Ephesoft whips out its cloud hyperextender
When the going gets tough, the tough take to the cloud.
The new technology enables Ephesoft Transact users to optimise their on-premise solution by more than 10x, bringing processing speeds up to 2,500 pages per minute to satisfy instances of peak demand.
An add-on application, the Cloud HyperExtender combines high-performance cloud image processing with Transact’s supervised machine learning, shifting processing intensive optical character recognition (OCR) operations to the cloud once documents are captured on-premise.
After processing, the documents are returned to the on-premise system for classification, extraction, validation, and export.
The solution is designed to help companies meet peak demand which “stress(es) the infrastructure for document intelligence,” the company says.
Retailers experiencing surges in invoices and credit card applications during shopping holidays and tax preparation companies managing heavy processing during tax season are among the examples of how the technology can be deployed.
Ephesoft’s founder and CEO Ike Kavas says: “This first-to-market offering provides the best of both worlds. As the world’s first hybrid capture microservice, this product maximises efficiency and profitability for our customers and epitomises our vision to lead the market to the cloud.”
The firm has hundreds of customers in more than 50 countries who rely on the company’s technology – including its Ephesoft Insight document analytics and business intelligence solution – to become more productive and efficient, as well as boost ROI.
Ephesoft has raised $15 million in funding, courtesy of a Series A round led by Mercato Partners.
Founded in 2010, the company is headquartered in Irvine, California with offices in the UK, Germany, France, Australia, Singapore, and Italy.