ECM

ocr

Did OCR Discover the Fountain of Youth?

In perhaps the ultimate cool endorsement, last week at WWDC Apple announced optical character recognition will be embedded in iOS 15. Named LiveText OCR, Apple describes it as “secure on-device intelligence to help you discover more in your photos, quickly find what you’re looking for, and relive special moments.”

box shuttle

Box Shuttle Take Off

You can read more about the arcane world of file migration in our recent report, but though this Analyst Note focuses on Box Shuttle, the fact is we are seeing a surge of interest across the board in moving files to the cloud. And that shift opens up a wide range of new opportunities and challenges for firms to adapt, and to innovate in ways they could not do while keeping files on-premises.

netdocuments

Warburg Pincus Invests in NetDocuments – Our Thoughts

This past week, Utah-based NetDocuments ownership switched from Clearlake Capital Group to private equity firm Warburg Pincus, reportedly, for reportedly, over $1B documents. It’s an exciting move for NetDocuments, whom we know pretty well, for several reasons. Firstly, such a large deal will surprise many in the industry as NetDocuments, as the saying goes, flies beneath the radar.

UIPath IPO

Mobius & UIPath take off – Our Thoughts

All in all quite month of activity, but all of course, overshadowed by the UIPath IPO. It will be interesting to see how this impacts the enterprise automation market in the short and long term. Undoubtedly some of the money raised, possibly much of the money, will go toward multiple acquisitions.

opentext 2021

How to Turn an Aircraft Carrier: A Review of OpenText World 2021

We attended OpenText World Europe this April to learn where the ship is headed. OpenText made it very clear that it is staking its content management future on the cloud. The company announced Cloud Editions 21.2, an all-encompassing, all-in effort to achieve that long turn away from on-premise legacy software. Mark Barranchea, CEO, pledged an R&D investment of over $1 billion in R&D in their diverse stable of products. For a company with $3 billion in sales last year, that is a very impressive number.

docsend acquired

Dropbox acquires DocSend – Our Thoughts

Today Dropbox announced that it is to acquire San Francisco-based DocSend, a VC-backed startup that has been around since 2013 and raised a little over $15m in funding. DocSend is an interesting little firm with an innovative approach to tracking and securing external messages and documents.