SSNC - SS&C To Acquire Captricity For Machine Learning OCR Tech
Quick Take
SS&C Technologies Holdings (SSNC) has announced the proposed acquisition of Captricity (dba Vidado) for an undisclosed amount.
Captricity has developed handwriting and machine-printed data extraction from paper technologies for enterprises.
With the deal, SSNC will add machine learning-powered OCR technologies to its business process outsourcing offerings and AWD platform.
SSNC looks fully valued at its current level, especially given Q2 2020’s likely sharp contraction ahead followed by a slow recovery for the remainder of 2020, so my bias is Neutral.
Target Company
Oakland, California-based Captricity was founded to develop machine learning