Business process and document management company
) recently announced that select models of its DocuMate scanners
will now include a new software to transform documents into
useful business intelligence.
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As an add-on facility, the scanners will feature Diamond Vision
Enterprise Edition software. Manufactured by Office Gemini, a
software manufacturer focused on the document management and
document scanning industry, the software offers a comprehensive
scanning solution that provides powerful production level image
and data capture. The software enables unlimited scanning
capabilities without any per click charges, powerful indexing and
automated OCR (optical character recognition) functions.
In addition, the new software interface empowers users to
separate scanning, quality control, indexing and exporting
processes into independent tasks that can be performed
simultaneously, either at local nodal points or at remote
positions by different users.
According to data by market analysis and consulting company
Harvey Spencer Associates, the document capture software market
grew 8.2% in 2012 and is poised to grow at a higher rate in the
coming years. The addition of the new software with the prowess
of document capture solution will thus position Xerox scanners to
better capitalize on this opportunity. The software will be
included in Xerox DocuMate 5460, 5445, 4799, 4790, 4760 and 4830
Headquartered in Norwalk, Conn., Xerox is a leader in the
development, manufacture, marketing, servicing and financing of
document equipment across the world. The company also provides
extensive leading-edge document technology, services, software
and genuine Xerox supplies for graphic communication and office
printing environments of any size.
The company has three segments - Technology, Services and Others.
Xerox is looking forward to expanding its offerings through
inorganic measures and new acquisitions, which in turn will help
it to add more clients to its portfolio.
Xerox currently has a Zacks Rank #3 (Hold). Other players in the
industry worth reckoning include
Mentor Graphics Corp.
), both carrying a Zacks Rank #1 (Strong Buy), and
) that retains a Zacks Rank #2 (Buy).