It’s hard to believe that I founded Deep Analysis five years ago (almost to the day). It’s hard to believe we made it this far and that we are looking forward to the next five. But maybe what is hardest to grasp is just how much our industry has changed over these past few years. …
At Deep Analysis, we undertake technical and market due diligence for Private Equity, Investment Banks, and Vendors looking to acquire. Hence we keep a close eye on what is happening in the broader Information Management and Enterprise Automation market. May, except for the massive Kofax deal (our analysis here), has been relatively quiet, but a few deals this month did catch our attention….
Gartner has dropped its Magic Quadrant (MQ) for Content Services; it’s a big event in a relatively small world.
Every month or two, we do a quick round-up of the deals in the Information Management and Automation sector that caught our eyes. So much activity is a sign of health and strength in the industry.
IDP (AI-powered document capture/OCR) is about to cross the venerable chasm and enter the main street of B2B purchasing. And the charge is being led not by the legacy IDP vendors, but by the upstarts.
Before the pandemic, buyers were assailed by market and sales efforts from RPA and AI document automation vendors alike, which naturally spiked some interest. But the pandemic has driven a more rational reason growth of interest.
Every technology vendor and enterprise that recognizes that humans are the essential ingredient rather than the technology itself, that more data or information is not always better, and that unraveling decades of technology and culture takes time and often a brave leap of faith will be agents of positive change. They will leave behind the hoarders, the tech-obsessed, and the unrealistic in their wake.
OCR and RPA are becoming commodities, but that does not mean the end of capture and process management vendors. Instead, it means it’s time for them to consolidate, hunker down or pivot to new markets.
Rossum, a cognitive capture software startup out of the Czech Republic, just closed a remarkable Series A round of $100 million to ramp up what it’s calling a cloud-based universal document gateway. To our knowledge this is the largest single investment ever into a capture software startup.
There is a boxing match this week between Tyson Fury and Deontay Wilder. But there is another equally heavyweight match lining up between Hyland and OpenText.
