Brainware
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | February 2006 |
| Defunct | 2017 |
| Fate | Acquired byHyland Software |
| Website | www.brainware.com |
Brainwarewas an American software company that marketedAutomatic identification and data captureanddata extractionproducts.[1]The company was acquired byHyland Softwarein 2017. Brainware originally spun out of Dulles-based SER Solutions Inc. in February 2006 when SER was acquired by The Gores Group LLC. From February 2006 to March 2012, Brainware's majority owner was San Francisco-based private equity firmVista Equity Partners.[2]
History[edit]
On March 5, 2012,Lexmark Internationalannounced[3]it had acquired the company for a cash price of approximately $148 million. The company was added to Lexmark'sPerceptive Softwaredivision.[4]
On July 10, 2017,Hyland Softwarefinalized its acquisition of the Perceptive Business Unit of Lexmark International, Inc. All enterprise software business assets in the Perceptive business unit, including Perceptive Content (formerly ImageNow), Perceptive Intelligent Capture (formerly Brainware), Acuo VNA, PACSGEAR, Claron, Nolij, Saperion, Pallas Athena, ISYS and Twistage, now operate under Hyland's portfolio of products.[citation needed]
Brainware was headquartered in Ashburn, Virginia, USA, with sales, support, professional services and R&D offices in London, UK; Kirchzarten, Germany; and Neuchâtel, Switzerland. The company had partnerships with most major enterprise software providers, includingOracle,SAPandMicrosoft,and said its software integrated with most availableenterprise content managementplatforms. Brainware also partnered with a number of hardware providers, includingHewlett-Packard,FujitsuandOPEX.[5]
Brainware's core solution, Distiller, "disrupted the data capture industry by using contextual document data to deliver higher automated processing than earlier technology" said Henry Ijams, Managing Director and Founder, PayStream Advisors. Brainware was awarded a Technology Excellence Award by PayStream Advisors[6]and their Advisory Board to honor those providers who are delivering industry leading solutions.
Brainware said its software "could relieve a company of 60 percent to 80 percent of the work of manually keying in information from unstructured documents,"[7]and serviced companies such asNEC,Mayo Clinic,Bechtel,Royal Dutch Shell,andRabobank.[8]
In a 2011 comparison report,Real Story Groupclassifies Brainware as a "Capture Solutions" vendor, competing directly withKofaxandReadSoft.[9]
Brainware and its customers were profiled in publications includingProfit Online,[10]Business Finance,[11]imageSource,[12]Managing Automation,[13]Industryweek,[14]Treasury & Risk[15]and others. The company's enterprise search technology has been profiled byInfoWorld.[16]
See also[edit]
References[edit]
- ^"Vista Equity Partners".Retrieved2011-04-12.
- ^Darlene Darcy (2009-04-20)."Brainware bulks up as potential clients slim down".Washington Business Journal.Retrieved2011-04-12.
- ^"Lexmark buys BDGB Enterprise for about $148M".2012-03-05.Retrieved2012-03-05.
- ^"Lexmark acquires Brainware".Lexmark Newsroom.Retrieved2022-10-22.
- ^"Data Capture and Enterprise Search Partnerships".Archived fromthe originalon 2012-05-27.Retrieved2011-11-03.
- ^"PayStream Advisors Honors Brainware Distiller for Technology Excellence in Healthcare Supply Chain".Fierce Healthcare.2011-10-19.Retrieved2023-01-03.
- ^Rachel Leon (2010-08-04)."Loudoun-based software company services globally, hires locally".Loudoun Times.Retrieved2011-11-03.
- ^"Brainware's Customers Demonstrate Success Across All Industries".Archived fromthe originalon 2012-07-19.Retrieved2011-11-03.
- ^Alan Pelz-Sharpe (2011-11-01)."ECM Vendor Evaluations: Real Story on Weaknesses and Strengths".Real Story Group.Retrieved2011-11-01.
- ^Marta Bright (October 2011)."Brainware and Oracle Modernize Procurement for Her Majesty's Prison Service".Profit Online. Archived fromthe originalon 2011-10-31.Retrieved2011-11-01.
- ^Mary Driscoll (2011-10-18)."Touchless AR Processing Boosts Productivity".Business Finance.Retrieved2011-11-01.
- ^Charles Kaplan (2011-05-09)."Intelligent Data Capture: Fulfill the Promise of BPA".imageSource. Archived fromthe originalon 2012-04-22.Retrieved2011-11-01.
- ^"Operational Excellence Mastery: Gardner Denver Inc".Managing Automation. May 2011. Archived fromthe originalon 2013-04-19.Retrieved2011-11-01.
- ^Brad Kenney (2007-11-02)."Product 2.0: Brainware's Intelligent Data Capture"(PDF).IndustryWeek. Archived fromthe original(PDF)on 2012-05-27.Retrieved2011-11-03.
- ^"Silver AHA Winner in Technology Excellence".Treasury & Risk. November 2010. Archived fromthe originalon 2012-04-30.Retrieved2011-11-01.
- ^Ephraim Schwartz (2009-02-09)."The case for unintelligent matches"(PDF).InfoWorld. Archived fromthe original(PDF)on 2012-05-27.Retrieved2011-11-03.