IBM Acquires Datacap

Aug 12, 2010

IBM has announced its acquisition of Datacap, Inc., a private company based in Tarrytown, N.Y. Datacap specializes in software that helps organizations order and streamline the flow of business information in order to reduce hidden costs and errors. IBM intends to make use of Datacap's assets and technologies in order to improve its own ability to help organizations digitize and manage their information, with a special focus on traditionally paper-intensive industries such as insurance, healthcare, government, and finance.

IBM plans to incorporate Datacap into its ECM business, a part of IBM's Software Solutions Group. Financial terms of the acquisition were not disclosed.