enChoice Acquires MagicLamp Software Assets
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TEMPE, Ariz. - March 14, 2022 - (Newswire.com)
enChoice, a leading provider of Digital Transformation solutions, today announced an asset purchase agreement with MagicLamp Software to acquire MagicLamp's library of proprietary software "accelerators" and corporate brand assets. Concurrently, enChoice has engaged MagicLamp's co-founder and former CEO Scott Power to support enChoice in the ongoing integration of MagicLamp's customer relationships and technologies into enChoice's Intelligent Capture business.
As an IBM Gold Business Partner, MagicLamp has become recognized for its industry leadership in delivering high-value intelligent capture solutions based on the IBM Datacap platform. Acquired by IBM in 2010, Datacap remains central to IBM's Business Automation platform as the starting point for content ingestion, digitization, and automated document classification and data extraction.
Among the software assets acquired by enChoice in this transaction are several solution accelerators that dramatically enhance Datacap's functional efficacy and ease of deployment:
- Cloud OCR Connector
- Data Migration tool
- Cognitive Correction Module
- Enhanced Email Extractor
- ERP Data Gateway module
- Enhanced Flex ID
Also included in the transaction is a library of over 65 custom software modules providing more specialized functional applications.
Scott Power, departing CEO at MagicLamp, stated, "We will be working with enChoice to transition MagicLamp's considerable base of IBM Datacap customers and prospects to enChoice. We are confident our customers will experience a seamless transition, with no interruption in the expert support they've come to expect over the years, and I look forward to personally supporting the compelling vision enChoice is pursuing in this space."
enChoice's CEO Dave Parks added, "We have a high regard for MagicLamp and Scott Power, and this agreement represents an important step forward in our strategic commitment to intelligent capture and content automation."
"Having already been introduced by Scott to several of MagicLamp's marquee customer accounts, I've seen firsthand the extraordinary level of confidence and goodwill MagicLamp has earned in our space. We are excited to carry that legacy forward as we introduce those customers to enChoice's expanded array of content automation solutions and services," said Darrell Royal, President of enChoice's Enterprise Division.
About enChoice
Founded in 1993, enChoice, Inc. is an award-winning Digital Transformation solutions company. enChoice technologies and solutions enable content and process-based automation in the cloud, hybrid, or on-prem with comprehensive and ongoing support. Discover why over 1,000 leading companies have chosen enChoice as their trusted digital transformation partner. Visit www.enchoice.com.
About MagicLamp Software
MagicLamp has provided leading-edge software development and consulting services for companies across North America for over 13 years delivering solutions for customers who are looking to significantly improve their operations, in industries as wide-ranging as banking, manufacturing, retail, insurance, and health care.
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Original Source: enChoice Acquires MagicLamp Software Assets
