Oracle Buys Document Capture Leader Captovation
Oracle announced today that it has agreed to acquire Captovation, a leading provider of document capture solutions that streamline the process of capturing mission-critical content for access from within business applications and processes. The acquisition is expected to strengthen Oracle’s leading Enterprise Content Management (ECM) software portfolio to provide an integrated and automated solution for overall transactional content management that will help reduce costs, streamline critical business processes and simplify regulatory compliance.
Captovation’s software is expected to be a core component of Oracle Enterprise Content Management, which provides comprehensive capabilities for managing dynamic, transactional and historical content. Oracle Enterprise Content Management is a component of Oracle Fusion Middleware, the industry’s fastest growing, most standards-compliant, and best-of-breed technology foundation for Service-Oriented Architecture.
“Oracle is committed to expanding its leadership in the ECM segment by creating the most complete, integrated, usable, manageable and hot pluggable content management platform through organic growth and intelligent acquisitions,” said Thomas Kurian, Senior Vice President, Oracle Server Technologies. “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 and Oracle share an approach to ECM focused on capturing and integrating critical content to better support business processes&mdasha synergy evidenced by the hundreds of successful customer deployments we also share,” said Captovation’s President and CEO, Ken Peterka. “We’re excited about the acquisition and look forward to ongoing product enhancements to benefit our customers and partners.”
The transaction is expected to close by February 2008. Until the deal closes, each company will continue to operate independently. Financial details of the transaction were not disclosed. More information is available at http://www.oracle.com/captovation.
About Oracle Enterprise Content Management
Oracle offers the industry’s most comprehensive and unified content management platform that provides a superior user experience and reduces development and administration costs. Oracle’s content management portfolio is comprised of Oracle Universal Content Management, Oracle Universal Records Management, Oracle Information Rights Management, Oracle Imaging and Process Management and Oracle Content Database. Over 6,000 customers use Oracle’s content management solutions to help them proactively manage content, increase productivity and reduce costs with an enterprise-wide content infrastructure. Oracle’s content management solutions are integrated components of Oracle’s standards-based family of middleware software, Oracle Fusion Middleware. More than 53,000 customers now use Oracle Fusion Middleware, including leading organizations in the Financial Services, Telecommunications, Manufacturing, Retail, Pharmaceuticals, Health Care and Public Sector industries.
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