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Acquisition Underscores Company’s Long-Term Investment in the Legal Market
PHOENIX – Sep. 28, 2011 – DocSolid, a leader in document scanning solutions for the legal market, today announced it has acquired global legal market license rights for the KwikTag® enterprise scan capture solution from ImageTag, Inc. Prior to this acquisition, DocSolid had remarketed the patented solution from ImageTag, who has more than 300,000 users primarily in the ERP marketplace.
KwikTag, an enterprise scanning solution for mid-sized to large law firms and corporate law departments, works with any scanning device and enables one-button operation to convert paper documents into profiled, scanned images. DocSolid’s KwikTag clients include Dechert, LLC, Duane Morris LLP and Barclays Bank.
The license acquisition means DocSolid has full rights to the legal industry software source code and related intellectual property. DocSolid will now customize future KwikTag releases for the unique needs of law firms, corporate law departments and legal services companies. Current DocSolid legal-centric customizations for KwikTag include integrations with Autonomy iManage, Open Text, Worldox, Thomson Elite and ADERANT. DocSolid also will assume full support obligations for all legal market clients.
“DocSolid is committed to taming Scanarchy™ and helping law firms and corporate law departments embrace enterprise scanning best practices. Our customers demonstrate that KwikTag is the most integrated, easy and productive solution, providing substantial cost reduction and process efficiency. By acquiring the license rights for the KwikTag legal solution, DocSolid is aggressively positioning itself for a big growth opportunity as the legal market finally gets serious about overcoming the paper burden,” said Steve Irons, president of DocSolid.
“We had convenience scanning for years – yet the paper kept stacking up,” said Michael Shannon, Chief Information Officer for Dechert, LLC. “KwikTag has changed that for us, across the firm, and integrated with our document management and accounting software. Not only have we eliminated as much as 200,000 pages of paper a month from operations, we’ve also applied firm-wide paper records retirement and realized significant cost reductions.”
DocSolid is the third document imaging venture Irons has started during his entrepreneurial career. In addition to DocSolid and Image Choice (now enChoice), he also founded and served as CEO at ImageTag, Inc. During his tenure at ImageTag, Irons created KwikTag, based on the vision that integrated document imaging can be universal. In 2009, he formed Phoenix-based DocSolid as a spin-out from ImageTag, focused on bringing KwikTag and enterprise scanning best practices to the legal market.
DocSolid will be expanding its Phoenix staff to accommodate the new software operations and services responsibilities.
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DocSolid’s patented solution, KwikTag, is the simplest and most productive way to convert paper to managed digital documents. With KwikTag’s patented tagging system, paper documents are captured using existing departmental workflows and application screens. KwikTag uses every networked copier, scanner and MFP, enabling one-button operation for scanning single or stacks of documents. Legal market capture and retrieval integrations include Autonomy iManage, Open Text eDocs, Worldox, ADERANT and Elite.
DocSolid creates, sells and supports scanning and document imaging solutions for the legal market, managed print services, and the corporate enterprise. These patented solutions are enterprise-level implementations that streamline paper-burdened business activities and integrate with line-of-business software. DocSolid represents the industry’s most experienced team of capture experts, and serves thousands of worldwide users. Advancing simple, productive ways for clients to do more with less paper™, DocSolid connects people, process and documents. More information about DocSolid, including solution demos, is available at www.docsolid.com.
Edge Legal Marketing
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