Monday, March 14, 2011

Big Capture Projects Continue

By most accounts, the last three months of 2010 were a good time for the capture industry. ReadSoft, Kofax, and Top Image Systems, three publicly traded companies, each announced strong calendar fourth quarters. And that momentum appears to have flowed over into the first part of 2010. Top Image recently announced this $760,000 deal for the Argentinian Census. According to Omri Gelb, executive VP, it is TIS's 11th census win in the last year.

Utilizing automated data capture on census forms seems to have become a no-brainer. In a census that was fraught with budget overruns in other areas, scanner vendor ibml has announced that "its high-speed document scanning technology played a key role in helping the Lockheed Martin-led Decennial Response Integration System (DRIS) team complete the 2010 U.S. Census forms processing operation on schedule and under budget." From the ibml press release, "the team was able to process as many as 2.5 million 2010 Census forms every 24 hours during peak production. Lockheed Martin used 44 ibml ImageTrac scanners across three data capture centers to capture images from more than 165 million 2010 Census forms."

Finally, what report on the document capture space would be complete without mention of Kofax, which recently announced a $900,000 invoice processing deal. It's a combination Kofax Capture/KTM and Markview workflow deal - the type Kofax envisioned when it bought 170 Systems about a year and a half ago.

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