Ibml

Imaging Business Machines, LLC
Private
Industry Document Imaging
Computer software
Founded August 1, 1992
Headquarters Birmingham, Alabama, India
Key people
 Derrick Murphy: CEO
G. Russell Smith: CFO
Products Document Imaging, Production Scanners, Capture Software, High Speed Image Capture, Data Recognition
Website http://www.ibml.com/

IBML (Imaging Business Machines, L.L.C.), founded in 1992, is a privately held Information Capture company headquartered in Birmingham, Alabama, USA. Combining hardware and software products and services, IBML provides end-to-end intelligence scanning and document capture solutions.[1]

History and Technology

Founded as a Document Scanning company on August 1, 1992, by Gary Murphy,[2] IBML has grown into an Information Capture solutions business that focuses on design, manufacture, delivery, and the support of high speed document capture scanners and software products. The ImageTrac® scanner,[3] a core product, was first shipped to an Australian airline to read ticket numbers and capture color images of tickets for the Airline Revenue Accounting process. It became the scanner of choice for the airline industry soon thereafter and was introduced into Wholesale Lockbox in 1996 to scan invoices of varying size, color, and thickness.[4] The two applications; superior document handling capabilities and high speed color capture,[5] are the basis that propelled IBML to its present position.

In 1997, IBML released SoftTrac® software to create and manage ImageTrac® scanners. The series continued to evolve, ImageTrac® II was introduced in 2000, ImageTrac® III and ImageTrac® IV around 2003. In 2009 these scanners were used for the Decennial U.S. Census.[6][7][8] 2010 saw the introduction of ImageTrac® Series 5000 platform. This was followed by the launch of SoftTrac Capture Suite software in 2011, ImageTracDS line of products in 2012, Synergistic intelligent document recognition software in 2013, and ImageTrac® Series 6000 in 2014.

In June 2007, the majority of IBML was purchased by the private equity firm American Capital Ltd. (NASDAQ: ACAS). A minority is owned by management. The board of directors consists of two individuals from American Capital, one independent party, and IBML’s CEO (Derrick Murphy), who is also the Chairman of the Board.[9]

References

  1. ↑ "Imaging Business Machines, LLC". ibml.com. Retrieved 2014-10-13.
  2. ↑ Edwards, Mark (September 30, 2013). “Business Leader Interview with Derrick Murphy, CEO of IBML”, Document Boss. Retrieved October 11, 2014.
  3. ↑ "IBML ImageTrac". kodak.com. Retrieved 2014-10-13.
  4. ↑ Kruger, Aaron (June 10, 2011). “Imaging Business Machines is changing world with scanners”, Birmingham Business Journal. Retrieved November 11, 2014.
  5. ↑ "IBML Overview". linkedin.com. Retrieved 2014-10-13.
  6. ↑ Glass, Jason M. (January 22, 2007). “Lockheed Martin Selects ImageTrac® Scanners to process more than 90 Million Forms for 2010 Census”, TAWPI Blog. Retrieved October 22, 2014.
  7. ↑ "IBML Scanning Platform Helps Lockheed Martin Team Complete 2010 Census Project On Schedule, Under Budget". Health IT Outcomes. Retrieved 2014-10-13.
  8. ↑ Swant, Martin (August 09, 2011). “Birmingham firm IBML supplies scanners for Scotland's census”, al.com. Retrieved October 22, 2014.
  9. ↑ "Derrick Murphy succeeds his father as president of IBML". Birmingham Business Journal. Retrieved October 11, 2014.

Further reading