02.02.2009 13:58:00
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Omtool Continues Legal Sector Expansion with New Customers and Advancements its AccuRoute® Product Suite
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.
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