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SS and C Acquires Captricity, Adding Vidado Technology to Digital Data Transformation Platform
Thursday 26 March 2020

26 March 2020 - US software provider to the financial services and healthcare industries, SS and C Technologies Holdings, Inc. (NASDAQ: SSNC), has agreed to acquire California-based Captricity, the producer of Vidado data transformation platform, to complement SS and C's business process outsourcing services, the company said.
Terms of the transaction were not disclosed.
Regulated enterprises in the insurance, financial services, pharmaceutical and healthcare industries use Vidado technology to automate paper-to-digital data extraction as a component of their digital transformation.
The SaaS machine learning solution enables enterprises to achieve significant cost savings and accelerate the automation of business processes.
Captricity offers an enterprise-grade machine learning solution that enables fast, scalable and highly accurate extraction of handwritten and machine-printed data from paper documents.
SS and C Technologies is a global provider of services and software for the financial services and healthcare industries.
Date Published: 26/03/2020