BP3 Global, an Austin, Texas based provider of automation services and solutions, today announced that it has acquired transformAI, a San Jose, CA based automation solution provider specializing in intelligent document processing (IDP), combining robotic process automation (RPA) and artificial intelligence (AI).
BP3 CEO Scott Francis: “Intelligent document processing is a rapidly growing market – over 70% in the last three years – and with this acquisition, BP3 and transformAI are well positioned to provide IDP solutions and to grow with the market. The addition of transformAI’s capabilities will only accelerate our work.”
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“We’re delighted to join forces with the transformAI team – they share our passion for bringing a faster way to do document processing and RPA, and they share our focus on taking care of clients.
The acquisition of transformAI adds Intelligent Document Processing capabilities to BP3’s existing Intelligent Automation business, including solutions for accounts payable, three-way match for purchase orders, and insurance claims processing. transformAI uses its FastTrack API library to connect to Workday and Oracle for AP Invoices and several different insurance carriers. Currently, transformAI provides the largest hosted IDP managed service solution in North America. BP3’s existing solutions focusing on medical records and mailroom operations will be further enhanced by transformAI’s Sherpa software for managing document pipelines.
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“We couldn’t be more excited to join BP3. The synergy of transformAI’s IDP enabling tech such as Sherpa™ along with BP3’s global footprint and AI capabilities provide a whole new level of value for our customers. Our expertise with Automation Anywhere’s IQBot fits perfectly with BP3’s IDP go-to-market strategy. It is a great fit. It brings new value for our current clients, and enables us to bring our solutions to new markets.” said transformAI CEO Lee Coulter.
BP3 CEO Scott Francis focused on the value the acquisition will provide to customers. “We’re delighted to join forces with the transformAI team – they share our passion for bringing a faster way to do document processing and RPA, and they share our focus on taking care of clients. The whole transformAI team shares BP3’s principles of More Focus, More Foresight, and More Follow-Up and we could not be happier to have them onboard.”
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