OIT To Market Input Management Capabilities Through Alliance With Captiva; InputAccel to Complement OIT's Document Management Offerings.
SAN DIEGO, Calif.--(BUSINESS WIRE)--Aug. 27, 2002
Captiva Software Corporation (Nasdaq: CPTV), the leading provider of enterprise input management solutions, today announced a strategic alliance with Optical Image Technology, Inc. (OIT), a premier developer of award-winning document and content management software.
Under the marketing agreement, OIT will promote best-practice information capture abilities with Captiva's InputAccel(R), a leading input management software solution. By marketing InputAccel, OIT is able to offer its customers a more complete information management solution for converting documents, such as paper forms and faxes, into electronic formats that can be searched and retrieved through OIT's content management software. As part of the agreement, OIT and Captiva will collaborate on mutually beneficial sales and marketing opportunities.
"With billions of paper records being scanned through organizations every year, there remains a critical business need for seamless information capture technology systems," said Scott Buchart, President of OIT. "This alliance with Captiva builds on our goal to partner with industry leaders who offer the very best solutions to fulfill the specific needs of our customers. Working with Captiva, we have an opportunity to integrate our workflow and browser access systems with InputAccel at common customer sites to provide end-to-end, leading-edge document and content management software solutions."
InputAccel is a comprehensive, award-winning information capture system that transforms mission-critical data from paper and faxes into business-ready content. InputAccel ensures the integrity of incoming data and converts it into formats usable in back-end systems, including XML, image files and custom transaction formats. By delivering accurate, timely and usable data to enterprise systems, InputAccel creates unparalleled efficiencies and significant return on investment for the many Global 2000 customers the solution serves. The InputAccel platform can also be integrated with FormWare(TM), Captiva's award-winning information capture software that automates data and image capture from paper and electronic forms and documents.
"We're looking forward to extending the availability of InputAccel to new customers and into new markets through this partnership with OIT," said Blaine Owens, Vice President of Worldwide Sales for Captiva. "InputAccel greatly complements OIT's document management systems, and the combination of our abilities offers a compelling, complete solution to the marketplace."
Since 1986, OIT has developed award-winning integrated document management solutions, including COLD-ERM/EBPP, document imaging, workflow/process management, browser access/e-business, HSM, print/fax server and enhanced index extraction. OIT's Total Solution for Content Management system has gained prominent industry recognition by organizations such as AIIM, Transform magazine, Doculabs and Kinetic Information. OIT serves customers throughout the world and across all major industries, including insurance, financial services, pharmaceutical, education, healthcare, government, manufacturing, retail, utilities and publishing. By dynamically coordinating and managing the transfer of content, OIT enables organizations to increase profitability, improve productivity and enhance customer satisfaction by empowering enterprise-wide business processes. For more information visit our website at www.opticaltech.com.
About Captiva Software
Captiva Software Corporation (Nasdaq: CPTV) is a leading provider of enterprise input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, direct marketing and other markets. For more information, visit www.captivasoftware.com.
FormWare and its logo are trademarks, and InputAccel and its logo are registered trademarks of Captiva Software Corporation. All other trademarks or registered trademarks are the property of their respective owners.
This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in Captiva Software Corporation's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission.
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