving time and money over manual processes, according to a statement.

While IBM already had similar capabilities via its FileNet acquisition, it intends to make Datacap's software "the foundation" of its document capture strategy, the company said.

Meanwhile, companies and government organizations are facing an ever-increasing amount of unstructured data as well as regulatory pressure to improve records management, IBM said.

Datacap's roughly 200 customers include government clients like the Virginia Department of Taxation and health-care provider Blue Cross Blue Shield of Arizona. Customers' investments in Datacap products will be preserved, according to IBM.

In addition, Datacap CEO Scott Blau has been named director of enterprise content management at Big Blue.

IBM and Datacap are long-time partners. Datacap also partners with IBM rivals in the content management market, such as Oracle, Open Text and EMC.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesMergers / acquisitionsapplicationsIBMcontent managementsoftware

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?