In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
Intelligent Document Processing (IDP) vendor Klippa is acquired by SER Group
Intelligent Document Processing vendor Klippa has announced that it has been acquired by German intelligent content solutions provider SER Group. The IDP vendor was founded in the Netherlands in 2015 by Bart-Jan Maatman, Jeroen Bobbeldijk, Robert Jan Verheggen and Yeelen Knegtering. With this acquisition, SER Group will integrate Klippa’s advanced IDP capabilities into Doxis, its intelligent content automation platform, to better support customers in their digital transformation journey. Dr. John Bates, CEO of SER Group, explained: “Customers are looking for ever smarter and more cost-effective ways to automate document understanding and processing – from financial and identity documents to shipping and customs documents. With this acquisition, we are adding Klippa’s intelligence to the Doxis platform to create the most comprehensive, AI-powered ECM and IDP package available to enterprises today. Following accolades from IDC and Gartner, we look forward to pushing the boundaries even further and are excited to welcome Klippa’s talented team.” The transaction is subject to customary regulatory approvals. Yeelen Knegtering, Co-Founder and CEO of Klippa, commented: “The merger with SER Group is a huge growth opportunity for Klippa. It is already clear that together we will support new use cases and expand our international reach. Our technology and teams are closely aligned and highly complementary. That’s what makes this next phase so promising.” Yeelen Knegtering added: “For our amazing customers nothing changes. They can expect the same team, levels of service, products and innovation from us. Together with the amazing SER Management, we are going to further scale our products across the globe and push new innovations!” For Dan Lucarini, Senior Analyst at Deep Analysis, SER Group’s acquisition of Klippa is “part of the rush by ECM companies to catch up with AI”, as he writes in his analysis (with further insights into ECM and IDP, as well as Klippa itself). Dan concludes: “We think SER Group’s acquisition of Klippa is a smart move, positioning them to compete better in new IDP use cases against the IDP specialists. This will also help to keep current customers from defecting to another ECM platform.”
Hyland presents an evolution in its brand strategy
Intelligent content solutions provider Hyland has announced an evolution in its brand strategy, aimed at aligning with market needs by emphasizing AI-driven automation, cloud-native enterprise content intelligence, and enhanced user experiences. Becca Toth, Chief Marketing Officer at Hyland, explained: “With the exponential growth of unstructured data and rapid AI adoption, our new brand reflects this evolution — offering AI-powered content, process and application intelligence solutions that drive automation, unlock insights and fuel innovation for our customers.” She added: “From a marketing perspective, our new visual identity is all about digital innovation and empowerment. It reflects a bold, confident, and disruptive enterprise software company — much like the customers and employees who drive us forward.”
Box and DataBank announce a strategic partnership to provide organizations with smarter content management
The Intelligent Content Cloud Box and process automation and data solutions provider DataBank IMX have announced a strategic partnership to combine Box’s Intelligent Content Management (ICM) platform with DataBank’s deep expertise in process automation, workflow transformation and unstructured data management to help organizations reduce operational costs, automate processes and improve regulatory compliance. Chad VanNorman, Chief Technology Officer of DataBank, explained: “Box’s modern ICM platform transforms how organizations manage their content in the cloud, and our document processing services—whether through software or outsourced scanning—turn every document into a usable, actionable data asset. Our collaboration with Box enables us to offer a fully integrated approach to enterprise content management, helping customers quickly optimize costs, eliminate inefficiencies, and achieve greater compliance. With our combined expertise, organizations can confidently transition to modern, AI-powered content solutions.”
Cogniquest appoints new Principal NLP Engineer
Intelligent Document Processing vendor Cogniquest has announced that it has appointed Rohini Nookala as its new Principal Natural Language Processing (NLP) Engineer. Rohini Nookala brings more than 17 years of experience in computational linguistics and Al-driven product development, as well as deep expertise in building commercial Al solutions. Most recently, she was Technical Program Manager at the Samsung R&D Institute in Bengaluru, where she previously held the position of Senior Chief Engineer for almost a decade. Satish Grampurohit, Co-Founder and CEO of Cogniquest, commented: “Welcome to the team Rohini! We are super excited to have an AI expert with R&D experience like you as part of the exhilarating journey ahead.”
Alkymi announces a partnership with Google Cloud
Intelligent Document Processing vendor Alkymi has announced a partnership with Google Cloud to leverage their advanced infrastructure and technology, including Gemini models, Document AI, and Agentic AI. The IDP provider is rolling out the first GCP deployment in the Damman region of Saudi Arabia to meet stringent data security, privacy and compliance requirements. Harald Collet, CEO of Alkymi, explained: “Wealth and asset Managers are looking for ways to capture the full value of their investment data, transforming their data into a competitive advantage. We are excited to partner with Google Cloud to leverage AI technologies such as Gemini AI models within the workflows on our SaaS service and private clouds. Within the Middle East, Google Cloud’s powerful data sovereignty capabilities enable Alkymi to uniquely meet our clients strict data residency and security requirements, which has been an obstacle for many investment managers.”
📰Articles:
AI Agents for Intelligent Document Processing: The End of Manual Workflows
How are AI Agents transforming accounts payable, contracts processing and the insurance industry? Read this article by Akhil Sahai, Chief Product Officer at IDP vendor Kanverse.ai, to find out.
The Data Imperative: Agentic AI and the Necessity of Intelligent Document Processing in Insurance
In the insurance industry, compliance with regulations such as GDPR and HIPAA is critical, and neglecting data quality creates operational risks. “Insurance companies must prioritize IDP as a core component of their AI infrastructure next to Agentic AI,” says Sridhar G, Analytics Technology & Data Integration Lead at reinsurer SCOR. What does this entail? Find out in his article.
🎧Podcast:
Which Intelligent Document Processing market segments are growing the fastest?
Watch this 37-minute episode of the Deep Analysis podcast “We Love Ugly Data!” for some great insights into their recently published ‘Intelligent Document Processing Market Analysis 2025-2028’ report, including an answer to the question of how revenue in the IDP market is still increasing and where this growth is most notable among the sub-markets.
💡Opinion:
STAY TUNED: RPA vs. IDP: Technology Inflection that will Cannibalize a Whole Industry
“Even with the 400+ newcomer IDP providers in the marketplace, we are seeing a great shift to Agentic Al and a huge push by IDP manufacturers to diversify their tech stack to include RPA or robotics,” says Brent Wesler, Enterprise Software Solution Architect at Vital Records Control (VRC). Stay tuned for his opinion piece next week to find out more.
🎥Upcoming Webinars:
March 26, 2025, 3 pm CEST: Boosting Working Capital: Why Intelligent Document Processing is a Must Today
If you are a Chief Financial Officer at a company in the US, UK or Germany and need solutions to modernize your financial systems, register for this webinar from Rossum to learn how Intelligent Document Processing will transform your financial operations.
March 27, 2025, 1 pm EST: The Convergence of Records, Information, and Data Governance
Register for this AIIM Florida Chapter webinar presented by Steve Weissman, Founder and CEO of Holly Group. He will explain what is driving the convergence of data and information and how your organization can make the most of it.
📆Upcoming Events (in-person):
March 31 – April 2, 2025: AI+IM Global Summit 2025 in Atlanta, US
There are only a few seats left at the AI+IM Global Summit in Atlanta, hosted by AIIM (The Association for Intelligent Information Management) – secure your ticket now! Over 2.5 days, you’ll gain practical insights on how to succeed with AI, with sessions such as “Digital Transformation Starts at Capture: Converting Paper into AI-Ready Data” by Scott Francis of Ricoh, and many more.
April 1 – April 2, 2025: ABBYY AI Summit 2025 in Vienna, Austria
IDP vendor ABBYY recently announced its three-part events series ‘AI Summit 2025’. ABBYY will kick off the first event in Vienna, Austria, bringing together industry leaders, visionaries and experts to redefine how AI is transforming organizations and driving the future.
April 2 – April 3, 2025: Crawford Technologies 2025 Industry Summit in Chicago, US
Register for the 2025 Industry Summit hosted by Crawford Technologies where the software solutions and services provider will bring together end users, analysts, consultants, and industry experts to share best practices and trends.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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