Posts tagged: capture

How the late Yogi Berra defines the product roadmap for streaming media players

Alan Bullock
 Oct 15, 2015
To paraphrase the legendary Yankees catcher, Yogi Berra,
“If you come to a 4K in the road, take it.”

September and October have been busy with product announcements from leading manufacturers of streaming digital media players. But despite the surging popularity of 4K Ultra HD video, there is a mixed bag of support for the new high-resolution format. Some of the new streamers support it, but others conspicuously do not. Read more »

Lexmark International Set to Acquire Kofax Ltd

Anne Valaitis
 Mar 25, 2015

 

 

In what seems to be shaping up as an exciting year in document and information technology, late yesterday it was announced that Lexmark International would seek to acquire Kofax Ltd for approximately $11 a share, or $1 billion. Upon news of the agreement, Kofax shares spiked 36%.  This is most certainly a disruptive move by Lexington, Kentucky-based Lexmark, and it positions them to be a “powerhouse” in intelligent capture and document processing while adding sophisticated platform capabilities for BPM.

Lexmark’s most recent acquisitions:

 

Lexmark’s acquisition spree kicked off in 2010, when the company acquired Kansas-based Perceptive Software (for a reported $280 million) with the goal of transitioning from a hardware-centric vendor to a solutions provider. Perceptive Software was a major provider of ECM software and solutions with specific strength in the higher education, healthcare and government sectors and its Image Now software platform offers a broad range of workflow solutions.

The marriage offered clear synergies for growth at a time when Lexmark’s revenue had slumped following the decline of the inkjet market.  Lexmark’s subsequent exit from the inkjet business reaffirmed the importance of new revenues streams. Lexmark, with its global infrastructure of direct & indirect channel for printing hardware, was an excellent fit for Perceptive with its advanced software solutions and vertical expertise. Both came from positions of strength in the medium sized business sector reaching up to the enterprise.

 

 

 

Irvine California-based Kofax provides a diverse set of software and platform solutions for information intensive customer interactions.  With $297 million in revenues reported in 2014, the company has direct sales operations in 30 countries and 850 channel partners working in 70 countries. Kofax has also made strategic acquisition investments in recent years.  In February 2013, Kofax acquired Altosoft to add business intelligence and analytics, then shortly after in July they acquired Kapow for data analytics. In September 2014, Kofax further strengthened its capabilities by obtaining Softpro GmbH for e-signature and fraud detection.
The combination of solutions from Lexmark (with Perceptive) and Kofax for sophisticated capture, intelligent routing, data mining/analytics and other key business processes creates a very strong and comprehensive portfolio.

“The acquisition of Kofax enhances our best-in-class offerings so our customers can capture, manage, access, and act upon their information more efficiently, and extends Lexmark into the high-growth smart process applications market,” said Paul Rooke, Lexmark chairman and chief executive officer. “Our customers will have a breadth of hardware and software solutions that connect their information silos and automate their business processes – enabling them to access the most relevant information at the moment they need it to drive business forward”.

“We believe joining forces with Lexmark benefits our customers, partners, employees and shareholders and the merger will build on Kofax’s rich history of continuous innovation,” said Reynolds C. Bish, chief executive officer, Kofax. “Our market-leading ability to simplify and transform the First Mile™ of customer engagement is a strong complement to Perceptive Software’s strength in managing information across silos. As a result, we’re excited about the future and working together to realize the full potential of this opportunity to the benefit of all stakeholders.”

 

The Kofax acquisition reflects Lexmark’s ever-growing emphasis on software (including enterprise content management, business process management, document output management, search, intelligent capture software, vertical-oriented solutions); other high value offerings like laser products and MPS; and creating synergies among all three. The Kofax pickup also provides Lexmark with strong end to end vertical industry solutions such as financial services, insurance and healthcare, thus providing a foothold in the entire document lifecycle.     This is a significant move for Lexmark into software, considering a short time ago they were primarily print focused. This industry will continue to change and transform rapidly away from printed pages, and towards flexible, sophisticated solutions designed to solve business problems.

 

Nuance Acquires Notable Solutions (NSi)

Allison Correia
 Jul 22, 2014

Just last month talk circled of the potential acquisition of Nuance Communications, the speech and dictation recognition software company, by Samsung Electronics. As of yet nothing has come to fruition with this rumor, and now we have received confirmation (albeit a quiet announcement) that Nuance has made an acquisition of their own, of Notable Solutions, Inc. (NSi), an established global leader in secure information collection and output management solutions.

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DCT Reimagining ECM Delivery with SimpleECM Launch

Allison Correia
 May 20, 2014

After being in beta for several months, Document Capture Technologies (DCT), creators of SimpleScan Connect, announced on April 29th the release of their SimpleECM solution- “making information available where and when businesses want it”. This enterprise content management platform was created with a “workflow-centric view” of document/capture management and is delivered via standard application programming interfaces (APIs) and cloud-based services. Their target market includes in-house developers, system integrators, and outsourced app developers. Read more »

Nuance Announces Power PDF

Allison Correia
 Apr 11, 2014

Just last week on April 2nd, Nuance Communications announced the launch of their new product, Power PDF (Standard and Advanced), and I joined some of Nuance’s team in Burlington, MA for a day to hear more about the product. Read more »

A New Market Segmentation for Capture-enabled Devices

Ed Lee
 Sep 23, 2013

Excerpt from Digital Imaging Reporter’s State of the Industry 2013

More than ever before, consumers love to take photos. InfoTrends forecasts that cameras and phones will capture over 125 billion photos in the U.S. this year. While the photography market is certainly not going away, how consumers use their cameras and what they do with their images is changing. Moving forward, InfoTrends sees the capture market dividing into four segments.

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Harnessing the power of the network!

Anne Valaitis
 Jul 24, 2013

Panasonic announced on July 8th, the release of its KV-SS1100 network scanning solution. The KV-SS1100 is a standalone device that integrates with Panasonic’s portfolio of standalone document scanner devices to then convert into a network-enabled capture device, no matter what the speed of scanner chosen.


The SV1100 features a 7” LCD touchscreen with a 1024×600 resolution and a scratch-protection sheet, and a hardware button for quick scanning.

Panasonic claims that the SS1100 will eliminate the need for laborious tasks like manual scanning and data entry by providing the wired or wireless network connection businesses need to keep their documents flowing. With the KV-SS1100, files are sorted, edited, auto scanned and filed to various folders based on customizable presets.

Hardware devices with the ability to “upgrade” without the need to replace the entire device are very attractive for company’s not interested in making new investments. There is tremendous benefit and value to fitting a large LCD touch panel into an existing hardware footprint, it can allow for shortcut buttons for common tasks and predefined workflows suited for a variety of vertical markets and processes that are heavily paper intensive.

Vertical markets such as Healthcare have many key process and paper ingestion areas that are vital to handling hardcopy items such as patient records. Speed and accuracy of entering patient data, along with regulation and compliance in healthcare are high priority according to the InfoTrends Business Process Automation Study, specifically HIPAA requires that patient data remain private and confidential. The practice of scanning and capturing documents and content, at point of origination, is looking to meet these requirements. And the added bonus of having an adjunct device that can aid in the capture of data by creating a workflow friendly integration is vital in any business process.

Pricing and Availability
The KV-SS1100 network scanning solution is available immediately at $1,549 MSRP through authorized Panasonic resellers starting and comes with a One-Year Warranty.

Kodak has a NEW buyer for Document Imaging

Anne Valaitis
 May 1, 2013

Kodak to sell its Document Imaging business to U.K Kodak Pension Plan


Kodak has entered into an agreement whereby it will sell off its Document Imaging and Personalized Imaging business units to U.K Kodak Pension Plan, KPP. As part of the continued restructure to exit bankruptcy, Kodak will sell off its Document Imaging business for $650m in cash and non-cash consideration. Overall, the agreement settles approximately $2.8 billion of claims by the defined benefit (DB) pension plan against Kodak and certain of its affiliates.

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Russia: The Digital Photography Consumer Study

Other Posts
 Jan 10, 2013

The Russian digital photography market which was once dominated by early adopters and hobbyists is becoming a mainstream market. Many of today’s Russian digital camera owners describe themselves as mainstream adopters of technology and family memory keepers or casual photographers. As market maturation is inevitable, it typically brings with it a decline in photo activity. InfoTrends research has found that the percentage of Russian respondents who report using their digital camera once a week or more often has declined steadily over the years. Additionally the number of photos taken declined gradually between 2009 and 2011 and appears to have settled in 2012.

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Kofax Transform 2012

Anne Valaitis
 Mar 16, 2012

The 2012 Kofax Transform event was held in San Diego earlier this week.  This Kofax event is a mix of partners, vendors, customers and analysts with a total attendance estimated at over 600.  They had a robust lineup of educational sessions targeted at the diverse set of attendees that would span 2 days (there were pre-conference product certification classes as well).

Kofax has undergone dramatic changes in the last few years; optimizing their own historic business, reorganizing their channel (down from 1200 at a high), managing through a tired economy (both in the US and EMEA), and acquisitions meant to expand and bolster their capabilities and portfolio.  Kofax remains a leader in enterprise scan and content capture with the lion’s share of licenses in this space.  In order to remain on trend, and looking to be agile with its business, Kofax made two significant acquisitions in the last 8 months, Atalasoft and Singularity.  Atalasoft is a development company that works with its DotImage SDK to image enable apps and portals.  Singularity, by contrast, allows Kofax to extend their reach into the business beyond capture and into the BPM market.

At the event, the main message was “capture enabled business process management”, and what that will mean for its customers, and resellers.  Executives such as CEO Reynolds Bish and CMO Martyn Christian spent time outlining the current business and then began to connect the dots for the future.  The future, according to Kofax, will be heavily influenced by mobile development and technologies.  They went so far as to provide a “preview” of a mobile app along with a strategy to integrate mobile into the capture continuum.

In terms of tone, I felt the event was well received from their partners and resellers.  The dust seems to have settled and generally the resellers feel positive regarding the path that Kofax is taking.  Customers I spoke with were happy with their implementations of Kofax, some being clients for years now.  It remains to be seen how Capture, DM and ECM vendors will weather the storm of acquisition and compression in the industry, last week’s announcement of Lexmark acquiring Brainware demonstrates the value of content capture in a total solution.

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