IBM announced the “acquisition of Datacap Inc., Tarrytown, NY. for an undisclosed amount”. Datacap software automates image and data entry from a variety of documents and forms, including medical claims, tax returns and highly variable documents such as invoices and shipping documents for more precise business outcomes. Datacap extracts and converts data from a number of file types, including email files, JPEG and GIF image files, and PowerPoint presentations in seconds.
IBM says that the acquisition will help its customers “digitize, manage and automate their information assets, particularly in paper-intensive industries such as healthcare, insurance, government and finance.”
Datacap further extends IBM’s industry leading set of solutions to help companies make better decisions faster by managing content, optimizing processes and enabling compliance through ECM solutions and advanced case management.