http://www.capsystech.com/static.asp?path=5646

Wednesday, February 15, 2012

ReadSoft Acquires foxray

ReadSoft, a leading capture software ISV, which is based in Sweden, has acquired German document capture ISV foxray, which develops a capture framework for high-volume environments. foxray's founders came from the ticketing arm of the German airline Lufthansa, and its xbound application acts as a framework that can incorporate multiple capture processes.

According to the ReadSoft press release, foxray's revenue is approximately 7 million Euro, just over $9 million. The initial acquisition price is 7.85 million Euro, with an additional .65 million Euro worth of ReadSoft shares going to foxray's two owners, who are going to remain on board. There are earnout incentives of up to an additional 3.3 million Euro through 2014.

2 comments:

Unknown said...

Really nice post, you got great blog and Thank you for sharing This excellently written content. Waiting for next one.

HP - EliteBook Convertible 11.6" Laptop - 4GB Memory - 128GB Solid State Drive - Platinum

HP - ENVY TouchSmart Sleekbook 15.6" Touch-Screen Laptop - 8GB Memory - 750GB Hard Drive - Modern Silver

susane said...

Thanks to you, I have learned many interesting things. I hope to learn still. I congratulate you for this wonderful sharing. Keep going !

voyance gratuite