Parascript Announces Expansion In Latin America

Leading document capture company announces new version of recognition software and expanded partner presence

Longmont, CO /PRNewswire-iReach/ - Parascript®, LLC, a leading document capture company, today is announcing it is expanding its focus in Latin America. The company is forging new partnerships in the region and releasing a new version of its flagship FormXtra® and FormXtra Capture software for Brazilian Portuguese and Spanish languages, enabling organizations to more easily obtain and verify information from applications and virtually any type of document or form.

The new FormXtra technology will enable organizations to read machine print and handwriting from documents, and give them the ability to verify signatures all in one inclusive software package.

Parascript has also signed on Ecuador-based Solsoft, which offers solutions to process images and documents such as deposits and checks for the clearing house and debit and credit card industries. Additionally, it is announcing Brazil-based system integrator Netz Tecnologia Ltda, as a partner.

"We are excited to partner with Parascript to offer a complete solution that reads machine print, hand print and cursive and includes full document processing for all types of forms and applications," said Martha Riofrio, chief operations officer at Solsoft. "We see the technology as an opportunity to increase customer service and offerings and boost our competitive edge in the burgeoning Latin American market."

Parascript is also working with Novosit, a Dominican Republic-based system integrator specializing in document management consulting and services, to integrate its technology into bank applications, and ECM Chile, reselling the FormXtra Capture software in the Chilean market.

"At Parascript, we strive to be the leader in recognizing all types of information on forms and documents. We are excited to grow our presence in one of the fastest growing markets in the world and to give partners in Latin America a single solution capable of processing most document types," said Dwayne Ritchie, Parascript's senior vice president of sales and marketing.

Parascript's FormXtra development platform and FormXtra Capture application are available for sale in Latin America. For more details, email partner@parascript.com

About Parascript, LLC
A leading document capture company, Parascript develops solutions that read information from forms and documents. The company's advanced recognition technology processes virtually any document format and text type (handprint, machine print, cursive, marks and more), providing fast, reliable access to information and transactions. Fortune 500 companies, postal operators (including the U.S. Postal Service), major government and financial institutions rely on Parascript software, which is distributed through its OEM and value added reseller networks, including partners such as IBM, EMC, Bell and Howell, Fiserv, Selex Elsag, Lockheed Martin, NCR, Siemens, and Burroughs. www.parascript.com.