Oracle adds document capture to shopping list

Stephen Withers
Thursday, 17 January 2008 09:43

IT Industry - Strategy

Hot on the heels of announcing it will buy middleware provider BEA, Oracle has announced and agreement to acquire document capture specialist Captovation.

The plan is to make Captovision's software part of Oracle Enterprise Content Management to help automate business processes. The software already integrates with Oracle Universal Content Management and Oracle Imaging and Process Management.

Captovision's range includes software for high volume mailroom environments, ad-hoc scanning, and cheque capture for banks. The software handles capture, indexing (through barcode recognition and OCR) and archiving. The company has over 700 customers, notably finance and insurance, education, government and retail.

Thomas Kurian, senior vice president, Oracle server technologies, said "By adding document capture to Oracle's leading content management, process automation and back office applications, Oracle will be the only vendor that can provide customers with a fully integrated solution for automating back office operations."

Captovation president and CEO Ken Peterka said "Captovation and Oracle share an approach to ECM focused on capturing and integrating critical content to better support business processes – a synergy evidenced by the hundreds of successful customer deployments we also share."

Financial terms were not disclosed. The deal is expected to close by February 2008.