• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Startups

US-based ProcessMaker acquires Amsterdam-based document processing platform Doculayer.ai

Editorial team by Editorial team
October 4, 2022
in Startups
0


Image credits: Doculayer

Amsterdam-based Doculayer.ai, a document processing platform, announced on Thursday that it has been acquired by ProcessMaker, a Durham, US-based Business Process Management (BPM) platform. The exact terms of the deal have not been disclosed.

ProcessMaker says it will incorporate Doculayer’s Intelligent Document Processing (IDP) into its Business Process Management (BPM) platform to accelerate product enhancements. 

How to improve your open source security?

Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less

The announcement comes over a year after ProcessMaker raised $45M in a Series A round of funding from Aldrich Capital Partners.

Related articles

Pitch Deck Teardown: Transcend’s $20M Series B deck

September 22, 2023

Connectivity Boost: OnGo Alliance Leads Major FCC Policy Shift

September 22, 2023

ProcessMaker: What you need to know

Founded by Bobby Vernon and Brian Reale during the dotcom boom and bust of 2000, ProcessMaker delivers low-code process automation solutions to the world’s largest companies, particularly in banking, higher education, and manufacturing. 

The platform makes it easy for business analysts to collaborate with IT to automate complex business processes, enabling faster decision-making, improved compliance, and better performance.

“At ProcessMaker, we build low code tools and solutions so that our customers can automate complex processes that deliver true value to their businesses,” says Brian Reale, CEO of ProcessMaker. 

“Many of our customers are still plagued by inefficiencies around documents, images, and emails that prevent them from gaining efficiencies from automation. Doculayer has processed over 500 million documents for some of the world’s leading brands and across dozens of highly complex process use cases. We are thrilled to welcome the highly skilled Doculayer team and the opportunity to bring further innovation to the world of process automation,” he adds. 

Doculayer.ai: What you need to know

Based out of Amsterdam, Doculayer is the Intelligent Content Platform that processes and manages unstructured information, such as scanned documents and images, using Artificial Intelligence (AI) and Machine Learning (ML) technologies. As a result, the platform improves the findability of large data.

The Doculayer.ai platform can be integrated with business applications and processes in the current IT landscape, which means it can process unstructured content in existing systems. 

“So many complex processes still involve inefficiencies because data appears to be unstructured and trapped in difficult-to-use formats. Once this data can be unlocked and intelligently interpreted, we can add incredible efficiencies to existing processes,” said Richard Smit, founder and CTO of Doculayer. 

He adds, “Intelligent Document Processing adds tremendous value to process improvement, but it’s only one piece of the puzzle. What ProcessMaker is doing with the acquisition of Doculayer is completing the picture by adding intelligence from documents alongside their proven modelling, orchestration, and automation. This provides a complete process improvement vision to tackle the toughest process challenges faced in the enterprise.”

How cybersecurity scaleup Intigriti conquered the world?

Catch our interview with Paul Down, Head of Sales at Intigriti.

Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less



Source link

Tags: acquiresAmsterdambasedDoculayer.aidocumentplatformProcessingProcessMakerUSbased

Related Posts

Pitch Deck Teardown: Transcend’s $20M Series B deck

by Haje Jan Kamps
September 22, 2023
0

If you’ve ever had to plan a large infrastructure project — like building a new section of a city or...

Connectivity Boost: OnGo Alliance Leads Major FCC Policy Shift

by Alex
September 22, 2023
0

The OnGo Alliance has led a significant enhancement in the policy regulated by the Federal Communications Commission (FCC). This move...

Pixel Pals delivers a cute and clever update that takes advantage of new iOS features

by Sarah Perez
September 22, 2023
0

Developer Christian Selig has launched an updated version of his playful Pixel Pals app that takes clever advantage of new...

Google’s Parisa Tabriz on how the company stays ahead of hackers

by Carly Page
September 22, 2023
0

Google is constantly under attack. But while hackers have compromised gaming giants, casinos, and other technology giants in recent months,...

Protect Your Online Privacy with Norton’s Secure Browser

by Alex
September 22, 2023
0

In a bid to protect consumers from browser-based security, privacy, and identity threats, Cyber Safety experts Norton, a subsidiary of...

Load More

Fed officials flag further hikes even after holding steady By Reuters

September 22, 2023

KB Home (KBH): A look at how the homebuilder fared in its most recent quarter

September 22, 2023

Detroit drama: Ford goes its own way in UAW battle while auto suppliers walk a tightrope

September 22, 2023

Visa vs. Mastercard – What is the Difference?

September 22, 2023

Unlocking the Franchise Formula: What to Know Before You Buy

September 22, 2023

US Senator Menendez hit with bribery charges over Egypt ties By Reuters

September 22, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.