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On January 16, 2008, Oracle announced it has entered into an agreement to acquire Captovation, a leading provider of document capture solutions, a key part of Enterprise Content Management (ECM). With the addition of Captovation, Oracle expects to extend its comprehensive and integrated solution for ECM with transactional content processing. The acquisition is expected to close by February 2008. Until the deal closes, each company will continue to operate independently, and it is business as usual.
Global businesses are increasingly subject to regulatory requirements that require processes to be documented and auditable, while at the same time facing pressure to reduce costs and improve operating margins. Paper—integral to key business processes such as Order to Cash and Procure to Pay—hinders the process automation that is needed for both efficiency and compliance.
Captovation provides products that streamline the process of capturing mission-critical content for access from within business applications and processes. After the transaction closes, its products are expected to be a core component of Oracle’s Enterprise Content Management solution, which provides comprehensive capabilities for managing dynamic, transactional and historical content. The combined offering is expected to provide customers with an integrated and automated solution for overall transactional content management that will reduce costs, streamline critical business processes and simplify regulatory compliance through document retention and auditability.
By adding document capture to its 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.
We are excited about this acquisition and how it will help customers address their ECM requirements. To learn more about the proposed combination of Captovation and Oracle, please visit oracle.com/captovation.
We appreciate your continued support.
Senior Vice President, Oracle Server Technologies
The above is for informational purposes only and may not be incorporated into a contract.