Dicom buys Neurascript to strengthen Ascent

Dicom has bought U.K. based Neurascript, which specialises in software that automates the recognition, extraction and indexing of information from business documents and forms, to help boost its information capture technologies.

Neurascript is being bought for up to AUS$20.46m depending on certain targets being met.

Arnold von Buren, the chief of executive officer of Dicom, said: "The acquisition of Neurascript is a natural and strategic extension of a long-standing relationship. We consider Neurascript's high-end information capture tools to be core technology, especially as modules for our Ascent application platform.

"The Neurascript development team will be fully retained and strengthens our leadership position in the information capture market by providing significant expertise in the development of enterprise solutions."

Richard Brierton, the managing director of Neurascript added: "Neurascript has created scalable and robust tools that streamline the transformation of documents and forms into electronic information. Our technology complements the industry-leading products of Kofax, Dicom Group's US-based product development and marketing centre. We look forward to working together to expand the pervasiveness of our information capture technology among out worldwide partners and customers."

Dicom's technology aims to enhance professional applications by collecting paper documents, forms and e-documents, transforming them into accurate, retrievable information, and delivering it into business applications and databases.

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