CyLex and Captovation Team Up to Provide Unique ASP Offering; Partnership Results in Affordable Document Management Solution.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--March 21, 2001 CyLex(SM), an industry leading Application Service Provider (ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). ) of document/content management solutions and Minneapolis, Minnesota-based Captovation, a developer of high-quality document and data capture solutions for document management systems, announced today the completion of a strategic partnership. CyLex and Captovation have worked together to create an Internet-enabled service offering that integrates CyLex's i-DOX content management service with Captovation's eCapture 4, a suite of production-level and distributed Internet document capture tools for the Enterprise. The combined software solutions of the two companies offer customers a complete and affordable ASP solution for the capture, storage and management of vital information. Captovation's offering is its true, distributed Internet-based capture solution called ecNet, which CyLex hosts in-house. Using the CyLex XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. format, Captovation created a release script that enables images scanned and indexed by ecNet to integrate with the i-DOX upload See download. upload - /uhp'lohd/ To transfer programs or data over a digital communications link from a smaller or peripheral "client" system to a larger or central "host" one. Opposite: download. agent for automatic import to the i-DOX Service. "This is an important strategic relationship for us and it reflects our strategy of working with best-of-breed partners," said Zee Aganovic, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CyLex. "Captovation's experience in the document imaging industry coupled with their approach in developing a distributed capture solution will help ensure a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship." The strategic partner agreement will give both companies the opportunity to leverage their existing technologies with the goal of expanding their current customer base. Captovation's software is sold through 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). (VAR). This strategic relationship will allow those VARs to offer their customers a total document management solution at a lower cost than traditional, production-level document management solutions. As an ASP, CyLex can offer individuals or enterprises access over the Internet to application programs and related services that would otherwise have to be purchased, installed and supported in-house. Now organizations of all sizes can effectively "rent" the latest document management technology that requires very minimal support. "eCapture's unique document capture abilities is an excellent fit for the CyLex I-DOX ASP solution," said Ken Peterka, President and CEO of Captovation, Inc. "The partnership with CyLex strengthens our offering and provides our resellers with an industry leading ASP solution." CyLex and Captovation are now involved in a joint marketing program to promote their combined software solution. Captovation will participate in the CyLex 2001 marketing programs including the Information Innovation Seminar Series. CyLex will offer sales and technical training to Captovation's resellers, as well as offer technical support to all customers that are using the ecNet/I-DOX solution. About CyLex CyLex, Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. established in1994 to create a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. for the delivery of document management services. Its flagship service, i-DOX, leverages advances in imaging, content management, and the Internet to provide the leading outsourced on-line document/content management services available today. CyLex is a founding member of the ASP Consortium and a leader in this rapidly growing industry segment. The company's back-end application, business and computing computing - computer infrastructure are the core technologies that distinguish it in the ASP industry. These core technologies are built around strategic alliances with best-of-breed technology partners that include Documentum, EMC Corporation EMC Corporation (NYSE: EMC) is an American Fortune 500 and S&P 500 manufacturer of software and systems for information management and storage. It is headquartered in Hopkinton, Massachusetts, USA. , Citrix, and Daleen Technologies. Strategic alliances with these leading technology providers enable CyLex to provide unparalleled levels of security, service and systems availability to its customers. CyLex is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. . For more information on CyLex, visit the company's web site at www.cylex.com About Captovation Captovation, Inc. is a privately held company established in 1994, which specializes in the design and development of document capture products for the document management industry. Their software products and custom integration services provide paper intensive organizations with the ability to streamline and tailor the document capture process to meet their needs. eCapture, the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , is a suite of document capture tools for the Enterprise. It significantly reduces the cost of ownership by streamlining the document capture process. For more information, visit the company's website at www.captovation.com. |
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