Brainware
| Company type | Private |
|---|---|
| Industry | Software |
| Predecessor | SER Solutions Inc. |
| Founded | February 2006 |
| Defunct | 2017 |
| Fate | Acquired by Hyland Software |
| Headquarters | Ashburn, Virginia , United States |
Area served | Worldwide |
| Products | Distiller (data capture software) |
| Parent | Lexmark International (2012–2017), Hyland Software (2017–) |
Brainware was a U.S.-based software firm focused on products related to Automatic identification and data capture and data extraction. The company was acquired by Hyland Software in 2017. Brainware began as a spin-off from SER Solutions Inc., located in Dulles, Virginia, in February 2006, following SER's purchase by The Gores Group LLC. Between 2006 and 2012, private equity firm Vista Equity Partners held the majority ownership.
History
On March 5, 2012, Brainware was purchased by Lexmark International for roughly $148 million and subsequently merged into Lexmark’s Perceptive Software division.
Later, on July 10, 2017, Hyland Software finalized its acquisition of Lexmark’s Perceptive Business Unit, integrating Brainware’s technologies into its suite of products along with Perceptive Content, Acuo VNA, PACSGEAR, among others.
Brainware’s main office was situated in Ashburn, Virginia, with additional locations dedicated to sales, support, professional services, and research and development in London, Kirchzarten (Germany), and Neuchâtel (Switzerland). The company collaborated with leading enterprise software vendors such as Oracle, SAP, and Microsoft, providing solutions compatible across a wide range of enterprise content management systems. Its hardware alliances included partnerships with Hewlett-Packard, Fujitsu, and OPEX.
The company’s premier offering, Distiller, utilized contextual information from documents to enhance automated processing efficiency beyond previous methods. Brainware asserted that its software could diminish manual data entry efforts from unstructured documents by between 60% and 80%. Prominent customers included organizations like NEC, Mayo Clinic, Bechtel, Royal Dutch Shell, and Rabobank.
In a 2011 evaluation by Real Story Group, Brainware was recognized as a top-tier "Capture Solutions" provider competing with companies such as Kofax and ReadSoft.
Brainware and its clients received coverage in various business outlets including Profit Online, Business Finance, imageSource, Managing Automation, Industryweek, and Treasury & Risk. Additionally, its enterprise search capabilities were highlighted in InfoWorld.
See also
External links
- Short description with empty Wikidata description
- 2017 mergers and acquisitions
- Optical character recognition
- Defunct software companies of the United States
- Financial software companies
- Companies based in Virginia
- Financial data analysis
- Lexmark
- Software companies established in 2006
- Software companies disestablished in 2017