Caere Announces Investment in ZyLAB Corporation; Partnership Leverages Complementary Technologies: OCR and Full Text Retrieval.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--Nov. 1, 1995--Caere Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CAER CAER Centre d'Arts Escèniques de Reus (French) CAER Community Awareness and Emergency Response program CAER Chemical Awareness and Emergency Response Program ), the leader in optical character recognition optical character recognition (OCR), method for the machine-reading of typeset, typed, and, in some cases, hand-printed letters, numbers, and symbols using optical sensing and a computer. (OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. ) products and a leading provider of desktop document management and forms processing technologies, today announced that it will be making an equity investment in ZyLAB Corporation, a leading developer of full text indexing and retrieval software. The investment combines two complementary technologies: OCR and full text retrieval, and provides for cooperative software development and co-marketing. Together the companies are positioned to provide better customer solutions and products. Caere will invest $2.4 million for approximately 20% ownership in privately held ZyLAB based in Gaithersburg, MD, in a transaction that is scheduled to be closed this month. "Our investment in ZyLAB supports our corporate mission to improve the way people gather, access and use information," said Steve Humphreys, Caere's president. "By marrying OCR and full text indexing/retrieval, we are positioning ourselves to optimize the way these complementary technologies work together, providing superior products to current and new markets." "ZyLAB has a long successful history integrating Caere's OCR products with its award winning retrieval, CD-Recording and Web publishing Creating a Web site and placing it on the Web server. A Web site is a collection of HTML pages with the home page typically named INDEX.HTML. Web sites are designed using Web authoring software which provides a graphical layout capability or by hand coding in HTML or both. applications," said Jon Karlin, ZyLAB's president. "By combining our developmental focus and marketing resources, both companies will have stronger products, with shorter time to market." Cooperative Software Development Well known for its technology and product leadership in the full text indexing and retrieval market, ZyLAB provides products that simplify the process of searching large volumes of information from a variety of sources. This search technology, when combined with Caere's OCR products, extends ZyLAB's capabilities from popular wordprocessor, spreadsheet and database formats to fully scaleable solutions for converting paper documents. ZyIMAGE utilizes Caere's OCR products (WordScan and M-Series) to convert paper-based information into fully searchable, self contained collections which are directly output to CD or available on ZyLAB's "ZyINDEX for Internet" web server. Through this new cooperative development effort, the two companies are positioned to provide products that are optimized to work together. With deeper access to OCR performance criteria, ZyLAB can design its indexing technology to better process OCR'd information from a wide range of documents. Other features such as advanced document display techniques that require synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. of text indices with OCR and image coordinates will be developed. ZyLAB will also have a greater ability to benefit from Caere's internal document format ("Metatext") by drawing inferences from a documents structure. In addition, working together ensures competitive advantages to both companies as suppliers of APIs for integrators and imaging VARs that incorporate OCR and full text indexing components in systems such as document management, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. support, resume tracking, and other document-intensive applications. Together the companies can provide a unified tool for OCR and full text retrieval for a stronger, more comprehensive solution. The partnership also allows the Caere and ZyLAB development teams to merge "best-of-breed" indexing technologies from each of their products. Caere develops PageKeeper, a line of desktop document management products that features sophisticated Natural Language Processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as that reads, analyzes and understands contents of documents for the accurate search and retrieval of documents. ZyLAB's award-winning ZyIndex and ZyImage products provide world class indexing technologies including fuzzy, date, phrase, and proximity search Proximity search can mean:
As a result of the partnership agreement, ZyLAB plans to leverage Caere's Macintosh development strengths by porting its indexing engine to the Macintosh platform. This will better position ZyLAB to provide its technology to large OEMs that generally require both Windows and Macintosh support. Co-Marketing Caere and ZyLAB plan to work together to leverage marketing resources and strengths, including distribution channels and extensive installed base. ZyLAB's expertise and exposure in electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. on the INTERNET and CD ROM CD ROM Compact Disk Read Only Memory publishing markets provide opportunities for Caere to expand its reach into these rapidly growing markets where OCR is an important technology for bridging the gap between paper and electronic worlds. In addition, ZyLAB will leverage Caere's strong retail channel relationships for new markets for its INTERNET and CD publishing CD Publishing is a term used to describe the use of CD duplication systems to create a large number of unique discs. For instance, storing a unique serial number on each copy of a software application disc would be considered CD publishing. technologies and market to Caere's OCR installed base, targeting customers who use OCR for archival purposes. ZyLAB's strong VAR network of over 300 imaging VARs provide expanded exposure for Caere's M/Series family of high volume software/hardware OCR systems in document-intensive areas such as government, legal, accounting, medical and other markets. Caere, ViewStar and ZyLAB Caere recently announced an agreement to acquire ViewStar Corporation, a leading provider of workflow and document and image management software. Today's investment announcement plays well in Caere's business expansion strategy. OCR and full text retrieval are enabling technologies for workflow automation See workflow. . "Working together, optimized OCR and indexing components can automatically recognize the content of imaged documents and use the information to route the document through the organization," stated Dean Hovey, Caere's vice president business development. "Technology assisted automation is a very cost effective solution that adds intelligence to the document and to the workflow process." ZyLAB International, Inc ZyLAB International, Inc. has an impressive history that extends back to 1983 when it introduced ZyINDEX to the market as the first full text (content based) search software for PCs. ZyLAB develops software products and tools that combine full text retrieval and image management solutions with publishing options for CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , optical disk and the World Wide Web. ZyLAB has offices in Gaithersburg, MD (Wash. D.C. suburb) and the Chicago area, as well as in the Netherlands (ZyLAB Europe). Its products are available in 13 languages through imaging distributors, retail channels and over 350 value added resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). . ZyLAB retrieval technology has been licensed to over 100 OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and companies including Wang, Optika, Westbrook and DiamondHead. Caere Corporation Caere Corporation, with U.S. headquarters in Los Gatos, Calif. and European headquarters, Caere GmbH, in Munich, Germany, is the leader in OCR technology and a leading provider of desktop document management and form processing products. Caere has expanded its line of OCR products as a result of the December 1994 merger with Calera Recognition Systems. Caere's products include the OmniPage and WordScan lines of OCR software that convert printed and faxed documents into electronic text; the PageKeeper line of Windows document management software that effortlessly retrieves a wide range of information from virtually any source; OmniForm, which converts paper forms to electronic format; the M/Series high-speed, high-volume OCR hardware and software for commercial applications; and a broad array of OCR and bar code readers See bar code scanner. that accelerate transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . -0- NOTE TO EDITORS: Trademark References: Caere, OmniPage, PageKeeper, and WordScan are registered trademarks and, True Page, OmniForm, and M/Series are trademarks of Caere Corporation. Other products named may be trademarks of their respective manufacturers and are hereby recognized. Press conference: Federal Imaging '95, Room 27, 12:00, Nov. 1, 1995. CONTACT: Caere Corporation Patrick Crisp, 408/395-5149, ext. 2049 patrickc@caere.com or ZyLAB Corporation John Karlin, 301/590-0900, ext. 14 jon@pti.mhs.compuserve.com |
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