Thursday, January 05, 2012

Brainware Announces $2 Million Deal

Intelligent data extraction specialist Brainware has announced a $2 million deal with a European service provider. This customer specializes in financial and accounting processes and Brainware's software will be used for invoices and "other financial documents." This represents that latest of several large deals for the Ashurn, VA-based ISV that has seen some impressive growth in the past few years. It is also a nice size win in a European market where some have speculated there is weakness due to macro-economic conditions.