SER Group, a leading provider of Intelligent Content Automation solutions with its highly rated Doxis platform, announced the acquisition of AI company Klippa, a high-growth innovator in the rapidly evolving Intelligent Document Processing (IDP) market.
As enterprises increasingly seek to automate document processes to enhance efficiency, productivity and scalability, the growth of IDP as an enterprise software category has skyrocketed, supercharged by the evolution of deep learning and generative AI. By combining Klippa’s cutting-edge IDP capabilities with SER’s Doxis Intelligent Content Automation platform, SER is doubling down on Smart Content apps that underpin customers’ digital transformation efforts, unlocking greater organizational agility and significant cost savings.
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“Customers are searching for ever-smarter and more cost-effective ways to automate the understanding and processing of documents – from financial and identification documents to shipping and customs documentation,” says Dr. John Bates, CEO of SER Group.
He continues: “With this acquisition, we are adding Klippa’s intelligence to the Doxis platform to create the most comprehensive next-generation, AI-powered ECM and IDP offering available to enterprises today. With Leader accolades for SER from IDC and Gartner, we look forward to pushing the boundaries even further and are excited to welcome Klippa’s talented team on board.”
“Klippa impressed us from day one with their product clarity, business momentum and AI capabilities,” says Stefan Dandl, Director at TA Associates, SER’s lead investor. “The fit with SER is incredibly promising, and we look forward to seeing the continued growth trajectory as these two teams come together.”
SOURCE: Businesswire