ASHBURN, Va., June 27, 2012 /PRNewswire/ -- Brainware announced today that Novosit, a business process outsourcing (BPO) and IT consulting firm based in the Dominican Republic, has contracted with Brainware to use and distribute the Brainware Distiller application for intelligent data capture in Latin America. The total value of this contract for Brainware is $7.5 million.
Novosit serves a broad range of clients in the banking, transportation, construction, government and telecommunications industries, and has previously established partnerships with a number of global IT service and application providers.
This purchase demonstrates Brainware's value proposition as an enabler of increased efficiency, visibility and productivity for financial operations, as well as for outsourcers seeking to onboard new client workloads without significant additions in headcount or other resources. By offering a scalable platform for accurate, accountable processing of transactional data, this technology can drive genuine profits for outsourcers and enable operations such as accounts payable to reallocate manual data entry personnel towards other value-added activities throughout the enterprise.
"Our organization is strongly committed to establishing itself among CFOs and records management executives as a leader in providing innovative technologies and reliable, valuable business services," said Francis Reyes, President of Novosit. "Brainware's technology is unparalleled in its ability to make document processing fast and automatic, so the decision to incorporate Brainware into our own portfolio was an easy one. This partnership will help us win customers and build upon relationships with the ones we have."
"Distiller offers users a platform for processing a host of document types, formats and languages, with extremely high field extraction rates right out of the box," said Charles Kaplan, Vice President of Marketing at Brainware. "Working with an established firm like Novosit helps Brainware to expand its market penetration in Latin America, and we believe Distiller is the application best poised to support Novosit's goal of providing the world-class automation efficiency and performance their customers demand."
With a technical staff consisting of certified vendors and solutions represented by the Computing Technology Industry Association (COMPTIA), Novosit specializes in services, consulting and training related to information technology. Through relationships built with leading international companies in the market for digital content management, Novosit provides complete, efficient and integrated solutions at competitive prices. For more information, visit www.novosit.com.
Brainware, part of Perceptive Software, a Lexmark company (NYSE: LXK), is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. With executive offices in Ashburn, Virginia, Brainware maintains global sales and support operations through its North American, U.K. and European offices. For more information, please visit www.brainware.com.
SOURCE Brainware, Inc.