IBM today announced the acquisition of Datacap Inc., a privately-held company based in Tarrytown, N.Y. Datacap is a provider of software that enables organizations to improve the way they capture, manage and automate the flow of business information to improve business processes, reduce paper costs or manual errors and meet compliance mandates. "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," states Ron Ercanbrack, vice president of Enterprise Content Management for IBM.
Acording to IBM the acquisition will strengthen its ability to help organizations digitize, manage and automate their information assets, particularly in paper-intensive industries such as healthcare, insurance, government and finance. Regulations such as HIPAA and Sarbanes-Oxley have demanded new standards and now legislation is encouraging the adoption of new records management solutions, including scanning and capture to increase accuracy, lower costs and speed business processes to meet these regulations.
As businesses seek to transform and simplify their business processes, extracting meaningful information from unstructured content - both paper and electronic is critical. Datacap speeds up this process by automating the conversion of both structured and highly variable formats - email files, JPEG and GIF image files, and PowerPoint presentations - into actionable insight in seconds. This capability, which accelerates the dissemination of information throughout an organization, makes it easier for small-to-medium sized businesses, small departments or global organizations to extract analytics faster and transform their business processes.
IBM intends to integrate Datacap within its ECM business, which is part of IBM's Software Solutions Group. For more information on IBM ECM, go here,