Brainware was an American software company that marketed

Automatic identification and data capture Automatic identification and data capture (AIDC) refers to the methods of automatically identifying objects, collecting data about them, and entering them directly into computer systems, without human involvement. Technologies typically considere ...

and

data extraction Data extraction is the act or process of retrieving data out of (usually unstructured or poorly structured) data sources for further data processing or data storage (data migration). The import into the intermediate extracting system is thus usual ...

products. The company was acquired by

Hyland Software Hyland Software is the developer of the enterprise content management (ECM) and process management software suite called OnBase. Applications of the suite are used in healthcare, financial institutions, insurance, government, higher education and ...

in 2017. Brainware originally spun out of Dulles-based SER Solutions Inc. in February 2006 when SER was acquired by The Gores Group LLC. From February 2006 to March 2012, Brainware's majority owner was San Francisco-based private equity firm

Vista Equity Partners Vista Equity Partners is an American investment firm focused on financing and forwarding software, data, and technology-enabled startup businesses. Vista has invested in hundreds of companies, including Misys, Ping Identity, and Marketo. The co ...

History

On March 5, 2012,

Lexmark International Lexmark International, Inc. is a privately held American company that manufactures laser printers and imaging products. The company is headquartered in Lexington, Kentucky. Since 2016 it has been jointly owned by a consortium of three multination ...

announced it had acquired the company for a cash price of approximately $148 million. The company was added to Lexmark's

Perceptive Software Perceptive Software is a business unit of Hyland Software, Inc. Hyland announced itacquisition of Perceptivein July 2017. History The company was founded in 1988 as Genesis Software and initially produced accounts payable software application ...

division. On July 10, 2017,

finalized its acquisition of the Perceptive Business Unit of Lexmark International, Inc. All enterprise software business assets in the Perceptive business unit, including Perceptive Content (formerly ImageNow), Perceptive Intelligent Capture (formerly Brainware), Acuo VNA, PACSGEAR, Claron, Nolij, Saperion, Pallas Athena, ISYS and Twistage, now operate under Hyland's portfolio of products. Brainware was headquartered in Ashburn, Virginia, USA, with sales, support, professional services and R&D offices in London, UK; Kirchzarten, Germany; and Neuchâtel, Switzerland. The company had partnerships with most major enterprise software providers, including

Oracle An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination. Description The word '' ...

SAP Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separa ...

and

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

, and said its software integrated with most available

enterprise content management Enterprise content management (ECM) extends the concept of content management by adding a timeline for each content item and, possibly, enforcing processes for its creation, approval and distribution. Systems using ECM generally provide a secure ...

platforms. Brainware also partnered with a number of hardware providers, including

Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...

Fujitsu is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Tokyo. Fujitsu is the world's sixth-largest IT services provider by annual revenue, and the la ...

and OPEX. Brainware's core solution, Distiller, "disrupted the data capture industry by using contextual document data to deliver higher automated processing than earlier technology" said Henry Ijams, Managing Director and Founder, PayStream Advisors. Brainware was awarded a Technology Excellence Award by PayStream Advisors and their Advisory Board to honor those providers who are delivering industry leading solutions. Brainware said its software "could relieve a company of 60 percent to 80 percent of the work of manually keying in information from unstructured documents," and serviced companies such as

NEC is a Japanese multinational corporation, multinational information technology and electronics corporation, headquartered in Minato, Tokyo. The company was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC. It prov ...

Mayo Clinic The Mayo Clinic () is a nonprofit American academic medical center focused on integrated health care, education, and research. It employs over 4,500 physicians and scientists, along with another 58,400 administrative and allied health staff, ...

Bechtel Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. , the ''Engineering News-Record'' ranked Bechtel as the sec ...

Royal Dutch Shell Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...

, and

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

. In a 2011 comparison report,

Real Story Group Real Story Group, known as CMS Watch until February 2010, is a digital workplace and marketing technology analyst firm headquartered in Silver Spring, United States with offices in Boston, New York City, Philadelphia, Washington DC, Bangalore, a ...

classifies Brainware as a "Capture Solutions" vendor, competing directly with

Kofax Kofax Inc. is an Irvine, California-based intelligent automation software provider. Founded in 1985, the company's software allows businesses to automate and improve business workflows by simplifying the handling of data and documents. Since 20 ...

and

ReadSoft ReadSoft was a global provider of applications for automating business processes. ReadSoft was founded by two university students in Linköping, Sweden, in 1991. The company was headquartered in Helsingborg, Sweden and its shares were traded on th ...

. Brainware and its customers were profiled in publications including ''Profit Online'', ''Business Finance'', ''imageSource'', ''Managing Automation'', ''

Industryweek ''IndustryWeek'' (IW) is an American monthly trade publication founded in 1882. Content ''IndustryWeek'' is a trade publication and website owned by Endeavor Business Media. It is a business-to-business (B2B) service that produces print, e-media ...

'', ''Treasury & Risk'' and others. The company's enterprise search technology has been profiled by ''

InfoWorld ''InfoWorld'' (abbreviated IW) is an information technology media business. Founded in 1978, it began as a monthly magazine. In 2007, it transitioned to a web-only publication. Its parent company today is International Data Group, and its siste ...

''.

References

External links

*{{Official website, http://www.brainware.com 2017 mergers and acquisitions Optical character recognition Defunct software companies of the United States Financial software companies Companies based in Virginia Financial data analysis Lexmark Software companies established in 2006 Software companies disestablished in 2017

History

See also

References

External links