In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
Altilia announces that TXT Group acquires minority stake in company with options for 100%
Intelligent Document Processing vendor Altilia has announced that IT solutions and services provider TXT Group has acquired a minority stake in the company. The initial investment consists of a €1 million capital increase, resulting in approximately 10% equity interest in the IDP vendor. The transaction is expected to close in the third quarter of 2025. In addition, TXT has the option to increase its stake to up to 100% over time. Nicola Cordone, Managing Director of TXT’s Digital Finance division, explained: “This strategic investment strengthens TXT’s position in the Financial Services vertical, expanding our ability to deliver cutting-edge digital transformation projects. The integration opportunities across our Digital Advisory, Smart Solutions, and Software Engineering units are substantial and immediately actionable.” Altilia commented: “We share with TXT a common vision of ethical, transparent artificial intelligence that truly serves people. A technology designed to simplify work, boost productivity, and meaningfully support companies in their daily operations. The investment will accelerate the development of our Altilia Intelligent Automation™ platform, enhancing AI functionalities based on intelligent agents capable of automating the management of large volumes of documents and data.” Massimo Ruffolo, Founder, CEO & CTO at Altilia, added: “This strategic alliance accelerates our growth, combining TXT’s industrial strength with our AI innovation. Together, we’ll advance ethical, transparent AI that simplifies work and boosts productivity across sectors like finance, legal, insurance, PA, manufacturing, and healthcare.”
Cogniquest joins forces with Docusign
Intelligent Document Processing vendor Cogniquest has announced a strategic partnership with Docusign to enhance enterprise document intelligence and automate agreement workflows. This collaboration combines Cogniquest’s IDP capabilities with Docusign’s e-signature and agreement cloud platform. Thanks to this strategic partnership, Cogniquest will integrate its specialized AI for complex table extraction and Know Your Business (KYB) automation into Docusign’s Intelligent Agreement Management (IAM) platform. Satish Grampurohit, Co-Founder and CEO of Cogniquest, commented: “We’re excited to partner with Docusign, a global leader in Intelligent Agreement Management. Our AI technology adds deep capabilities in complex table extraction and KYB automation to their already powerful platform. At the same time, Docusign’s infrastructure and global reach enhance our own vertical solutions, especially in compliance-heavy workflows like KYB and customer onboarding. This is a true two-way partnership – one that brings together the best of intelligent document understanding and agreement automation to deliver greater value to enterprise clients.”
Deep Analysis tracks more Intelligent Document Processing companies than ever before
Analyst firm Deep Analysis has published an article in which Dan Lucarini Senior Analyst at Deep Analysis, examined the global IDP market: The analyst firm currently tracks 456 companies with an IDP product or feature, marking a 15% increase over the previous year. While the majority of the market revenue (55.9%) still comes from pure-play IDP vendors, there are also other categories such as Document AI from hyperscalers that are rapidly gaining market share. For this reason, Dan Lucarini has segmented the global IDP market into seven different categories: IDP products, Document AI, automation, DM/ECM/KM, business applications, unstructured data, and services. Dan’s five main reasons for the sheer number of IDP vendors: 1) “Documents are vastly diverse and endlessly variable and, despite vendor claims and dreams, no single platform or product can do it all.”; 2) “The proliferation of IDP cloud APIs has also made it much easier to add IDP functionality into a workflow or business application.”; 3) IDP founder stories such as “We came across a business that was getting less than 50% accuracy from the installed solution and we got them to 95% with our AI! So, we started a company.”; 4) “With the rise of LLMs and RAG (retrieval-augmented generation), businesses are finally realizing the urgency of extracting good information from their unstructured data. Several companies have emerged to focus on this new market demand.”; 5) “IDP is a multi-billion-dollar market with solid growth potential. We estimate the market could double within the next four years.”
Tungsten Automation promotes Peter Hantman to CEO and appoints Robert Watson as CFO
Intelligent Document Processing vendor Tungsten Automation has announced that Peter Hantman has been promoted to Chief Executive Officer. He succeeds long-time CEO Reynolds C. Bish, who will continue to serve as Executive Chairman of the Board. Peter Hantman joined Tungsten Automation in November 2023 as President and Chief Operating Officer. Peter Hantman commented on his new role: “I’m honored to become Chief Executive Officer at such an important time in our customer’s transformation to GenAI enabled document and workflow automation. Tungsten Automation has built a strong foundation of customer trust, partner collaboration and dedicated employees at scale, and I look forward to continue accelerating value creation for our customers, partners, employees and shareholders.” In addition, Tungsten Automation has announced the appointment of Robert Watson as its new Chief Financial Officer. Robert Watson joins Tungsten Automation from software and services company Athenahealth, where he most recently served as interim CFO. Robert Watson commented on his new role: “I’m excited to join Tungsten Automation at this pivotal moment in its growth journey. The opportunity to contribute to a high-performing company and help scale operations globally is incredibly energizing.”
Indico Data expands its Data Enrichment Agents
Intelligent Document Processing vendor Indico Data has announced the expansion of its Data Enrichment Agents. Key benefits include embedded data access (to unlock exclusive and third-party data sets), automatic filling of missing data (improved capture and decision-making workflows with enriched real-time data tailored to underwriting and claims processing requirements), a flexible provider ecosystem (for seamless integration with leading data providers while enabling custom connections to customer-preferred sources), and proprietary data at a lower cost (a growing catalog of enriched data provides differentiated insights at a significantly more attractive price). Tom Wilde, CEO at Indico Data, explained: “With Enrichment Agents, our customers get immediate access to the data they need, right where they need it. We’re not just reading documents. We’re enriching them with the insights underwriters need to act instantly. It’s how decisioning moves from reactive to proactive. The result is faster turnaround, better decisions, and real business impact, all without the complexity of managing fragmented data sources.”
Parascript launches new check stock verification solution
Intelligent Document Processing vendor Parascript has announced the launch of CheckStock.AI®, its new check stock verification solution that combines image analysis and pattern recognition to accurately detect counterfeit checks, alterations, or the use of unauthorized stock designs. Emiliano Giacchetti, CEO of ParaScript, explained: “Check stock verification is a critical method for preventing check fraud. Our multi-layered verification approach gives financial institutions a faster way to verify the integrity of the checks and documents they process, helping them better protect customers from costly fraud, while freeing up resources to focus on growth and delivering exceptional service.”
d.velop nominates Martin Greiwe as spokesperson of the board (DE only)
Intelligent Document Processing provider d.velop has announced that the supervision board has nominated Martin Greiwe as the new spokesperson of the board, effective July 1, 2025, to strategically represent the company in Germany and Europe for the departments of Sales, Marketing, and Partner Management. Since July 2024, Martin Greiwe has been responsible for Sales and Marketing at d.velop.
ancora Software reports strong Q2 and record-breaking June
Intelligent Document Processing vendor ancora Software has reported robust growth in Q2 2025, winning 83 new customers (77 of which signed multi-year SaaS contracts) and highlighted by a record-breaking revenue in June. The company’s Intelligent Document Processing platform continues to gain market traction, driven by increasing demand for automation and AI-powered data extraction. Nick Bova, Vice President of Sales & Marketing at ancora Software, commented: “We are incredibly proud of these achievements. This sustained momentum is a testament to the hard work and dedication of our talented employees and the continued trust of our valued partners. Together, we are delivering real value by helping organizations streamline and automate their most complex document-driven processes.”
💻On-demand Webinar:
Best practices and new features from the Netfira platform
Check out this on-demand webinar as Intelligent Document Processing vendor Netfira presents the latest features and tools that have recently been introduced, as well as best practices that will help users get even more out of the Netfira platform in their day-to-day business.
💡Opinion:
The Evolution of Intelligent Document Processing (IDP)
The era before IDP, the automation layer, the advent of AI, HITL and active learning, today’s IDP, and the future of IDP: Ashik Wani, Founder and CEO of DocAcquire, provides a detailed insight into the evolution of Intelligent Document Processing.
🎥Upcoming Webinar:
July 16, 2025, 12 pm EST: How IDP is Revolutionizing Information-Intensive Industries
Register now and learn how IDP can transform your organization’s document management while enhancing efficiency, accuracy, and competitive advantage. Join our friends at AIIM to see how – including a keynote from Dan Lucarini, Senior Analyst at analyst firm Deep Analysis.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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