SOFTWARE

PSPDFKit Extends Document Technology Platform With Strategic Acquisitions of ORPALIS and Aquaforest

PSPDFKit | May 16, 2022

PSPDFKit
PSPDFKit, the leading document processing and manipulation foundation for tomorrow's developers, today announced the acquisition of France-based ORPALIS Imaging Technologies and U.K.-based Aquaforest, leading providers of document imaging components and enterprise software solutions.

The combination of PSPDFKit, ORPALIS, and Aquaforest creates a unique foundation for enabling developers to better execute on their roadmaps and thrive in an all-digital world. Backed by New York-based global venture capital and private equity firm Insight Partners, the combination harnesses the capabilities of three leading providers to deliver an unmatched level of document expertise and resources to enable developers and enterprises to innovate beyond paper.

ORPALIS's expertise in .NET and Windows is combined with rare domain knowledge in OCR and PDF rendering engines. The company's core technology is focused on the application of OCR, barcode, PDF rendering and compression, MS Office, document conversion, document scanning, and document imaging capabilities to enterprise SDKs, offering developers the ability to deliver compelling solutions faster. For PSPDFKit customers, this ultimately means a more comprehensive OCR solution, AI-based document tools, deeper PDF expertise, and access to more than 3000 new capabilities across 100 new file formats.

Aquaforest offers an enterprise software suite for PDF data extraction, OCR, and metadata tagging with SharePoint, Microsoft Power Automate, Azure, and Windows Servers. The addition complements PSPDFKit's acquisition of Muhimbi in January 2022, offering customers a comprehensive enterprise software solution for the low-code/no-code and SharePoint space, ensuring they can more effectively work with documents.

"In today's climate of digital transformation, developers are looking for partners with the expertise, tools, and technology to help them realize the digital revolution's promises today, By joining PSPDFKit, ORPALIS, and Aquaforest together, we're making it possible for these innovative developers and enterprises to unlock the potential of tomorrow and bring their ideas to life. With the combination we have put together, it's safe to say there is no better digital document foundation out there that is focused solely on enabling developers seeking to innovate beyond paper and fuel transformation."

Jonathan Rhyne, Co-Founder and CEO of PSPDFKit

"We are thrilled to join the PSPDFKit family and together continue to deliver top-performing document solutions to the enterprise market," says Elodie Tellier, Managing Director of the ORPALIS group and member of the PDF Association Board of Directors. "By bringing together these companies, developers and their organizations will have access to a broad portfolio of industry-leading solutions, as well as cutting edge technology as we focus on building what the future could look like."

Neil Pitman, Founder and CEO of Aquaforest: "Aquaforest teaming up with PSPDFKit positions us to bring a higher level of value to the businesses that rely on our solutions and help even more organizations, IT specialists, and aspiring low-code builders to drive even more impactful business outcomes."

District Capital Partners served as financial advisor, Willkie Farr & Gallagher LLP served as legal advisor, and Deloitte served as accounting advisor to PSPDFKit during this transaction. In Extenso Finance & Transmission served as financial advisor, and Fidal Toulouse served as legal advisor to ORPALIS.

About ORPALIS
ORPALIS is an editor of imaging software, PDF processing tools, and large-scale document flow management solutions for professionals of all industries and individuals worldwide.

About Aquaforest
Aquaforest was established in 2001 to provide High-Performance PDF, OCR, and SharePoint products to a worldwide market. Aquaforest are experts in Searchable PDFs. Thousands of organizations rely on Aquaforest solutions as part of their document workflow processes.

About PSPDFKit
PSPDFKit develops software development toolkits and related frameworks that enable document creation, manipulation, collaboration, and innovation within its customers' applications. The company's products cover all major platforms and support a wide range of programming languages, and can be deployed on-premises or in the cloud with ease and at any scale. PSPDFKit has earned its developers-first reputation by pioneering products that are easily integrated, completely customizable to fit any deployment and workflow, and trusted by startups, SMBs, and some of the largest multinational enterprises alike.

About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of February 24, 2022, the closing of the firm's recent fundraise, Fund XII, brings Insight Partners regulatory assets under management to over $90B. Insight Partners has invested in more than 600 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO.

Spotlight

SD-WAN deployments are driving a new era of resiliency, agility, security and cost efficiency. In fact, Gartner believes that 50% or more of WAN refresh initiatives will start with an SD-WAN architecture. SD-WAN is a relatively new technology, so it’s important to gain knowledge now about best practices that will guide you through your initial deployments.


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GENERAL AI,AI APPLICATIONS,SOFTWARE

AI-Powered Contract Automation Firm Zendoc Joins the SirionLabs CLM Family

SirionLabs | November 09, 2022

SirionLabs, the global leader in artificial intelligence (AI)-powered contract lifecycle management (CLM), today announced that contract automation platform Zendoc has joined the Sirion team. This expansion further deepens Sirion’s leadership and commitment to the applications of AI in enhancing CLM as a category. The Zendoc team’s knowledge and experience in creating intuitive AI-powered solutions to manage contracts is a valuable addition to Sirion’s engineering and product talent. Through the Zendoc acquisition, Sirion is also establishing a Center of Excellence (CoE) in Nice, France, located in the heart of the region known as the European Silicon Valley. This new European CoE joins a recently established Sirion CoE in Toronto as the company continues to scale up just months after its $85 million Series D funding round in May led by Partners Group. “The war for talent is global, and we’re thrilled to be adding such skilled professionals to the Sirion team as well as gaining a foothold in a key region for tech development,” said Ajay Agrawal, co-founder and CEO of Sirion. “Their world-class engineering expertise moves the needle on our data-centric approach to building a better, faster, more powerful CLM platform.” The knowledge that Zendoc’s engineers bring to Sirion will be instrumental in the company’s data-centric AI strategy, which utilizes datasets to improve the performance of AI models. The accretion of data for applied AI learning achieves a data network effect that will ultimately increase value for Sirion users by enabling productivity gains, reducing contract risk and decreasing contract value leakage. Zendoc brings to Sirion a talented team of engineers that will focus on enhancing the user interface (UI) and user experience (UX) for the Sirion CLM platform to provide customers with a world-class user experience in the complex arena of legacy document migration. This heightened usability and deeper emphasis on customer experience will further solidify Sirion’s leadership position in the CLM market. Sirion’s engineering CoE in Nice expands the company’s presence in Europe—which continues to be a key market for business and talent. Nice is globally recognized as a hub of technical innovation and education, making it an ideal location for the new CoE. In addition to increasing Sirion’s global talent pool, this expands the company’s geographic reach and ability to provide localized technical support for its European customers. The research and development (R&D) team at the CoE in France, along with the team at the CoE in Toronto, will use customer feedback and insights to drive the next stage of Sirion’s product development and accelerate Sirion’s AI-first trajectory. Key areas of focus include contract analytics visualization and AI data model training to respond to the evolving needs of the modern agile enterprise. Zendoc’s co-founder and CEO Laurent Lathieyre will assume the role of Sirion’s Head of Post Signature Applications. “Joining forces with Sirion and establishing the Engineering CoE enables us to fuel innovation that makes enterprise contracting simpler, smarter and more intuitive—as well as reaching scale to achieve a data network effect,” said Lathieyre. “Nice and the French Riviera have earned a reputation as an elite incubator for tech innovators, and the new CoE strengthens our ability to attract the very best engineering talent to the Sirion team.” About SirionLabs Bringing together category-leading innovation, unrivaled Contract Lifecycle Management expertise, and a deep commitment to customer success, SirionLabs helps the world’s leading businesses contract smarter. Powered by intelligence uniquely connected across the complete contract lifecycle, SirionLabs’ easy-to-use, highly configurable Smarter Contracting platform brings legal, procurement, sales, and business teams together to author stronger contracts, improve risk management and strengthen counterparty relationships. SirionLabs is trusted by over 250 leading organizations to manage 5+ million contracts worth more than $450 billion across 70+ countries.

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AI TECH, GENERAL AI, AI APPLICATIONS

Henderson Engineers and Torch.AI Test New AI for Building Systems Design

Torch.AI | September 06, 2022

Torch.AI, pioneers of Data Infrastructure AI™, is testing a new artificial intelligence application with Henderson Engineers, a national building systems design firm, to unlock the creative and problem solving potential of the firm's more than 1,000 employees. Henderson, one of the world's most prominent and successful building systems design and engineering firms, works on projects across the business, community, health, retail, and venue sectors, including many high-profile projects, such as SoFi Stadium, host site for the 2022 Super Bowl. The construction & engineering industry is known for sophisticated projects spanning huge supplier networks, strict building design standards, detailed job planning efforts, and tight margins. The industry relies on highly complex information contained in equally complex unstructured data: drawings, images, PDFs, handwriting, raw text. Earlier this year, Henderson began testing new artificial intelligence from Torch.AI that could learn to read complex construction and engineering documents and diagrams. Past construction & engineering data sets were used to quickly train the AI with more than 340 million parameters and growing, which in turn creates new opportunities for automation and data sharing. The Torch.AI system has already read roughly 100,000 engineering drawings with remarkable accuracy. In one example, in less than one second the AI is able to identify, extract, and compare diagrams from 40+ page project files with an average accuracy of 98.9%. Torch.AI's software helps unlock human potential by removing impediments to creativity and problem solving, namely mundane tasks created by the explosion of enterprise data and ever-increasing gaps in technology. The software begins by instantly figuring out what the data is and how it can be useful, then applies advanced machine learning to automate the steps necessary to deliver new insights and support decisions; all without human intervention. "When Kevin Lewis, Henderson's CEO, and I got together to first discuss the partnership, I could tell they were already thinking way ahead of everyone else. "As an engineering firm they are meticulous, thoughtful, strategic. We quickly saw the potential impact these new AI systems could have for their amazingly talented teams and are excited to continue growing our relationship." Brian Weaver, Chairman and CEO of Torch.AI About Torch.AI Torch.AI, the Data Infrastructure AI™ Pioneers, are headquartered in Kansas City with offices in Washington, DC. The company developed the use of AI to process data in-flight, radically evolving analytic and operational capabilities in any IT environment. Torch.AI's products and people are currently actively supporting operations in industries including financial services & insurance, construction and engineering, healthcare, and the US Department of Defense, US Department of Homeland Security, and other agencies. About Henderson Engineers Henderson Engineers provides a wide array of building system design engineering services across a variety of building types, specializing in five market sectors: Business, Community, Health, Retail, and Venue. Their sister company, Henderson Building Solutions, is a turnkey construction management and commissioning services firm that provides a seamless bridge between design, construction, and ongoing maintenance. Together as Henderson Companies, they provide single source solutions for any project.

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INNOVATION,SOFTWARE,FUTURE TECH

Optimizely Launches Digital Experience Platform on Microsoft Azure Marketplace

Optimizely | November 15, 2022

Optimizely, the leading digital experience platform (DXP) provider enabling Boundless Digital Invention, today announced its content management, commerce, and personalization solutions are now available on the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Optimizely customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management. Optimizely DXP offers rich personalization features, powered by artificial intelligence (AI) and benefitting from the scalability, reliability, performance, and security of Azure. “Launching Optimizely DXP on Microsoft Azure Marketplace is the next step in helping more organizations unleash their full potential and transform digital experiences. “The best digital experiences begin with learning from customers, gaining their trust, and using superior intelligence to serve them and drive outcomes. By using Optimizely’s DXP with Azure, marketing teams have unlimited possibilities to drive exceptional digital experiences, while ensuring the highest level of reliability and security.” Alex Atzberger, CEO of Optimizely Optimizely DXP is an advanced Content Management System (CMS) offered in a platform-as-a-service (PaaS) model, built on Microsoft .NET 5/6, and natively designed to run on Azure, enabling customers to take full advantage of Microsoft Azure for ease of use, reduced complexity, and cost-effective technology consumption. This launch allows customers to benefit from the latest release of Optimizely Content Management Version 12 and B2C Commerce Version 14, which is Optimizely’s first version built on ASP.NET Core. It also comes on the heels of the recent release of the .NET Upgrade Assistant to make it easier for customers to move to .NET 5/6. Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. said, “We’re pleased to welcome Optimizely to the Microsoft Azure Marketplace, which gives our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.” The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure. The Azure Marketplace helps connect companies seeking innovative, cloud-based solutions with partners who have developed solutions that are ready to use. About Optimizely At Optimizely, we're on a mission to help people unlock their digital potential. With our leading digital experience platform (DXP), we equip teams with the tools and insights they need to create and optimize in new and novel ways. Through Boundless Digital Invention, we’re reinventing marketing and allowing marketers to innovate without limits through confident content creation, inclusive collaboration and customer foresight. Now, companies can operate with data-driven confidence to create hyper-personalized experiences. Building sophisticated solutions has never been simpler. Optimizely’s 900+ partners and 1100+ employees in offices around the globe are proud to help more than 9,000 brands, including Toyota, Santander, eBay, KLM and Mazda, enrich their customer lifetime value, increase revenue and grow their brands.

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AI TECH,GENERAL AI,SOFTWARE

Metatron Inc. Proudly Launches BETA Version Of Artificial Intelligence Royalty-Free Graphics Generator

Metatron, Inc. | December 01, 2022

Metatron Inc., a mobile and web technology pioneer having developed over 2,000 apps on iTunes and Google Play, is pleased to unveil the Company's first AI product in a comprehensive suite of AI products and services: "The Metatron Art Generator." Metatron is currently offering a 7-day free trial period with no credit card required, so that all interested parties may freely sign up and examine the powerful and unique new AI engine and generate an unlimited amount of royalty-free AI-generated graphics. After the trial period users will pay a reasonable monthly fee for unlimited image creation, per user. CEO Joe Riehl commented on the public release of the AI product: "The Metatron Art Generator is planned to an integral part of the "Metatron AI Suite," which will be a one-stop cloud-based solution for AI-generated digital and print content. The second product within this suite of resources is currently in ALPHA release and I'm hoping that I can unveil it to the world next week." While exploring the Metatron Art Generator users will be utilizing the most current iteration of a powerful AI engine to create any image that they can imagine! Featuring one-tap image creation, Metatron Art Generator currently creates the best and most-accurate graphic designs that modern AI can offer. Users be cautioned: entering your keywords or key-phrases and then enjoying the returned AI generated art can be addictive! Metatron thinks users will be surprised at how simple it is to generate royalty-free images for a plethora of potential uses. Below are just a few of the almost-unlimited possibilities of how people can use the graphics produced by the new Metatron Art Generator: Digital Art Metatron AI lets you work with different styles and effects, add special designs to your photos, transform images into different formats, increase or reduce different parameters so that you can create your perfect digital art. Social Media Content Metatron AI lets you create truly unique AI images that are already social media ready, and which are truly beautiful (try it!) so that you can post directly to Twitter, Facebook, Instagram, or many others. Advertising Are you advertising on social media? Metatron AI is a very powerful solution to create eye-catching images which can help boost the views and clicks of any ad campaign. Print on Demand Metatron AI can help you create just about anything you can think off just type anything and it will create any picture which is high-resolution and suitable for print media as well as digital. Do you need an image of a rabbit riding on an airplane? Or how about birds playing badminton? Watch our AI generator go to work and deliver results you thought were unimaginable without paying custom artists thousands of dollars. Graphic Design Metatron AI lets you create different types of illustrations which are totally new. And the learning curve to get wonderful results on our website takes only moments to master. Simplicity is beautiful! Photography For advanced users: Metatron AI can create incredible images effortlessly which you can use to further enhance photographs. If you're having trouble finding that "needle in a haystack" image, let Metatron Art Generator just make it for you. CEO Joe Riehl concluded: "I am so proud to announce this first in a series of AI products and services developed by Metatron. One of the things I'm most pleased about is that this software was developed totally in house, runs on Metatron's servers, and is fully owned by Metatron. Metatron will not need to share revenues with any other entities, nor did we have to give away the farm with an expensive acquisition. Furthermore, I believe that the Metatron Art Generator and subsequent AI products we release may put us on the map as a buyout candidate. One reason I believe this is because I plan to immediately begin leveraging our network of advertisers and marketers to quickly grow our subscription base."

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Spotlight

SD-WAN deployments are driving a new era of resiliency, agility, security and cost efficiency. In fact, Gartner believes that 50% or more of WAN refresh initiatives will start with an SD-WAN architecture. SD-WAN is a relatively new technology, so it’s important to gain knowledge now about best practices that will guide you through your initial deployments.

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