SOURCE: ReadSoft North America

ReadSoft North America

February 11, 2010 08:05 ET

ReadSoft and KnowledgeLake, Inc. Partner to Deliver World-Class Automated Invoice Processing and Document Classification to SharePoint ECM Market

NEW ORLEANS, LA--(Marketwire - February 11, 2010) - KnowledgeLake Inc., the market leader in developing document imaging and capture products for Microsoft SharePoint based Enterprise Content Management (ECM) solutions, has teamed up with ReadSoft North America, a leading provider of global document process automation solutions, to help customers achieve their full potential by combining world-class technologies.

Following a global search for partners, KnowledgeLake recognized ReadSoft's advanced capture expertise as a pivotal instrument for delivering automated invoice processing and advanced document classification for SharePoint ECM to new markets. Through a strategic alliance with ReadSoft, KnowledgeLake can deliver end-to-end solutions to compete in the higher end of the marketplace while offering best-in-class solutions to its traditional customers.

As a premier supplier of Microsoft SharePoint Integration to the ECM market, KnowledgeLake provides ReadSoft with innovative technology to ultimately enable organizations of any size to leverage SharePoint to solve today's complex business problems. The partnership ultimately provides the marriage of best-in-class capture and ECM solutions, opening the respective partners to new markets and providing customers with expanded value.

"We immediately recognized the value of ReadSoft's experience in the advanced capture market relative to our own growth strategy," said Ron Cameron, Chief Executive Officer of KnowledgeLake. "Their participation in our 2010 Sales Summit only reaffirmed our initial findings as our solutions work closely together to deliver best-of-class technologies."

"I am very excited about the real business compatibility of this partnership that results in considerable expanded value to the customers of the combined solutions," comments Bob Fresneda, President of ReadSoft North America. "There is a unique synergy between our products, market, and executive teams that will translate into long-term success."

About KnowledgeLake, Inc.:

KnowledgeLake, Inc. develops document imaging, document capture and workflow products and solutions for Microsoft® SharePoint®. KnowledgeLake's suite of products extend SharePoint into a comprehensive ECM solution that enables businesses to reduce mailing costs, streamline operations and achieve regulatory compliance using familiar Microsoft products that most businesses already own and use. These products provide a low cost, low risk, easy to implement alternative to legacy ECM solutions and enable a quick return on investment. KnowledgeLake products and solutions are deployed globally in thousands of organizations in many different horizontal and vertical industry sectors. For more information please visit

About ReadSoft:

ReadSoft is the global leader in the development and sales of a complete product platform for Document Process Automation. With thousands of customers on a global basis, ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA.

Established in 1991, ReadSoft was first to bring free form technology for invoice processing to market and first to achieve certifications to enterprise resource planning systems such as SAP and Oracle. ReadSoft has become the global technology leader, with operations in 16 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. ReadSoft's vision is to free businesses everywhere from manual document handling. For more information please visit

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