Category Archives: Software

This category contains all Posts from Portford’s Third Party Software Vendors.

Thoma Bravo to Acquire Lexmark’s Enterprise Software Business

San Francisco, CA – May 3, 2017 – Thoma Bravo, a leading private equity firm, today announced it has entered into a definitive agreement with Lexmark International Inc., a global imaging leader, to acquire Lexmark’s Enterprise Software business, which is made up of three primary businesses: Kofax, ReadSoft and Perceptive Software. The closing of the transaction is subject to usual and customary closing conditions and regulatory approvals, and is expected to occur in the third quarter of 2017. Apex Technology Co Ltd, PAG Asia Capital and Legend Capital Management Co, LTD, who acquired Lexmark in November of 2016, support the sale of the Enterprise Software business.

Upon closing of the transaction, the Perceptive Software business, including Perceptive Intelligent Capture, Acuo VNA, PACSGEAR and Enterprise Medical Image Viewing will be sold to Hyland Software, Inc., an existing Thoma Bravo portfolio company and leading provider of enterprise content management software led by President and CEO Bill Priemer. The Kofax and ReadSoft businesses will create a single, newly independent Thoma Bravo portfolio company under the Kofax brand, and will be led by Reynolds C. Bish, current president of Lexmark Enterprise Software.

“We’re incredibly excited to be acquiring the Lexmark Enterprise Software business as it contains some of the most advanced digital transformation technologies in the industry. The Perceptive Software business is highly complementary to Hyland, providing innovative technologies and vertical expertise,” said Seth Boro, a managing partner at Thoma Bravo. “We’re equally thrilled to partner with Reynolds and his management team under the Kofax brand as a new Thoma Bravo portfolio company. Their vision to digitally transform and simplify initial customer interactions with businesses, or what they term the “First Mile”, represents an exciting opportunity across all industries.”

“We have long admired the people and technology of Perceptive Software and are thrilled to welcome them into the Hyland family,” said Priemer. “The combination of our content services portfolios will provide tremendous benefit to our current and future customers and partners.”

“Thoma Bravo has an incredible track record of success building and growing software companies,” said Bish. “Their unparalleled industry expertise and operational excellence make them the ideal partner for this new venture.”

Lazard is serving as financial advisor, and Dechert LLP is serving as legal counsel to Lexmark International. Credit Suisse and Goldman, Sachs & Co. are serving as financial advisors, and Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Hyland. Financing for the transaction is being provided by Credit Suisse, Goldman, Sachs & Co. and UBS Investment Bank.

About Thoma Bravo

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.

About Hyland

Hyland is a leading provider of software solutions for managing content, processes and cases for organizations across the globe. For over 25 years, Hyland has enabled more than 15,500 organizations to digitalize their workplaces and fundamentally transform their operations. Named one of Fortune’s Best Companies to Work For® since 2014, Hyland is widely known as both a great company to work for and a great company to do business with. For more information, please visit Hyland.com.

About Lexmark International, Inc.

Lexmark creates innovative imaging solutions and technologies that help customers worldwide print, secure and manage information with ease, efficiency and unmatched value. Open the possibilities at www.Lexmark.com.

OpenText Completes its Acquisition of Dell EMC Enterprise Content Division, including Documentum

A recent post from OpenText about the acquisition:

As many of you know, OpenText has recently completed on the previously announced acquisition of Dell EMC’s Enterprise Content Division, including Documentum. This acquisition cements OpenText’s position as the ECM market leader and represents an exciting time for the company!

Firstly, Documentum is here to stay. We are committed to protecting Documentum customers’ investment with new innovations and continued support for both the OpenText Content Suite and OpenText Documentum. OpenText will expand ECD’s strategy of developing next generation, cloud-native content applications based on the OpenText LEAP Platform. The acquisition of Documentum only strengthens OpenText’s position as the Next-Generation Cloud Content Services Leader and helps drive our promise to accelerate Digital Transformation for our customers.

Integrating the ECD portfolio within the OpenText EIM solution presents an amazing opportunity for all of OpenText’s customers. And, with our Innovation Tour continuing to travel around the globe we have a perfect opportunity to share our vision. For example bringing analytics and intelligence to Documentum, D2, Life Sciences Application, Capture, InfoArchive and Leap.

The Innovation Tour is an exciting opportunity to hear more about how the OpenText roadmap will encompass all of the ECD products to deliver on the promise of digital transformation. I am also excited to deliver a live code demonstration of the very first integration of an ECD product into the OpenText suite.

How to Decommission and Migrate Away from Legacy LOS

If you’re using a homegrown or legacy loan origination system (LOS) but have been hesitant to decommission and migrate away from it because of the expense and headaches involved, you need to know about InfoArchive from EMC.

What Is InfoArchive?

InfoArchive is an enterprise archiving platform that stores related structured data and unstructured content in a single consolidated repository that is much more cost-effective and stable than legacy information systems. As a result, InfoArchive helps focus your IT budget on innovation rather than maintaining old software.

Migration Services

MetaSource professional services ensures that your archival data is migrated to InfoArchive. To ensure this, we also keep your old software system running for a period of time in case of any hiccups. Once this period of redundancy is no longer needed, we fully decommission the old software.

The Case for Migration & Decommissioning

There are four main reasons for doing this:

  1. Cost Savings: either the cost of what you’re being charged by the vendor for software maintenance (often 20% of the original cost) and/or the annual fully loaded cost of everyone on your team that is employed to keep the system running
  2. Opportunity Cost: the value of what your employees could be doing who are instead using and maintaining the old system
  3. QC: does the vendor or your internal team adhere to the principles of dev ops, continuous engineering and agile development? The developers behind InfoArchive do…
  4. Risk Mitigation: with older software, there are usually only a few people that even know how to keep it running – what happens if they get hit by a bus?

Thus, if you’re using a legacy or homegrown LOS, then InfoArchive combined with our professional migration services can be the answer. The first step is to conduct a no-obligation, legacy LOS audit to determine the scope of the migration and decommissioning, so contact us today to get started.

Top 5 Document Migration Challenges

The document management marketplace has been with us for over 20 years and is still going strong. The longevity of the market creates conditions where companies can have more than one document management system. Systems can be inherited through acquisition, disparate departmental systems, or systems from software vendors that is no longer focused on the technology.

The following list provides the business drivers behind document/data system centralization:

  • Reduce IT complexity and maintenance costs
  • Reduce Infrastructure complexity
  • Adhere to regulatory retention, audit and compliance policies
  • Eliminate information silos
  • Safeguard information integrity

The following list is our top 5 challenges with document migration projects:

1. Old Technology

This goes with the territory. If customers are looking to migrate content, the source system is likely to be hosted older technology/hardware using older software versions. The target is the reverse. Therefore, the migration process has to span technical environments that can be some years apart in compatibility. Another issue here is system accessibility, as support for older APIs need to be maintained.

2. Missing/Corrupt Documents

A migration forces a read of every document in the system and if the system has not been used for a while missing/corrupt documents can be identified.

3. Data Interpretation and Translation

The taxonomy of data that is stored with the documents in the source system may have been designed some years before. For example, an index value and data that made sense 10 years ago in one context can have no value now, or categorization of certain document types has changed and need to be translated. This situation causes the business to get involved to advise on the data translation scheme. This is important to do, but can increase the timescales of the project.

4. Managing Time Expectations

Legacy systems can accumulate a large number of documents and data, some well in the millions, which can take time to migrate. Although timing expectations can be set during the project initiation, it is recommended to perform a pilot migration to prove the process and understand the timing in context of the environment. The following points should be considered when estimating the timing:

  • Network Throughput – Document management is network intensive as it moves both data and documents and migrations involve continuous movement of data.
  • API and Document Processing Overhead. It easy to think that you can roughly estimate a document management migration by timing just the file copy. However, there is the overhead of the source and target system APIs, and any additional processing that is required while migrating, such as OCR’ring or rendering the document to a different format.
  • Impact on Production. If the source/target systems are in use, concerns will be raised about the impact the migration will have on production. The migration process could utilize the resources enough to slow down the system which impacts the business users. This situation may force the migration to be run at night only.
5. Differences in Document Management System Taxonomies

Not all document management systems are made equal. Objects or data contained in the source system may not all have a “slot” in the target system, or are simply managed differently. This means that a discussion with the business is required to reconcile and understand the differences. Areas that have caused discussion in our experience are:

  • How to Handle System Data
  • Differences in Managing Security
  • Moving Annotation Objects

Migration projects take careful planning and the above points should be considered and discussed with the business before timescales are presented and socialized.

Portford has developed a document migration methodology to accompany our own DocuNECT migration technology to address these challenges and to make sure migration projects are successful.

Contact us now if you want help in planning your next migration project.

OpenText Signs Definitive Agreement to Acquire Dell EMC’s Enterprise Content Division, including Documentum

On 9/12/2016, OpenText announced the acquisition of Dell EMC’s Enterprise Content Division (ECD) for $1,62 billion. ECD is the division of EMC that Portford has partnered with for many years and manages the following products:

  • Documentum
  • ApplicationXtender
  • eRoom
  • Captiva
  • InfoArchive

It will be interesting to see over the next few months how OpenText will choose to integrate and market the ECD products as there is some overlap with existing OpenText portfolio. However, the overall “blended” product line will make OpenText a powerful player in the ECM marketplace.

OpenText is dedicated to the ECM, which is another positive as the EMC ECD products now have a more focused company to take the products forward.

We believe that this is an exciting opportunity for ECD products and look forward to seeing the future unfold.

Click on the URL below to read the full press release from OpenText:

http://www.opentext.com/who-we-are/press-releases?id=51B5E97A2C384D1DBCD94180192DB53A

Don’t hesitate to contact us if you want to discuss the acquisition in more detail.

CIO Review Announces Portford as one of the 20 Most Promising Document Management Solution Providers in 2016

CIOReview

Going paperless can save enterprises’ time and money. In that respect, choosing the accurate document management system (DMS) enables industries and employees to dissipate paper from office, optimize costs involved in ink and storage space and optimize time involved in searching for right data in files. It helps companies store, manage and track electronic documents and images based information using document scanner. Considered as one of the precursor technologies to content management, DMS enables organizations to incorporate standard physical document filing practices electronically by providing storage location, security and access control, version control, audit trails, and check-in or check-out and document lockdown.

The solution serves global audience irrespective of the size and scope of the industry. In order to guide the CIOs around the landscape of document management system, CIO Review is coming up with an annual special edition on the most promising Document Management companies.  A distinguished panel comprising of CEOs, CIOs, VCs, analysts including CIO Review editorial board has announced that Portford Solutions is one of the “20 Most Promising Document Management Solution Providers 2016” in the U.S.

Recoding the Way Document Management Works.

Are You Keeping up to Date with ApplicationXtender and Captiva?

Take your document management to the next level with upgrading and enhancing your existing EMC solutions. If you have an ApplicationXtender or Captiva solution, now is a great time to upgrade as both solutions have a number of new enhancements and a strong roadmap for the future.

ApplicationXtender (AX) v8

EMC ApplicationXtender is a content management solution that meets the demands of line-of-business applications, yet is enterprise-ready for broader implementations both on and off premises. ApplicationXtender scans, stores, retrieves, and preserves information, while providing role-based access from nearly any device or web browser.

Based on industry standard Microsoft .NET technologies and cutting-edge client UI frameworks, ApplicationXtender can be easily deployed to provide document capture and retention management capabilities as well as seamless integration with Microsoft Office Applications. With an easy to manage footprint, ApplicationXtender an Ideal solution for nearly any business process.

EMC ApplicationXtender delivers:

  • New User Interface. A completely refreshed, streamlined, and easy-to-use interface. Context-driven navigation and a new document viewer bring a rich experience to nearly any HTML5-compliant browser without plug-ins.
  • Simplified administration and remote management. A new Administration interface eliminates need for a desktop client, allowing for a simple deployment that can be managed over the web.
  • Improved performance, extensibility, and scalability. RESTful Services provide a highly-efficient and resource-centric API for developing fast and efficient solutions geared toward web, mobile, and other connected platforms.
  • Broadened support for authentication. Support for single sign-on technologies and authentication engines enables tight integrations with other applications, improves security, and provides a seamless user experience.
Captiva v7.5

EMC Captiva delivers process driven capture software platform that converts paper, documents into application ready digital content. By drastically reducing manual processes, Captiva solutions lower costs, minimize risk, and streamline integration to new and existing systems.

Process Driven Capture
Organizations demand more than traditional back-office capture systems alone: they require the ability to capture documents at the first point of contact. Process Driven Capture enables organizations to capture documents and data from all areas of the business and in all incoming formats.

Captiva’s Advanced Recognition
Captiva Advanced Recognition automatically classifies documents into unique business transactions and then extracts the index data required for validation and processing. Captiva differentiates in the market by providing both the most innovative AR technologies and a proven ability to execute in delivering Advanced Capture solutions. The result: improved transaction times and industry leading automation capabilities which drive the fastest ROI in the market

Captiva’s RealTime Capture – Drives Innovation
Captiva’s Advanced Recognition Capture proves more than a mailroom or batch based solutions. Captiva’s RealTime Capture enables LOB and even departments to quickly set up but robust processes, accessing only the capture technologies needed to capture, convert, classify and extract the data needed in real time. The benefit: immediate response time to customer demands, enabling a new level of SLAs and lean business processes

Captiva Mobile Toolkit

The phenomenal growth of smart mobile devices is fueling the need for businesses to extend their market reach by providing new and innovative services to their customers with mobile-enabled applications and solutions. The new wave of mobile-enabled solutions is paving the way for businesses to consider new alternatives and ways of capturing information and processing of documents.

EMC Captiva Mobile Capture turns a mobile gadget into a sophisticated and efficient portable scanning device that captures documents and has the ability to transform information into useful, actionable data.

Captiva Mobile Capture provides the following features and capabilities:

  • Enhance or improve smartphone user experience to easily capture and submit documents.
  • Allow customers to capture-enable their mobile applications in order to expand high-valued services via mobile applications.
  • Provide server-side mobile image filters for improved classification and extraction.
  • Easily embed on-device image capture, clean-up, and batch-submission functions into mobile applications.
  • Enhanced capability to automatically take the best picture without any human intervention.
  • New user interface guides and tools to assist users to capture the highest quality image possible.
  • New and improved image processing filters and quality detection tools to optimize image quality and size.
  • New camera user interface overlay to customize sensor icons, buttons, labels, colors and dialogs.
Introducing LEAP

Content apps that drive productivity and solve business challenges.

Solving hard problems
Unrivaled set of document classification, extraction, and content transformation tools. A la carte menu options and easy-to- track usage. Pay only for what you use.

No migration required
Instead of wasting time moving to a new platform, LEAP integrates with your front and backend systems with the help of REST, CMIS, and other standard data architectures and service layers.

Thoughtfully designed
Our purpose-built, multi-device ready apps can be configured in minutes so different users can focus on their most important tasks.

Take Advantage of the Portford Document Management Health Check

To help you identify how your organization can take advantage of AX and Captiva, Portford provides a free health check.

Contact us now for more information.

 

Get Your Free Business Health Check

Portford Solutions Group will conduct an up to a 3-hour No-Charge services engagement to assess your automated and or manual document business processes and systems. The Health Check begins with an assessment via conference call or onsite visit which can include:

  • An analysis of your business process
  • A review of critical business issues
  • An evaluation of your plans for future operations
  • Identify potential return on investment (ROI)

We will provide a short report outlining current process issues, highlighting your vision and recommending solutions.

Our Focus
  • Data Capture & AP Automation
  • HR On Boarding
  • Analytics
  • Content Management
  • Workflow Processes
  • Records Management
  • Process Automation
  • Process Management

Contact us now to get your health check started!

Announcing eRoom v7.5

eRoom v7.5 provides some key compatibility enhancements. Contact us today if you want more information on upgrading your current version.

Support for new Server Operating Systems
  • Windows Server 2012 (64 bit)
  • Windows Server 2012 R2 (64 bit)
Support for new Client Operating Systems
  • Windows 10 (32 bit and 64 bit)
  • MAC OS 10.10.x
Support for new browsers
  • Internet Explorer 11 with Windows 10
  • Mozilla Firefox 38
  • Apple Safari 8.0.x
Support for new databases
  • MSSQL Server 2012 SP2 (32 bit and 64 bit)
  • MSSQL Server 2014 SP1 (32 bit and 64 bit)
Compatibility with Documentum products
  • Documentum Content Server 7.2
  • Documentum Foundation Classes (DFC) 7.2

Migrate Your Content to EMC’s ApplicationXtender!

Our recent article Migrate Your Content to a Central Document Repository discusses how you can increase compliance and control by consolidating your content into one repository. ApplicationXtender provides a easily deployable and feature rich platform to use as your one-source for document management.

Portford’s own award winning DocuNECT solution integrates with ApplicationXtender to provide an “on ramp” for content stored in different sources and legacy document management systems.

Top 5 Reasons to Move to ApplicationXtender

1) Access New Features. ApplicationXtender is a powerful, feature-rich document management solution that has recently had a major release with some exciting new features.
2) No Plug-Ins or Compatibility Issues. The application is web based utilizing HTML 5 technology. This means that there are no plug-ins that are incompatible with browsers and operating systems (i.e. Windows 10).
3) Tablet Ready. The web application is “tablet ready” so your business users can access content from different devices.
5) Supported Environment. ApplicationXtender is compatible with the latest Microsoft technologies to help keep in a supported Microsoft environment.

Take Advantage of LEAP

LEAP is EMC’s new hybrid cloud technology platform and is the wave of the future. ApplicationXtender works with the LEAP platform so you can take advantage of the digital transformation.