Ephesoft Announces Strategic Investment and Technology Development Agreement with In-Q-Tel

Strategic Partnership with In-Q-Tel Will Bring Advanced Document Analytics to the U.S. Intelligence Community

IQTLaguna Hills, Calif., May 31, 2016 – Ephesoft Inc., creators of the industry-leading Smart Capture® advanced document capture platform, today announced a strategic partnership with In-Q-Tel (IQT), the investment organization that identifies innovative technology solutions to support the mission of the U.S. Intelligence Community.

Ephesoft Insight is a powerful Document Analytics platform that utilizes a combination of Hadoop for clustering multiple PCs to act as a single “supercomputer” with Apache Spark, an open source technology that accelerates data processing by loading data from memory. The result is a combination of high-volume and velocity that enables Insight to identify unstructured content faster and more accurately than any other system.  Organizations can now unlock the 80 percent of information that is often trapped in an unstructured format

“The Ephesoft solution applies machine learning techniques towards the problem of accurately extracting data from essentially unsearchable documents” said George Hoyem, Partner, Investments at IQT. “This capability may allow the Government to quickly unlock valuable data from millions of documents, save on storage costs, and enable enterprise visibility into trapped data.”

“IQT’s investment in our company and technology platform validates our approach to leverage machine learning to tap into the valuable data trapped in massive unstructured content repositories,” explained Ike Kavas, Ephesoft’s Chief Technology Officer. “Ephesoft Insight changes the information model of amassing content to an innovative model of gaining insight from content through normalization, discovery, mining and predictive analytics.”

 

About Ephesoft:

Ephesoft, Inc. delivers our exclusive Smart Capture® intelligent capture technology on-premise or in a SaaS model. With a focus on efficiency and reliability, Ephesoft has crafted the next generation of intelligent document capture in a simple and cost-effective application. Our superior classification technology allows organizations to automate and streamline mailroom processing and other document-based business processes. Ephesoft is headquartered in Laguna Hills, California, with regional offices throughout the U.S. and Europe.  The company is undergoing rapid growth and has customers in over 30 countries.  To learn more, please visit http://ephesoft.com.

About IQT

In-Q-Tel is the not-for-profit, strategic investment organization that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, startups, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community. For more information, visit www.iqt.org.

© 2016 Ephesoft. Smart Capture is a registered trademark.

 Media Contact:

Tim Dubes
+1 949 335 5335 ext.501
tim.dubes@ephesoft.com