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 user 2009-10-06 at 11:10:05 am Views: 54
  • #22610

    Nuance Acquires eCopy, Extends Network Scanning Solutions that Connect MFPs with Enterprise Applications
    Combination to Lead Industry with Broad MFP Support, Strengthen OEM Partnerships and Capabilities Worldwide
    BURLINGTON, Mass.—-Nuance
    Communications, Inc, today announced that it has acquired eCopy, a
    leading provider of solutions that integrate paper documents into
    business software applications. The acquisition of eCopy combines
    Nuance’s multifunction printer (MFP) desktop solutions and eCopy’s
    server offerings to deliver network scanning solutions that connect the
    widest range of MFPs to a broad set of business applications and
    content management systems.

    eCopy’s network scanning solutions are offered by leading MFP vendors –
    including Canon, HP, Konica Minolta, Océ, Ricoh, Toshiba and Xerox –
    providing organizations with an intuitive touch-screen application that
    has a consistent user experience across devices. eCopy’s solutions
    support document connectivity to more than 100 enterprise applications,
    such as Microsoft SharePoint, EMC Documentum, Oracle and SAP, adding
    value to an organization’s existing investments in database, CRM,
    content management, legal, accounting and financial solutions.“Nuance
    and eCopy share a vision of connecting MFP devices to a wide range of
    applications in an easy and productive way,” said Robert Weideman,
    general manager and senior vice president of the Nuance Document
    Imaging Division. “eCopy has earned a strong reputation for quality and
    innovation, and its team is respected for providing high levels of
    customer and partner service. We look forward to welcoming eCopy to the
    Nuance organization.”

    A growing number of organizations are combining scanning software with
    intelligent MFP devices to increase productivity and reduce costs by
    creating efficient document workflows. This allows organizations to
    easily move invoices into accounting systems, contracts into practice
    management systems, patient records into electronic medical records
    (EMR) systems, and office documents into content management systems. In
    order for these workflows to be successful, MFP scanning solutions must
    be easy to use, provide robust document processing capabilities, and
    support a variety of content management systems and business
    applications.“The MFP industry is poised to benefit greatly from our
    mutual focus on delivering integrated solutions that solve real
    business problems for customers,” said Edward Schmid, eCopy president
    and CEO. “The combination of eCopy and Nuance creates an organization
    that can drive the expansion of this opportunity, and is an important
    advancement for our MFP partners and customers. We are pleased to join
    the Nuance team and help fulfill our objective of putting paper to

    The combination of Nuance and eCopy results in:

        * Premier Desktop and Server Products – The combination of Nuance’s
    MFP desktop solutions and eCopy’s products – ShareScan, ScanStation and
    PaperWorks – result in scanning solutions that maximize gains in
    productivity and cost savings and provide MFP partners with an ability
    to deliver valuable solutions to more customers and prospects.
        * Strong OEM Channels – Nuance and eCopy have developed innovative
    solutions for, and strong partnerships with, the most extensive list of
    leading MFP vendors in the industry, including Brother; Canon; HP;
    Konica Minolta; Océ; Ricoh; Sharp; Toshiba; Xerox and others. The
    combination of the two companies will serve to enhance these vendor
    partnerships worldwide and deliver greater value to all OEM and channel
        * Expanded Reach for Desktop Solutions – eCopy has developed an
    effective sales team that supports channel partners within enterprise
    accounts, with customers that include BP; Cisco Systems; GE; Nissan;
    SAAB; Siemens; Sony Corporation; Sprint; Verizon Wireless; and Yahoo!.
    In addition, these solutions are used by more than half of the largest
    law firms in the U.S., providing a complementary channel and growth
    opportunity for Nuance PDF Converter Professional, OmniPage and
    PaperPort desktop products.
        * Enhanced User Experiences – The addition of eCopy supports
    Nuance’s strategic vision to deliver high-value solutions that enhance
    user experiences and streamline business processes through the use of
    accurate recognition technologies – speech, imaging and touch.

    The acquisition is a natural extension of Nuance’s existing document
    imaging business, and will enhance profitability within the division.
    Under the terms of the agreement, net consideration was approximately
    $54 million in Nuance common stock. The acquisition will be accretive
    on a non-GAAP basis in Nuance’s fiscal 2010.

    About eCopy
    eCopy is an innovative provider of open and flexible solutions that
    transform paperwork into paper that works. With more than 100,000 units
    of eCopy ShareScan sold, eCopy is the market leader in MFP document
    imaging software. eCopy customers include GE, Time Warner Inc., Yahoo!,
    Nissan, Verizon Wireless, BP, Sprint, Siemens, Cisco Systems, SAAB, and
    Sony Corporation. eCopy is a global company headquartered in the United
    States, with subsidiaries in Japan and the UK, offices in Germany,
    France, Scandinavia, Canada, Singapore, New Zealand and Australia. For
    more information, visit http://www.ecopy.com.

    Nuance Communications, Inc.
    Nuance Communications, Inc.  is a leading provider of speech and
    imaging solutions for businesses and consumers around the world. Its
    technologies, applications and services make the user experience more
    compelling by transforming the way people interact with information and
    how they create, share and use documents. Every day, millions of users
    and thousands of businesses experience Nuance’s proven applications.
    For more information, please visit http://www.nuance.com.