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CPTV Captiva Software (MM)

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Share Name Share Symbol Market Type
Captiva Software (MM) NASDAQ:CPTV NASDAQ Common Stock
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Leading Outsourcer Expands Use of Captiva's Input Management Solutions; Cendris to Leverage InputAccel and FormWare to Extend It

16/08/2005 12:30pm

Business Wire


Captiva (NASDAQ:CPTV)
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Captiva Software Corporation (NASDAQ:CPTV), a leading provider of input management solutions, today announced that Cendris, a leading international business process outsourcer (BPO), has expanded its use of Captiva's solutions in order to increase efficiency and gain competitive advantage. Cendris' German subsidiary has selected to implement InputAccel(R) and FormWare(R), Captiva's award-winning document capture and forms processing software, to replace its previous system to scan, index and capture information from more than 200 million documents annually for its customers. "Cendris's German subsidiary needed input management solutions flexible enough to meet the constantly changing requirements of its expanding customer base," said Daniel Vaniche, Captiva's Vice President of Field Sales and Operations in Europe, Middle East and Africa (EMEA). "In addition to the positive feedback it received from its International offices utilizing our solutions, Cendris Germany conducted a detailed evaluation and selection process. It chose InputAccel and FormWare over other solutions on the market due to the solutions' flexibility, scalability and open platforms." "An important factor behind our selection was the solutions' abilities to perform both centralized and decentralized capture," added Ingmar Bergman, Managing Director of Cendris Deutschland GmbH. "As we support connections to all of our customers' applications, a key competitive advantage for us is our ability to offer additional decentralized scanning services to some of our larger, geographically dispersed customers." InputAccel transforms mission-critical data from paper and faxes into business-ready digital content. FormWare manages business-critical information from forms, documents and electronic data streams into enterprise systems. By delivering accurate, timely and usable data, InputAccel and FormWare offer users reduced operational costs, improved information quality and accelerated business processes. About Cendris Based in the Netherlands, Cendris is a business process outsourcing partner specializing in document capture, processing and delivery for companies throughout Europe. Its customers include large financial service providers, telecom companies and major commercial and industrial enterprises. Cendris has offices throughout the Benelux countries, the United Kingdom, Germany and Central Europe, and employs more than 4,000 people. As a subsidiary of the TNT Group, Cendris draws on more than 20 years of experience to offer the highest standard of quality and innovation for its customers. For more information, visit www.cendris.com. About Captiva Captiva Software Corporation (NASDAQ: CPTV) is a leading provider of input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, manufacturing and other markets. For more information, visit www.captivasoftware.com. InputAccel and FormWare are registered trademarks of Captiva Software Corporation. All other trademarks or registered trademarks are the property of their respective owners. This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of the benefits of new products or market trends, any projections of earnings or revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed or new products, services or developments; any statements regarding future economic conditions or performance; and statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of the Company's products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. These and other risks and factors that could cause our results to differ from those expressed or implied by such forward-looking statements are described in Captiva Software Corporation's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements.

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