IBM acquires data management provider Datacap

NEW YORK, USA: IBM announced the acquisition of Datacap Inc., a New York-based company that provides data management software, for an undisclosed amount.

IBM intends to integrate Datacap within its Enterprise Content Management (ECM) business, which is part of IBM's Software Solutions Group.

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Datacap's technology allows customers to quickly extract information from unstructured formats, such as tax returns, invoices and claim forms, saving time and money over manual processes, according to a statement.

Datacap has over 200 clients across a variety of industries IBM will preerve Datacap's client and partner investments in existing IBM and Datacap technologies.