Ancora Software Acquires eDocument Solutions

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SAN DIEGO – July 24th 2017 – Greatly expanding its reach and solutions delivery capabilities, Ancora
Software has acquired eDocument Solutions, a systems integration firm focused on the financial services
market. Ancora is a developer of Intelligent Document and Data Capture software. eDocument Solutions
has extensive experience in the Document Capture and ECM markets.

“There is a tremendous opportunity in the Financial Services market for Intelligent Document and Data
Capture,” said Noel Flynn, CEO of Ancora. “We have had an interest in penetrating that space for some
time, and this acquisition will propel us forward. eDocument Solutions’ install base includes multiple
enterprise-level Financial Services institutions. They have built a strong reputation and proven their
ability to deliver complex solutions.”
eDocument Solutions flagship offering, Guidance™, can be configured to address multiple applications in
the Financial Services market, including mortgage lending, wealth management, and insurance. It can be
delivered either on-premises or through a secure cloud model. Ancora also offers its software through a
hybrid approach and specializes in invoice and general document capture.
Both companies are based in Southern California’s fertile technology hub. As a result of the acquisition,
Ancora will employ more than 40 people in the areas of Product Development, Sales & Marketing,
Implementation and Customer Support. “We will use our combined resources to grow our Intelligent
Document and Data Capture solutions business, particularly by marketing our Accounts Payables
automation software within the Financial Services marketplace.”
“We’re dedicated to helping our customers meet their goals and be more successful,” said Flynn. “No
matter the industry or the problem, we are committed to bringing Intelligent Data Capture solutions to
market that are easy to use, easy to implement and easy to support and at the same time priced at a
price point where any business can afford it. Our product enhancements and new releases are driven by
feedback from our customers. The result is that no other Intelligent Data Capture vendor matches our
simplicity and pace of innovation. This benefits customers in the form of original products that solve
their real world operational problems.”

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