Captiva Closes the Acquisition of SWT

Jun 10, 2005

Captiva Software Corporation a provider of input management solutions, has announced it has closed its previously announced agreement to acquire SWT SA, a provider of automatic data extraction and intelligent document capture solutions and technology in France.

The acquisition is designed to extend Captiva's market presence, especially in the French and Spanish markets, strengthen Captiva's mailroom and invoice processing expertise, provide an installed base of reference sites for those capabilities, and bring advanced classification and data extraction technologies that Captiva can attempt to leverage into its products, customer base, and channels. SWT had been a technology partner of Captiva's since 2002, supplying its Dispatcher product capabilities as an optional addition to Captiva's InputAccel and, through a 2004 OEM agreement, classification and data extraction capabilities for Captiva's Digital Mailroom.