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Ripcord Acquires OCR, Document Understanding Technology LearningPal.

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Vincent

MANews-(C)2009-2022

US-based robotic digitization and document intelligence company Ripcord has acquired California-based machine learning-native Optical Character Recognition and Document Understanding technology LearningPal, the company said.

Ripcord said the acquisition furthers its broader objective of providing organizations with a frictionless and scalable document-to-data experience and accelerating their digital transformation.

With the integration of LearningPal's technology, Ripcord customers will see many benefits, including enterprise scale native Japanese language extraction capabilities, plus ability to rapidly expand into other languages and markets.

The company will also offer improved large format document processing, which typically requires extensive memory and...

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