ancora Software Acquires eDocument Solutions
July 22, 2017 – San Diego, CA
Greatly expanding its reach and solutions delivery capabilities, ancora Software has acquired eDocument Solutions, a systems integration firm focused on the financial services market. ancora is a developer of Intelligent Document and Data Capture software. eDocument Solutions has extensive experience in the Document Capture and ECM markets.
“There is a tremendous opportunity in the Financial Services market for Intelligent Document and Data Capture,” said Noel Flynn, CEO of ancora. “We have had an interest in penetrating that space for some time, and this acquisition will propel us forward. eDocument Solutions’ install base includes multiple enterprise-level Financial Services institutions. They have built a strong reputation and proven their
ability to deliver complex solutions.”
eDocument Solutions flagship offering, Guidance™, can be configured to address multiple applications in the Financial Services market, including mortgage lending, wealth management, and insurance. It can be delivered either on-premises or through a secure cloud model. ancora also offers its software through a hybrid approach and specializes in invoice and general document capture.
Both companies are based in Southern California’s fertile technology hub. As a result of the acquisition, ancora will employ more than 40 people in the areas of Product Development, Sales & Marketing, Implementation and Customer Support. “We will use our combined resources to grow our Intelligent Document and Data Capture solutions business, particularly by marketing our Accounts Payables automation software within the Financial Services marketplace.”
“We’re dedicated to helping our customers meet their goals and be more successful,” said Flynn. “No matter the industry or the problem, we are committed to bringing Intelligent Data Capture solutions to market that are easy to use, easy to implement and easy to support and at the same time priced at a price point where any business can afford it. Our product enhancements and new releases are driven by feedback from our customers. The result is that no other Intelligent Data Capture vendor matches our simplicity and pace of innovation. This benefits customers in the form of original products that solve their real world operational problems.
About ancora Software
ancora Software, Inc. is an innovative provider of Intelligent Document and Data Capture solutions that help companies eliminate costly manual data entry, rapidly process large volumes of documents, and retrieve data from across the enterprise. ancora delivers customer value by providing software solutions for automating document-driven processes such as automating the sorting of documents, automatically capturing data from structured and unstructured documents, and matching capture data against information in an ERP system. Businesses using ancora Software achieve faster and less expensive document processing and better control over business-critical information. The return on investment for an ancora solution is typically achieved in less than one year. Headquartered in San Diego, California, ancora Software maintains sales and support operations throughout North America and the UK.
Bridget Baker, Marketing Manager
ancora Software Inc.
525 B Street, Suite 1500
San Diego CA 92123