DICOM Group plc: Acquisition of LCI for GBP 3.8m Expands Core Technology Portfolio.Basingstoke, England -- DICOM (medical, standard) DICOM - (From Digital Imaging and COmmunications in Medicine) A standard developed by ACR-NEMA (American College of Radiology - National Electrical Manufacturer's Association) for communications between medical imaging devices. Group plc ("DICOM Group")(LSE LSE - Language Sensitive Editor :DCM DCM abbr. Distinguished Conduct Medal ), a global leader of Information Capture and Communications solutions, announces the acquisition of Learning Computers International GmbH (LCI), a provider of advanced learning systems that enable business process automation. DICOM Group will pay EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5.6m (GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.8m) in cash for the remaining 81 per cent of LCI, having previously acquired a 19 percent stake in 2003. Headquartered in Kirchzarten, Germany, LCI provides advanced algorithms for image classification, forms processing and document analysis, including components co-developed with Kofax. This acquisition gives DICOM Group additional technology that rounds out the organisation's product offerings and further penetrates the Intelligent Document Recognition (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) section of the capture market, one of the fastest growing segments of the information capture industry, according to research by Harvey Spencer Associations. IDR employs recognition technologies, business rules and data validations to analyse the content and layout of scanned images. "This acquisition is a natural and strategic addition to DICOM Group after a successful three year partnership with LCI," commented Rob Klatell, Chief Executive Officer designate, DICOM Group. "LCI's easy to use image classification and extraction technologies broaden our reach into the IDR section of the market, give us the industry's most comprehensive technology portfolio and complement the advanced capture capabilities of our INDICIUS offering." LCI will retain its location, and its development and management teams will continue to strengthen DICOM Group's leadership in the Information Capture market by providing significant expertise in the expansion of current and future products. |
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