| Leader in document capture and routing to demonstrate product and partner-based advancements at LegalTech(TM) in New York City and the Legal IT Conference in London
ANDOVER, Mass.--(BUSINESS WIRE)--
Omtool,
Ltd. (OTCBB:OMTL), a leading provider of document capture and handling
solutions, today announced the expansion of its legal portfolio at LegalTech
in New York as well as at the Legal IT Conference in London later this
week. Omtool has added a variety of new customers to its base of more
than 250 legal customers, which includes about 50 percent of the top 100
U.S. law firms. Additionally, the company has expanded its AccuRoute
product line and its legal product suite, with the delivery of a new XML
Store Connector, Barcode Data Extractor, and the AccuRoute DMS
Conversion Tool.
“The legal market has been - and will continue to be - an important
market for us,” said Karen
Cummings, executive vice president of sales and marketing for
Omtool. “That is why industry events such as LegalTech are important
venues for us. It gives us an opportunity to work firsthand with legal
professionals to better identify and address customer pain points and
document capture needs.”
Also at LegalTech,
Omtool and Interwoven
will co-sponsor the fifth-annual CIO Luncheon entitled, “Integrated
Legal Solutions = Optimized Value, Decreased Costs,” highlighting the
strength of fully integrated solutions to increase productivity of
employees, document accessibility, and management, while delivering a
significant and measurable return on investment.
In parallel at their LegalTech booth (# 321-325), the company will be
demonstrating the latest innovations of its legal product suite. Some
new features include:
-
XML Store Connector – A new
product extension integrating scanned metadata into any enterprise
content management (CM) and document management systems (DMS) that can
accept XML-based files, greatly extending the reach of AccuRoute
product integrations.
-
Barcode Data Extractor –
AccuRoute can locate and process barcodes embedded in image files. It
efficiently detects, reads, and captures standard barcode (1D and 2D)
data, passing it through to other applications as metadata for that
document.
-
DMS Conversion Tool – This
powerful and flexible batch processing program identifies and extracts
image files from Interwoven Worksite® (for example), converts them to
text-searchable PDFs, and re-saves them into the DMS.
“When you consider that a typical office worker spends at least 40
percent of his time looking for information, it’s easy to see the
importance of a system that enables them to easily access relevant
information, in a timely manner,” said Cummings. “Further, understanding
the legal community and its document-intense processes with the hundreds
of documents that are filed daily, it is no wonder that so many law
firms turn to Omtool to help manage the capture and routing of these
important materials.”
“Legal documents and electronic records are precious company assets and
must be tracked and routed with the utmost care,” said Lorey Arthur
Hoffman, chief information officer at Akin Gump Strauss Hauer & Feld
LLP. “We chose Omtool’s AccuRoute legal suite of products, not only for
the breadth and depth of its functionality, but also because of the
company’s deep expertise in the legal field. Omtool understands the
nuances of what we do and knows how to handle our documents and eRecords
properly.”
In addition to Akin
Gump Strauss Hauer & Feld LLP, Omtool continues to make strides
in the legal vertical market adding new customers such as, Burnham
Brown PLC, Leydig, Voit & Mayer. Ltd., Sonnenschein
Nath & Rosenthal LLP, and Taylor
Wessing LLP, to name a few.
In addition to LegalTech, Omtool is also attending the Legal IT
Conference, Feb. 4-5 in London (stand #66). More information on this
event can be found at http://www.icbi-events.com/legalitshow/.
About AccuRoute
Omtool's acclaimed AccuRoute streamlines the capture, conversion,
communication, and archiving of paper and electronic documents for
organizations of all sizes. This server-based document handling platform
provides fast, secure, and simultaneous document distribution to
multiple destinations in multiple formats enabling organizations to
perform complex document management tasks more efficiently. Designed for
distributed enterprise document routing and accessible from any desktop
computer or network-enabled scanning device (including digital MFP
copiers), AccuRoute makes documents immediately accessible where and
when they are needed. The result: organizations enjoy faster, more
efficient document workflows, while reducing associated costs,
complexity, and risk.
About Omtool, Ltd.
Omtool, Ltd. is a leading provider of document capture and handling
solutions that simplify the integration of paper and electronic
documents in enterprise information management systems. Its flagship
product family, AccuRoute, streamlines the capture, conversion,
communication, and archiving of paper and electronic documents, enabling
fast, secure, and simultaneous distribution to multiple destinations in
multiple formats. Available at any network-enabled scan device or from a
user's desktop computer, AccuRoute provides faster, more efficient
workflows, while reducing costs, complexity, and risk. Omtool solutions
are used worldwide by businesses in document-intensive industries that
demand secure handling, integration, and tracking of documents in full
compliance with a range of regulatory requirements. Based in Andover,
Mass., with offices in the United Kingdom, Omtool can be contacted at
1-800-886-7845 or www.omtool.com.
This press release may contain forward-looking statements, including
statements regarding Omtool's future financial and operating
performance; customer interest in and acceptance of Omtool's products;
long-term sales strategy; distribution channels; and the future plans of
Omtool's management. These forward-looking statements are neither
promises nor guarantees, and are subject to risk and uncertainties that
could cause actual results to differ materially from the expectations
set forth in these forward-looking statements, including but not limited
to, risks associated with Omtool's business, including introduction of
new product offerings, concentration of all products in the electronic
document exchange market, focus on specific vertical markets; Omtool's
strategic focus on new vertical markets; and those other risk factors
described in Omtool's periodic reports and registration statements as
filed with the Securities and Exchange Commission. Reported results
should not be considered an indication of future performance. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Omtool undertakes no
responsibility to update any such forward-looking statements.
Source: Omtool, Ltd.
Omtool, Ltd. Karen Cummings, 978-327-5707 kcummings@omtool.com or For
Omtool, Ltd. PAN Communications, 978-474-1900 omtool@pancomm.com
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