Oakland-Based Data Technology Company Recognized as "Software as a Service Startup of the Year"
OAKLAND, Calif., July 23, 2015 /PRNewswire/ -- Captricity, a provider of enterprise-class data access solutions, today announced that it has been honored with the prestigious Stratus Award by the Business Intelligence Group. The company was named "SaaS Startup of the Year" for its B2B cloud-native platform - enabling customers to extract business-ready customer data from various sources, including handwritten documents, to streamline operations and reduce dependencies on expensive and inefficient manual data entry services.
"The underlying theme in this year's Stratus Award program was 'operational excellence'," said Russ Fordyce, Managing Director for the Business Intelligence Group. "Each and every winner showed our judges how their innovations and execution strategies led to superior customer experiences and greater adoption of cloud-based services."
Captricity's "Data as a Service" (DaaS) platform has seen continued success in 2015, particularly within the insurance and healthcare sectors, and notably added 5 of the top 10 U.S. life insurance companies to its customer roster.
"We are honored to receive the 2015 Stratus Award and view this latest milestone as further validating our position as a leader and innovator in the Data as a Service space," said Tim DaRosa, vice president of marketing at Captricity. "Over the past few years, Captricity has experienced amazing growth and we remain dedicated to helping our customers access previously untapped data sources, creating opportunities for meaningful change across their organizations."
"Cloud technology is clearly revolutionizing how organizations access, interact with and analyze growing volumes of customer data," added Russ Fordyce. "With the three most popular criteria of big data vendors being integration, security and ease of use, it's clear to see the advantages that cloud computing has to offer in all three of these areas. We are proud to recognize Captricity for their work in helping to accelerate and develop the adoption of cloud-based services in the area of data management."
About Business Intelligence Group
The Business Intelligence Group was founded with a mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, real business people with experience and knowledge judge our industry awards programs. The organization's proprietary and unique scoring system selectively measures performance across multiple business domains and rewards companies whose achievements stand above those of their peers. http://www.bintelligence.com/
Captricity is the first cloud-native data management platform to capture and convert data generated by paper forms and documents - including handwriting - into business-ready information with an industry-leading accuracy rate of 99.9 percent. Captricity's award-winning, crowd-guided machine learning technology extracts data from any source - paper documents, scans, faxes, emails, call centers and web forms - and connects automatically to backend systems without changing the way organizations work. Captricity serves a broad range of markets, including insurance, healthcare, government, education and nonprofits. To learn more, visit:www.captricity.com