Kofax, the world''''s largest information capture vendor, has acquired San Diego-based automated text classification and extraction developer Mohomine in a cash transaction.
Kofax is the product-development subsidiary of DICOM Group plc.
According to research, approximately 80 percent of
all enterprise data is unstructured. Unstructured data are documents where the location within the document of salient information cannot be easily predicted. Examples of unstructured data are e-mail, Web pages, PDF files and paper contracts.
Capture technology has been able to address an extremely small percentage of this data and a somewhat larger proportion of semi-structured and structured documents such as forms.
Kofax expects to release the first products incorporating Mohomine technologies later this year.
Mohomine will continue to license and support its technologies for its current customers as well as continue to actively seek new customers for licensing both within and outside of Kofax''''s traditional markets.
Mohomine was originally funded by Windward Ventures, Hamilton Technology Ventures and In-Q-Tel, a venture group funded by the U.S. Central Intelligence Agency.
It brings two patented technologies to Kofax: MohoClassifier and MohoExtractor.

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