Captiva Software Corporation announced it closed its previously announced agreement to acquire SWT SA, a leading provider of automatic data extraction and intelligent document capture solutions and technology in France. The acquisition extends Captiva’s market presence, strengthens Captiva’s mailroom and invoice processing expertise, and brings advanced classification and data extraction technologies that Captiva can leverage into its products, customer base and channels. In accordance with the agreement, Captiva paid approximately $17.6 million in cash and issued approximately 179,000 shares of Captiva common stock to SWT management, to purchase all outstanding shares of the privately held SWT.
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