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RUSSIAN MARKET COPING WELL IN THE COVID YEAR

When the pandemic broke out, Russia was in pretty good shape: low inflation, low unemployment, stable banking sector and huge reserves. Thanks to sanctions back in 2014, Russia currently has a much smaller reliance on external capital flows. Therefore the shocks from the pandemic have hurt the economy less and

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DocuWare Enjoys Banner 2019

2019 was a busy year for DocuWare. The year kicked off with a change at the top, as long-time co-presidents Jürgen Biffar and Thomas Schneck retired and were replaced by their colleagues Dr. Michael Berger and Max Ertl in the roles of overseeing the technical and sales aspects of the

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A Look at the Partnership Between Hyland and Blue Prism

At CommunityLIVE 2019, Hyland announced a partnership with Blue Prism, a leader in the RPA market. This comes a year after Hyland announced plans to develop its own RPA technology. “We are excited about the relationship with Blue Prism,” said Hyland CEO Bill Priemer. “Both companies have a lot of

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Automation Anywhere Reveals Next-Gen RPA

It’s no secret that the RPA market has been growing rapidly. According to Harvey Spencer Associates, it grew 200% in 2018 and is expected to grow another 65% this year to reach $1.2 billion. Riding this wave, the leading vendors in the space have seen their market valuations soar to

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Y Soft Expands NA Executive Team

MFP software specialist Y Soft recently announced that its sales volume increased by 13% in its fiscal 2019 to reach $47 million. Based in the Czech Republic, the vendor recently beefed up its North American team with the appointment of Stephanie Kennard as EVP of sales. Kennard has formerly worked

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Grant Thornton Leverages Ephesoft’s Versatility

For years, document capture technology has been fairly limited in its application. Initially, it was used for tax, insurance, and other types of “structured” forms that had the same layout every time. Then, in the early aughts, we came up with more flexible technology that basically worked well on variably

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Ripcord Ups Ante with Non-Optical Imaging Technology

Ripcord is a company built on innovation. How else can you explain a well-funded ($75 million in venture investment) start-up entering the mature and rather staid market for document scanning services? When we met with them at AIIM, Ripcord executives discussed the company’s innovations in areas like automated staple detection

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Is Amazon’s Textract a Game Changer?

In late November, at its AWS re:Invent conference, Amazon Web Services announced a number of new services based on machine learning. One of those was Amazon Textract, which some pundits are saying is going to kill the OCR industry. According to Amazon, Textract is a service designed to “extract text

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