ReadSoft
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| ReadSoft | |
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| Type | Public (OMX Stockholm: [2]) |
| Founded |  Helsingborg, SWE (1991) |
| Headquarters | Helsingborg, Sweden, SWE |
| Key people | Jan Andersson, CEO Göran E Larsson, Chairman Jan Bertilsson, CFO Lars Appelstål, CTO |
| Products | Business solutions: ReadSoft DOCUMENTS for Forms ReadSoft DOCUMENTS for Invoices ReadSoft DOCUMENTS for Mailrooms ReadSoft DOCUMENTS for EDI ReadSoft INVOICE COCKPIT ReadSoft WEB CYCLE ReadSoft INFOMAIL ReadSoft EDI COCKPIT ReadSoft WEB BOARD ReadSoft ANALYZER ReadSoft PROCESS DIRECTOR |
| Revenue | ▲SEK 459.8 million (2006) |
| Operating income | ▲ SEK 33.7 million (2006) |
| Net income | ▲ SEK 38.8 million (2006) |
| Employees | 666 (May 2008) |
| Website | www.readsoft.com |
ReadSoft is a Swedish software company, established in 1991, that develops software for Document Automation and process optimization, including document and data capture, integration with ERP (such as from SAP AG or Oracle Corporation) and subsequent workflow. ReadSoft operates in 16 countries within Europe, North America, South America, Asia and Australia. Globally headquartered in Sweden, ReadSoft is listed on the Stockholm Stock Exchange.
ReadSoft Document Automation involves data extraction (optical character recognition) from paper and electronic documents, integration with company ERP systems (such as SAP, Oracle, Microsoft Dynamics) and routing to company agents for approvals & problem resolution via workflow. ReadSoft brands this software platform as ReadSoft DOCUMENTS. ReadSoft maintains SAP and Oracle competency/development centers which provide integrated solutions for companies with SAP or Oracle, respectively. Customers include global enterprises, as well as local companies. Market analyst firm Harvey Spencer Associates reports ReadSoft with a 16% market share. [1]
[edit] Timeline and History
1991: Introducing automatic data capture, including handwriting
1994: Introducing new technical innovations such as Fast Verify, Batch Handling, and the ability to handle multiple languages
1997: Introducing a self-tutoring technology for handling invoices, with auto-templates and auto-recognition
2000: Introducing the ability to handle and make use of of color in documents
2000: Introducing a unified process for all media, including email, fax, web, and paper
2001: Introducing a certified integration to SAP R/3
2002: Introducing EDI, with electronic interchange of invoices via email
2003: Introducing mobile data capture through a digital pen
2004: Introducing the first complete product platform for Document Automation
2005: Introducing the first certified integration to Oracle E-Business Suite
2006: Acquisition of German SAP specialist Ebydos AG - introduction of SAP development center
2006: Acquisition of Danish Consit Development, an Oracle specialist - introduction of Oracle development center
[2]
