Business News

ReadSoft acquires the assets of Spear Solutions AB and Spear Imaging Inc.

Monday 28. September 2009 - ReadSoft AB has today acquired all intellectual assets of Spear Solutions AB and Spear Imaging Inc. These assets include patents and software for image processing and document handling. The parties have decided not to publish the acquisition amount.

Through this acquisition, ReadSoft gains access to technology which complements the company’s own solutions. Spear has, among other things, developed software which improves the quality of scanned images, which is of great importance to document handling solutions. Spear also has technology for remote image capture and web-based solutions for document processing.
 
“Spear has developed software which is in line with our own intentions and ambitions,” comments Jan Andersson, CEO at ReadSoft. “This acquisition enables us to move faster and we will now integrate Spear’s software into our own which will strengthen and broaden our offering to the market.”