ReadSoft adds imaging smarts

September 25, 2009:ReadSoft has acquired image processing and document handling technology for an undisclosed from Spear Solutions AB and Spear Imaging Inc.

The company says the patents and software it has aqcquired will complement the company's own solutions.

"Spear has, among other things, developed software which improves the quality of scanned images, which is of great importance to document handling solutions. Spear also has technology for remote image capture and web-based solutions for document processing."

"Spear has developed software which is in line with our own intentions and ambitions," comments Jan Andersson, CEO at ReadSoft. "This acquisition enables us to move faster and we will now integrate Spear's software into our own which will strengthen and broaden our offering to the market."