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Konica Minolta Expands Enterprise Content Management Portfolio with Acquisition of VeBridge Holdings, Inc.

VeBridge Adds a Wealth of ECM Tools and Knowledge that Simplify Document Management Processes

 Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) today announced the acquisition of VeBridge Holdings, Inc., a Lexington, Kentucky-based document management business that specializes in enterprise content management (ECM), business process automation and outsourcing, and document conversion services. 

VeBridge, founded in 1998, has a lengthy history of turning business challenges into profitable competitive advantages for their customers by converting paper to digital information that enables automating manual processes while providing secure yet easy access to information.  By helping companies take the first step in converting paper documents, and managing their content with ECM and business process management (BPM) products including  OnBase® by Hyland Software, the company provides a wide array of information and content management options for its customers. 

“What sets us apart is the ability to build workable bridges between people, process and technology in the manufacturing, healthcare, education and insurance spaces,” said Paul Engel, CEO and founder of VeBridge. “Understanding how to best meet our customers’ business needs, a process we refer to as relentless discovery, is the very foundation for the work we perform that ultimately benefits the end-users of our products and services.”

Through its ECM Business Development initiative, Konica Minolta is continually identifying companies with complementary services to support its national expansion of the ECM practice.  “With its geographic location and solid relationships in key industries, we knew that VeBridge would be a good addition to our practice,” says Les Walker, vice president, ECM Business Development. “We look forward to future opportunities for other compatible businesses to join our practice and support our focus on content management, conversion services and SharePoint consulting.”
                                                                           
Kevin Kern, senior vice president, Business Intelligence Services and Product Planning noted, “The acquisition of VeBridge further complements the portfolio of ECM, business process automation, document management solutions and document conversion services we currently offer to our customers.” Kern added, “We’re excited to make this addition, which expands our geographic coverage in the Midwest, and further demonstrates our commitment to meeting the current and future needs of businesses nationwide in solving their content and document management challenges.”  

 

Esker Achieves Record Sales Growth, Enhances Customer Experience Through Partnerships and Solutions Improvements

Their most successful quarter in their history

Esker, Inc., a worldwide leader in document process automation solutions and pioneer in cloud computing, recently announced that the company once again experienced its most successful quarter in company history. Fueled by an increased demand for AI-driven solutions and the company’s commitment to delivering comprehensive, industry-leading solutions, the first quarter of 2018 marked Esker’s 40th consecutive quarter of positive growth, with the second quarter continuing that trend.

 “This year has been productive and profitable for Esker, thus far. We continue to experience dynamic, double-digit growth quarter over quarter and year over year,” said Steve Smith, U.S. chief operations officer at Esker. “Moving forward, this gives us the resources to pursue a strategy that combines organic growth and acquisitions.”

In light of this growth, Lyon, France-based Esker was recently awarded the Futur40 award by Forbes France for recognition as one of the fastest growing small and medium-sized enterprises in France.

2018 highlights

During the first half of 2018, Esker gained several notable clients across a variety of industries. These customers experienced significant results following the implementation of Esker’s documents processing automation solutions:

  • Heineken Spain increased its order processing speed fivefold
  • Delicato Vineyards achieved a 60-percent increase in order processing speed
  • Trek Bicycles reduced past-due percentage by four percent, as well as Days Sales Outstanding (DSO)
  • Pelican Products automated its accounts payable invoicing and order management processes, reducing its order entry time by 80 percent

New customer contracts have been a huge driver of success in the first half of 2018, with the cumulative value of new contracts up 54 percent year over year. In addition, Esker’s continued focus on enhancing the customer experience has led to many existing customers expanding their contracts and implementing additional solutions throughout the year.

“Our growth throughout 2018 can be largely attributed to increased interest in cloud-based automation solutions. Revenues from these solutions increased by 21 percent over the quarter, representing 87 percent of the Esker’s business,” Smith said. “We’re continuing to see demand among businesses for AI-driven automation solutions that further their digital transformation goals.”

Esker also experienced growth in the form of partnerships. Since the start of the year, Esker has partnered with several leaders in the industry, including:

  • Viveris, a French-based systems integrator, allowing for faster implementation while maintaining high standards of customer service.
  • Optima EMC, a global implementation organization, providing a more holistic set of offerings that complement the evolving nature of digital transformation.
  • Genpact, a global professional services firm that delivers digital transformation for its clients.
  • Rimilia, a developer of automated intelligent financial solutions, providing Esker’s customers and prospects with market-leading cash application automation.

Through pursuing these partnerships, Esker has consistently maintained its dedication to exceptional customer service and experience.

Solution advancements

Esker showcased advancements in its artificial intelligence and machine-learning capabilities at this year’s Esker Americas User Conference (EAUC) in April. Esker’s customers and employees came together in Madison, Wisconsin, to learn more about Esker’s full suite of solutions and evolving capabilities.

Since the conference, Esker has expanded the functionality of its Esker Anywhere™ mobile application to support order management. The new features allow mobile users to easily place orders in a variety of forms and gives sales representatives greater visibility into the order process with a mobile dashboard as well as seamless integration with Esker’s AI-driven document process automation solutions. Additional improvements to the sales order process include integrating the Oracle E-Business Suite Enterprise Resource Planning (ERP) solution, streamlining Electronic Data Interchange (EDI)-based document processing and automating orders referencing quotes.

Esker also received ISO 27001:2013 certification for its Information Security Management System (ISMS) this year. ISO 27001 provides an international standard for evaluating the implementation, management and maintenance of information security within a company. This certification demonstrates that Esker has implemented information security in all areas of the organization.

Esker anticipates continued growth in the second half of 2018 as a result of these solution improvements and strategic partnerships.

 

DocuWare Continues Leadership in Cloud Growth

Increased Cloud Revenues Reflect the Growing Number of Businesses Migrating to the Cloud

DocuWare, a provider of cloud solutions for document management and workflow automation, demonstrates its continued leadership in mid-market cloud solutions, with cloud revenues up 112% in the first half of 2018. This bodes well for the company, and its growing partner channel, as industry predictions show that 78% of small to medium-sized businesses will move to some form of cloud computing in the next two years.

Over the past two years the company has seen accelerated success with its cloud-first strategy. With its reliability and security, as well as time and money-saving features, the cloud is the most effective productivity platform for employees. DocuWare’s expansive growth is evidence of how more organizations are looking to leverage these benefits to their advantage.

“There is no doubt that the release of DocuWare version 7 and the launch of our cloud-only DocuWare Kinetic Solutions, are critical components to our cloud growth this year,” says Jürgen Biffar, DocuWare founder and co-president. “With two brand-new cloud solutions targeted at finance and HR teams, we’re helping organizations shift manual processes to digital ones, with minimal downtime during the transition and high long-term value for every DocuWare user,” Biffar adds.
The company’s overall revenues increased 15% in 1H 2018, adjusted for foreign currency effects while EBIDTA was up 16%. “DocuWare’s profitability has allowed us to invest in the technology and resources to meet the growing demand for cloud-delivered solutions. We look forward to providing even more digital workflow automation solutions that positively impact the processes at the heart of our customers’ businesses,” concludes Biffar.

 

DocuSign signs definitive agreement to acquire SpringCM

Transaction accelerates DocuSign’s System of Agreement vision

As part of its vision to modernize companies’ Systems of Agreement (SofA), DocuSign Inc. (Nasdaq:DOCU) today announced that it has signed a definitive agreement to acquire SpringCM, a leading cloud-based document generation and contract lifecycle management software company based in Chicago.

With the addition of SpringCM’s capabilities in document generation, redlining, advanced document management, and end-to-end agreement workflow, the deal further accelerates DocuSign’s broadening of its solution beyond e-signature to the rest of the agreement process—from preparing to signing, acting-on, and managing agreements.

“DocuSign pioneered the e-signature category, and has built a strong SaaS business around that capability. We’ve also started to offer solutions that connect and automate the entire agreement lifecycle,” said Dan Springer, CEO of DocuSign. “We’ve done this with SpringCM as a partner across hundreds of joint commercial and enterprise customers. And we have many more DocuSign customers asking us to provide these capabilities natively as part of our platform. That’s why we believe today’s announcement makes such great business sense.”

“SpringCM shares DocuSign’s passion for transforming and automating the foundation of doing business—the agreement process,” said Dan Dal Degan, CEO of SpringCM. “That’s what we’ve been focused on since inception, and it’s why we power the contract lifecycle management processes for more than 600 of the world’s leading companies—including ADP, Aetna, Facebook, Hilton, Lenovo, Spotify, and the U.S. Department of Agriculture. By joining forces with the market leader, we can continue to simplify and accelerate the process of doing business, and drive innovation both before and after agreements have been DocuSigned.”

Under the terms of the agreement, DocuSign will acquire SpringCM for approximately $220 million in cash. Subject to customary closing conditions, including U.S. regulatory approval, the acquisition is expected to close in the third quarter of DocuSign’s fiscal year.

 

Nintex Acquires Process Management Leader Promapp

This acquisition adds new Nintex Platform visual collaboration and process management capabilities to help organizations better automate, orchestrate and optimize all business processes

Nintex is pleased to announce it has acquired Promappa business process management software company which provides partners and customers new tools to better optimize business processes through a market leading visual process mapping solution. Promapp will help Nintex customers more effectively automate, orchestrate and optimize business processes across any organization from the back to the front-office, easily connecting people and integrating with the world’s leading business ecosystems and apps.

Promapp has become a leading business process management software company by helping more than 500 public and private sector organizations worldwide successfully map and manage their processes realizing process improvements through intuitive, powerful tools used by teams every day. Promapp’s cloud-based software makes it easy to create, navigate, share, and change business processes, continuously improving areas like risk management, quality assurance and business continuity.

“Our acquisition of Promapp creates tremendous opportunities for companies to visually map and better manage every business process,” says Nintex CEO Eric Johnson.” By bringing together the power of the Nintex Platform with Promapp, our customers and partners can easily design, deploy and manage their business processes and address process automation scenarios that have been difficult or expensive to solve.”

Headquartered in Auckland, New Zealand, Promapp was founded in 2002 by Ivan Seselj and is co-owned by Richard Holmes. Both Seselj and Holmes are process experts from global consulting firms. Businesses and government agencies leverage Promapp to empower teams to own their processes and to drive accountability for continuous process improvement. The technology’s simple navigation, dashboard, and process ownership features make it easy to use, with one-click process editing features requiring no training to get started.

Promapp Founder Ivan Seseljadds, “The Promapp team is excited to join Nintex as our process excellence culture and passion for customer success are perfectly aligned. We see great synergies with our solutions and an opportunity to help our mutual customers achieve continuous process improvements.” 

Promapp supports the development of smarter ways to work, while encouraging sharing of information by operational teams rather than limiting it to process analysts and technical specialists. The company, like Nintex, is fast-growing, profitable and an innovator in its field.

“I have long believed that business processes, like applications, need to be valued as a portfolio of assets. That means they need to be properly documented, designed and modified using lifecycle management techniques,” says 451 Research Principal Analyst Carl Lehmann. “The capabilities enabled by Promapp combined with workflow automation technology like that from Nintex should enable modern enterprises to do just that.”

Aragon Research VP and Fellow Jim Sinurand Aragon CEO Jim Lundy add, “It’s exciting to see two Aragon hot vendors, Nintex and Promapp, merge together to help organizations across the globe improve how they automate and manage business processes – capabilities necessary to becoming a fully digital business and maintaining competitive advantage.”

Nintex plans to maintain Promapp’s offices in Auckland, Austin, San Francisco and Sydney and will relocate the Promapp teams in Melbourne and London to Nintex’s offices in those cities. The company plans to integrate the technologies quickly and will accelerate enhancements of the Promapp solution to benefit the company’s rapidly growing customer base, which includes well-known brands such as Coca Cola, Johnson & Johnson, McDonald’s and Toyota.

Rising Star at KYOCERA Document Solutions Tapped as New President & CEO of the Americas

Citing record of ground-breaking innovation, current President Ikeda calls Oscar Sanchez “the right choice for the future.”

KYOCERA Document Solutions America, Inc. today announced that effective September 1, 2018, Oscar Sanchez will become its President & Chief Executive Officer. Mr. Sanchez will be transitioning from his current position as Executive Vice President of KYOCERA Document Solutions Europe. Current KYOCERA Document Solutions America President Yukio Ikeda will remain in the U.S., continuing in an executive role.

“Under Mr. Ikeda’s leadership, the Americas continued to experience strong growth,” said Norihiko Ina, President of KYOCERA Document Solutions Corporation. “As markets evolve, as our business grows in new ways, we must add new strengths. Mr. Sanchez offers a unique skill set within our company.”

Oscar Sanchez earned an International MBA in Marketing at the Instituto de Empresa during which he spent the final semester studying at the UCLA Anderson School of Management. He started at Kyocera in 1996 and by 2002 had risen to General Manager of KYOCERA Document Solutions Spain, delivering the highest revenue in the company’s history and increasing profits over 1,000%. Mr. Sanchez then took on the additional responsibilities for Business Development throughout Europe, eventually relocating to the Netherlands to head both the Corporate Sales Division and Marketing Division as Executive Vice President of KYOCERA Document Solutions Europe.

In Spain and throughout Europe, Mr. Sanchez is known to challenge the status quo, to continuously search for opportunities to innovate, and to deliver exceptional results in major strategic initiatives. “Oscar is a dynamic individual,” said Mr. Ikeda. “I look forward to working with him to build on the success we’ve had in the Americas.”

In the last 2½ years, Mr. Ikeda presided over major advancements, most notably the acquisition of DataBank IMX, North America’s leading end-to-end business process solutions provider. Ikeda invested heavily in support of the company’s independent dealer partners, rolling out the industry’s most advanced dealer portal, and dramatically increasing dealer adoption of KYOCERA Fleet Services, the company’s remote monitoring service. Usage in the U.S. has outpaced the rest of the world by a wide margin.

Mr. Sanchez understands that the road ahead is not fully paved. The Americas represent a number of rapidly expanding and rapidly changing markets, including the U.S., the world’s biggest market. Success in the years ahead will only result from further accelerating the pace of innovation.

“At each stage of my career, I’ve embraced the next challenge,” said Sanchez. “The Americas are our company’s biggest market, and therefore both our biggest challenge and biggest opportunity. The expectation is to do great things. That’s exactly what I plan to do.”

 

KYOCERA CONTINUES GROWTH IN DATA MANAGEMENT WITH ACQUISITION OF SOFTWARE PROVIDER ALOS

KYOCERA expanding their service offering with the acquisition of  a proven specialist in data management.

KYOCERA Document Solutions Europe has continued to build on their progress in the document management industry and is expanding their service offering with the acquisition of the German based company Alos GmbH – a proven specialist in data management.

KYOCERA has completed the purchase of Alos Solution, one of the leading system providers of capture and Enterprise Content Management solutions(ECM) in German-speaking countries. Alos possess over 100 employees based in Germany and Switzerland, providing solutions to several thousand customers across the globe.

Alos has more than 60 years of experience working with clients such as Kraft, BP, AT&T and Unilever. By capitalising on Alos’ key strengths of providing intelligent data acquisition solutions through automated workflows with legally compliant archiving processes, KYOCERA hopes to gain synergies from the investment alongside broader customer access.

The company will continue on an independent basis with a three-year integration process planned, reporting directly to KYOCERA Document Solutions Deutschland. The acquisition is yet the latest step in KYOCERA’s development in the realm of total document management, a key growth area for the company.

Takuya Marubayashi, President of KYOCERA Document Solutions Europe said, “As a company we are focused on driving forward the advancement of document solutions to meet our customers modern business needs, both physical and digital, to ensure safe, effective and high quality management of processes. Alos will form part of our approach in providing tailor-made, cost-effective solutions that will complement our range of quality products and services.”

“We are convinced that the merger will benefit our customers, partners and employees,” added Alos’ GmbH Vice President, Friedhelm Schnittker. “The comprehensive KYOCERA product range, paired with Alos’ scanning solutions, offers great potential. We look forward to working together to seize this opportunity for the benefit of all stakeholders.”

Alos perfectly completes the KYOCERA portfolio by strengthening areas such as data acquisition, Enterprise Content Management and Business Process Management by providing highly available and secure document output. The move helps KYOCERA to position itself as a complete solution provider and will elevate the organisation’s success in the market in recent years in an increasingly digital world.

 

Konica Minolta Expands Technology Ecosystem With FORZA ERP Consulting

MWA Acquisition Strategically Expands ERP Consulting Services

Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) continues to accelerate its business transformation with the acquisition of MWA Intelligence, Inc. (MWA) a leading provider in the Enterprise Resource Planning (ERP) space.  Based in Scottsdale, Arizona, MWA has over 20 years of experience in the office equipment industry and has pioneered the first ERP platform specifically designed to support the Imaging Channel. 

The FORZA ERP solution, built on SAP Business One (SAP B1), is a single integrated system that provides clear visibility and control over critical business operations encompassing Accounting and Finance, Sales and Customer Management, Inventory and Distribution, Purchasing and Operations, Service and Mobility and Reporting and Administration. The MWA team of professionals will join All Covered, the IT Services division of Konica Minolta.

“Part of our growth strategy is enabling our vision for the Workplace of the Future™ in the Imaging Channel,” said Rick Taylor, President and CEO of Konica Minolta. “The future is already here and our customers will consume products and services based on demand generation versus owned assets.  This new consumption model will require the flexibility of an ERP, such as FORZA, that can adapt with the changing market demands,” Taylor continued, “The acquisition of MWA is key for delivering Konica Minolta’s corporate ambition to provide ALL dealers in the Imaging Channel a true ERP platform to facilitate the future of work, regardless of the product lines they support. This acquisition will help accelerate the pace of change in the market.”  

MWA, an accredited SAP Business One Gold Partner, Reseller and Development organization, was awarded the SAP Innovation Partner of the Year Award.  The unique capabilities acquired will integrate with All Covered’s Business Consulting Services Practice to deliver unparalleled end-to-end project scoping, implementation and delivery.  

“Konica Minolta’s strategic vision and insight into the changing business demands to support the Workplace of the Future is paramount to success in the Imaging Channel.  The acquisition of MWA speaks volumes to Konica Minolta’s leadership position and desire to ready the Imaging Channel for the Internet of Things,” noted Luis Murguia, SVP, Global Customer and Partner Operations, SAP Business One and SAP Business ByDesign.  “We now have two distinguished brands, SAP and Konica Minolta, leading the Imaging Channel ERP change management required for continued innovation and customer satisfaction.”

Mike Stramaglio, President and CEO of MWA, said, “The team here at MWA is thrilled to be joining All Covered, Konica Minolta’s IT services division. The blending of IT expertise, SAP integration services and ERP knowledge from the two organizations will allow us to accelerate product development and customer deployment. The added resources and investment will enable the execution of our promise to deliver the ERP platform to the Imaging Channel that sets the new standard of excellence.”

With the acquisition of MWA, Konica Minolta expands its partnership with SAP to become an SAP Business One Original Equipment Manufacturer (OEM) and Master Value Added Reseller (MVAR).  SAP Business One is the most widely used ERP in the world with over 60,000 customers running their business on the platform.  SAP B1 integrates with hosted and cloud based enterprise software offerings such as Concur for expense management, Ariba for procurement management and Success Factors for human resource management. The latest version of SAP B1 runs the HANA in-memory database platform delivering real time access to speed data analysis and decision making capabilities for business.

 

Mitek Extends Global Leadership Position in Digital Identity Verification by Acquiring A2iA

Mitek Systems, Inc. (“Mitek”) (NASDAQ: MITK, today announced that it has acquired A2iA, SAS, (“A2iA”), a global leader in artificial intelligence (AI) and image analysis, for €42.5 million in cash and shares of Mitek’s common stock. 

“The acquisition of A2iA combines two market leaders in image recognition and processing, creating a powerful force with a deep expertise in image analytics,” states industry expert Bob Meara, Senior Analyst at Celent. Mitek software is deployed in 6,100 U.S. banks, including all 10 of the top 10 largest U.S. financial institutions. A2iA’s software is also used by top U.S. banks as well as 100% of U.K. banks, 90% of French banks, 90% of Brazilian banks and more than 75,000 ATMs worldwide. A2iA uses artificial intelligence and machine learning to create proprietary algorithms that process millions of checks, IDs and documents each day for banks, retailers, insurance companies, mobile operators, healthcare providers and governments in more than 42 countries and 11 languages. A2iA recognized revenue of €12.9 million and €1.7 million of operating income in its fiscal year ended December 31, 2017. 

“With the addition of A2iA’s technology and team, Mitek’s digital identity verification platform will extend its lead in the industry,” said James B. DeBello, CEO and Chairman of Mitek. “Mitek’s Mobile Verify® product will be able to read government-issued identity documents even more accurately and quickly than today, and authenticate them using A2iA’s advanced AI algorithms, thereby increasing companies’ trust that their customers are who they say they are.” 

In acquiring A2iA’s Research Labs, Mitek doubles the size of the existing Mitek Labs team, forming the largest private research group of PhD scientists in computer vision, machine learning and artificial intelligence for this industry. Mitek Labs has been the source of the company’s 39 patents and technology innovation. 

“As today’s headlines demonstrate, verifying identity and creating trust in digital channels at scale is vitally important and a continuing challenge,” added DeBello. “The world’s most valuable companies will be the ones that effectively apply advanced AI to solve this global business challenge. The combination of Mitek and A2iA defines the new leading edge in AI for document and identity verification.”

“We are excited to be a part of the Mitek team,” added Jean-Louis Fages, A2iA President and Chairman. “The combination of our company’s industry-leading technologies with Mitek’s resources as a publicly-traded U.S. company will provide our partners in Europe, the Americas and across the globe with unparalleled capabilities.” 

DocuWare’s “Cloud-First” Strategy Produces Strong 2017 Results

DocuWare Reports Record Revenue of Euro 44 million, led by nearly 140% Cloud Growth

DocuWare announced today its full-year fiscal 2017 financial results for the period ending December 31, 2017.

“In 2017, DocuWare experienced accelerated growth and increased profitability across its entire business,” said company co-president Juergen Biffar.  “Our total revenues of 44.0 million EUR were up 18% from 2016, 20% after adjusting for foreign currency effects. Overall, our Cloud revenues grew nearly 140%, while our traditional new and add-on premise license sales increased 17%. We attribute this breakthrough year to our relentless customer-centric focus, highlighted by our product’s ease of use, and excellent execution from our large and growing partner base that continues to benefit from our structured sales and enablement programs.”

Other fiscal 2017 financial highlights include:

  • Total cloud revenue of 4.1 million EUR, up 139%, and total cloud bookings of 6.5 million EUR, the majority of which will be recognized in 2018 and beyond.
  • Added nearly 1,800 new customers, up 44%
  • Consistent with our strategy to become a “cloud-first” company, 45% of new customers selected cloud, up from 29% in the previous year.
  • Total order achievement (defined as license orders and first-year maintenance plus the total contract value of cloud orders) was up 35%.
  • Total deferred revenue of 19.2 million EUR, up 22% from year-end 2016.
  • EBITDA margin of 12%, or 5.4 million EUR, while generating 9.7 million EUR of additional cash.
  • Cash flow from operations of 10.8 million EUR, driving an increase in the company’s cash position to almost 30 million EUR.
  • A 96% cloud renewal rate in 2017, proving the maturity and attractiveness of our cloud product, and demonstrating our ability to support cloud through channel partners.

DocuWare Cloud delivers the full functionality of an on-premises system and is used by companies of all sizes and industries worldwide.

Biffar continued, “DocuWare offers the right range of features at an attractive price with minimal implementation effort. The compelling economies of scale of the Azure hosting platform and relatively low operating and support costs of the cloud give us a strong competitive advantage as we continue our transition into a cloud-first company. We want to express our thanks to all employees and business partners for their continued support of DocuWare and look forward to continued market momentum in 2018.”