Verity has acquired Cardiff Software, a privately held developer of technology that enables the capture and automation of dynamic business information, for $50 million in cash. The deal means Verity gains 8 000 new customers worldwide.
The move will broaden Verity`s offerings to help businesses organise and manage their internal information.
Garth Wittles, district manager for Verity in SA, says Verity`s blending of its technology with that of Cardiff will result in software that spans the content lifecycle from its origin, bringing document capture, e-forms and business process automation to intellectual capital management.
"Verity can now extend intellectual capital management capabilities to the very beginning of the dynamic information flow for organisations, and provide them with the ability to extract and exploit greater value from their structured and unstructured data," he says. "We will be able to help more customers, in more ways, deal with their intellectual capital management challenges."
The Cardiff product line consists of TeleForm, LiquidOffice, LiquidCapture and TeleForm MediClaim, a broad suite that automates document capture, e-forms and workflow-driven business processes. The Cardiff corporate brand will be discontinued, but Verity will retain the product names. Support and maintenance services for existing Cardiff customers will remain in place.
Cardiff`s software joins the Verity product portfolio, which includes Verity K2 Enterprise and K2 Catalog advanced search, classification and recommendation software, and the Verity Ultraseek downloadable enterprise search engine. Other Verity products include OEM offerings such as Verity K2 Developer and the Verity KeyView line of filter, viewing and export technology.
"Verity now has the ability to enable South Africa companies, in both the private and public sectors, to make better use of their information assets," says Wittles. "This is a positive development that we believe will yield significant benefits to all our customers."
"Combining Verity`s search, classification and recommendation technology with content capture, e-forms and business process automation brings important new capabilities to our product solutions that already play mission-critical roles in many enterprises," he adds. "This is an important step in Verity`s strategic growth plan as a company and as a partner to small, medium and large organisations around the globe."
Work is under way to enhance existing Verity and Cardiff software as well as to identify new product opportunities.
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