Notes on another busy week for IDP
Invoice processing with… Bing? Hyperscience up, ABBYY down. And the beginning of the end for Capture.
RPA
A New Look UiPath
Today UiPath announced a comprehensive rebrand and shifted its strategy away from its traditional focus on RPA and into the broader enterprise automation space—few firms of this size ($1B+) attempt such a feat. But we say hats off to them, as not only is the shift in focus a sensible one for UiPath itself, it …
ChatGPT takes the stand in its defense
I subpoenaed ChatGPT to testify in its own words if or how it can help IDP. Here is its testimony, verbatim.
IDP’s very interesting week
You knew that, sooner or later, an IDP marketer would jump at the chance to be affiliated with the incredible buzz surrounding the most exciting AI news story of the 21st century.
Proof of Identity Software Rising
40% of users have abandoned a digital onboarding process after an ID verification fail. If that figure is even half-right, a huge amount of potential sales are missing from any business with dodgy Proof of Identity solutions.
Announcing the IDP Market Report 2022-2026
Intelligent document processing (IDP) software is an essential component of digital transformation projects. Our report gives a comprehensive overview of market size, forecasts, vendors and buying tips.
M&A Roundup – November 2022
It’s been a while, but its time for a quick update on what’s been happening from an M&A perspective in the industry these past couple of months.
UIPath (moving) Forward 5 – Our Take
So what to make of UIPath at this point in their early public days? From an industry analyst’s perspective, they have come a long way in a short time.
Hooked on Classics
How can a mature, mid-size IDP classic player compete with the shiny new AI-first stories? Their AI pitches are threatened with oblivion, overwhelmed by the capital-infused buzz created by the flashy start-ups with those huge sales and marketing budgets.
Laiye acquires Mindsay – And why it matters…..
So, in summary, Laiye is a new and earnest player to contend with. One we will continue to watch with great interest over the next few years.
5 New Reports Available
Our website recently published five new vendor-specific reports (Vendor Vignettes in Deep Analysis parlance). And we have many more in the works that we plan to publish in late September.
UIPath acquires Re:Infer – Our Thoughts
Today, UIPath announced that it is to acquire UK-based Re:Infer, and quite frankly, it’s one of the most interesting deals of recent few years. Deep Analysis came across Re:Infer late in 2021 and subsequently met with and wrote about them earlier this year, and in that report stated that it would be a good acquisition candidate.
RPA & Recession
Technology that automates repetitive tasks and cost-cutting go hand in hand, so with a looming recession, it’s logical to expect RPA tools to do well. Overall, they are doing well, but in recent conversations with buyers, systems integrators, and resellers, things are not going as well as they should be.
5 Years of Deep Analysis & Market Shifts
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. …
Info Mangt & Automation – May 2022 M&A Roundup
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….
When RPA Met BPM: Post-Acquisition News from Blue Prism
This was a bullish briefing from Blue Prism. SS&C paid $1.65 billion, so we expected nothing less than a moon shot effort. Of course, the proof will be in the pudding, as a lot of product integration promises were made and there is still much work to do here. It’s also hard to imagine that this is the last acquisition SS&C will make. Will the portfolio grow even further with a process intelligence/mining addition on the horizon?
Microsoft acquires Minit
Microsoft recently acquired the processing mining vendor Minit. We looked closely at Minit a little while back, and you can read our report on the company and its technology here. In our estimation, this is one of the best small acquisitions Microsoft has made in quite some time.
Info Management M&A Roundup March 2022
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.
Automation Anywhere acquires FortressIQ
It was a pretty easy prediction to make in our October 2021 report on Process and Task Mining that more mining vendors would be acquired by larger process automation vendors. And right on cue Automation Anywhere acquired process mining vendor FortressIQ just days before Christmas. FortressIQ was founded in 2017 and had completed a Series …
The grunt work of Digital Transformation just got easier
TWAIN Direct’s ultimate goal is connecting devices directly to the software app, completely removing the PC from the middle. That’s really important to the new wave of cloud developers; it abstracts the proprietary hardware layer and replaces all the other confusing scanner connectors. Plus it’s free to any developer.