Monday, July 02, 2012

Brainware, TIS Make More News

First there was the $7.5 million deal to increase its presence in Latin America, now Brainware has signed a deal with Content Concepts to distribute its software in the Asia-Pac region. A certified EMC parnter, Content Concepts, which is based in Singapore, advertises solutions in invoice/order processing, mailroom, and healthcare. They are the "only certified Brainware partner" in Asia-Pacific.

From the press release, "While Content Concepts will market Brainware’s applications for the automation of accounts payable operations initially, their long-term vision includes delivery of capture-driven efficiency across a number of vital back office processes."

TIS also announced another large deal today with a "one of Europe's largest logistics companies." The deal with worth $350,000 to TIS software will initially be deployed to process invoices for the company's German operations. TIS' eFlow capture software will be integrated with an SAP ERP system. From the press release, "In the second phase, the system will be expanded to the company’s other European locations. This growth-oriented enterprise also plans to expand to a fully automated Digital Mailroom solution."

These deals continue the strong momentum we have seen recently in the capture market. It's interesting to note that while both start with invoices/AP, both are talking about expanding into the wider capture market of digital-mailroom type solutions.

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