Strategic Investment in Ephesoft Announced
Funds from PFU Ltd. through KnowledgeLake will allow aggressive market penetration
Ephesoft Inc, announced today that PFU Ltd. (a wholly owned subsidiary of Fujitsu Ltd., a $56B Fortune 100 company), has made a strategic investment through KnowledgeLake, a capture software leader owned by PFU Ltd. The funds will be used to expand Ephesoft’s industry visibility and exposure to new customers by adding sales, marketing, and business development resources. Ephesoft has been experiencing explosive growth, and this action validates the company’s strategy and expansion plans.
Ron Cameron, CEO of KnowledgeLake, commented: “We recognized that advanced imaging classification and extraction software was a perfect complement to KnowledgeLake. So we’ve researched all the competitive offerings over the past year. Ephesoft quickly became our favorite due to their modern web-based architecture and, quite simply, just their ability to execute. Our customers love the simplicity of setup and immediate impact that the Ephesoft solution provides. We are looking forward to helping our customers save even more time and more money with this exciting new technology.”
Don Field, CEO of Ephesoft, offered: “We are gratified that capture industry leaders like KnowledgeLake and PFU Ltd. share our vision for future growth. Our biggest challenge has been getting the word out about our new, modern approach to intelligent capture. When customers see our solution, they immediately appreciate the web-based architecture, simplicity of deployment and cost-effectiveness. This is an important milestone for Ephesoft that will allow us to penetrate the market more aggressively.”