Armonk, N.Y. -based IBM announced the acquisition of Datacap Inc., a privately-held company based in Tarrytown, N.Y. Datacap is a provider of software that enables organizations to capture, manage, and automate the flow of business information to improve business processes, reduce paper costs or manual errors and meet compliance mandates. Financial terms were not disclosed.
The acquisition strengthens IBM’s ability to help organizations digitize, manage and automate their information assets, particularly in paper-intensive industries such as healthcare, insurance, government and finance. Additionally, regulations such as HIPAA and Sarbanes-Oxley have demanded new standards and now legislation is encouraging the adoption of new records management solutions, including scanning and capture to increase accuracy, lower costs and speed business processes to meet these regulations.
Datacap customers are among the most visionary organizations, using document capture and Enterprise Content Management (ECM) solutions to streamline and transform their businesses. More than 200 clients across a variety of industries are using Datacap software to help capture and manage their data. These include the Chicago Department of Public Health, Virginia Department of Taxation, BlueCross BlueShield of Arizona, Goodyear Tire & Rubber Company, The Dutch Tax Office, Dow Jones & Company, California's Orange County Superior Courts, Hawaii Department of Taxation, and St. Vincent Hospital and Health Care Center.
