ReadSoft has announced the acquisition of privately held foxray AG, a European developer of Business Process Automation platforms that employs 40 staff.

The main foxray product is xbound, a Business Process Automation platform  used  in high volume document production sites for larger organisations such as banks, insurance companies, government, service centres/bureaus and outsourcing companies.

Currently used in Europe and Asia, xbound will be integrated into the ReadSoft Capture technology stack.

Per Åkerberg, President and CEO of ReadSoft, said, “By combining our DOCUMENTS solution with foxray’s xbound solution we will have a very strong Capture solution securing us a top position going forward.’