Content automation company SER Group today announced the acquisition of intelligent document processing (IDP) AI company Klippa.
As enterprises increasingly seek to automate document processes to enhance efficiency, productivity and scalability, the growth of IDP as an enterprise software category has skyrocketed, supercharged by the evolution of deep learning and generative AI.
“Customers are searching for ever-smarter and more cost-effective ways to automate the understanding and processing of documents – from financial and identification documents to shipping and customs documentation,” says Dr John Bates, CEO of SER Group.
“With this acquisition, we are adding Klippa’s intelligence to the Doxis platform to create the most comprehensive next-generation, AI-powered ECM and IDP offering available to enterprises today.”
Since its founding in 2015, Klippa has demonstrated high growth and profitability, helping global enterprises such as Eurofins, SNCF and Siemens save time, reduce costs, and prevent errors and fraud. Klippa’s DocHorizon is a cloud-based AI platform that digitises and automates document-centric workflows.
The platform allows users to visually design AI workflows and seamlessly integrate them with data flows across enterprise applications.
“Joining forces with SER Group represents a huge growth opportunity for Klippa,” says Yeelen Knegtering, CEO of Klippa.
“By bringing our solutions together, we will unlock new use cases and provide even higher automation rates to enterprise customers around the globe. The next phase of this journey is incredibly exciting.”
The transaction is subject to customary regulatory approvals.
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