Research Triangle Park
RESEARCH TRIANGLE PARK, N.C. – IBM (NYSE: IBM) is expanding its management and automation capabilities for data, especially in areas of many records are still kept on paper, with the acquisition of New York-based Datacap.
IBM announced the deal Tuesday.
Financial terms were not disclosed.
Datacap is based in Tarrytown, N.Y.
The deal will enable IBM to offer Datacap technology for improvement of business processes as well as reducing paper costs, errors and also help customers meet compliance requirements, IBM said.
Datacap has more than 200 customers that use its software, including:
• Chicago Department of Public Health
• Virginia Department of Taxation
• BlueCross BlueShield of Arizona
• Goodyear Tire & Rubber Company
• Dow Jones & Company
"Transforming the way organizations do business requires not only a powerful and flexible technology platform to accommodate the wide range of business requirements, challenges and goals, but also a deep understanding of the processes of the industries in which our clients operate," said Ron Ercanbrack, vice president of Enterprise Content Management for IBM.
"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,” he added.
Datacap will be incorporated into IBM’s Software Solutions Group.
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