Duco, the leading SaaS provider of AI-powered data automation, has recently completed the strategic acquisition of Metamaze, a fast-emerging name in the unstructured data ingestion and Intelligent Document Processing (IDP) space.
The acquisition, though its financial details remain undisclosed, is aimed at consolidating Duco’s market position by integrating Metamaze’s pioneering AI and no-code solutions. This merger is expected to transform operations and finance departments by significantly reducing the reliance on manual data entry and processing, a persistent challenge across industries.
Duco stands out as a trailblazer in the FinTech sector, offering robust, AI-driven solutions to streamline data processing across various business operations. Its platform’s agility and precision in handling structured data have set industry benchmarks.
On the other hand, Metamaze brings to the table its advanced IDP platform. Metamaze’s expertise lies in its adaptive, AI-powered platform capable of self-learning and interpreting unstructured data from diverse document types, thereby enhancing operational efficiency and data accuracy.
The synergy between Duco and Metamaze is poised to redefine data processing paradigms. With this acquisition, customers can look forward to a unified platform that seamlessly integrates structured and unstructured data management throughout its lifecycle, promising a substantial reduction in the time and resources currently expended on data-related tasks.
Duco founder Christian Nentwich said, “Duco has taken a very extensive look at firms in this space and we are extremely pleased that, in Metamaze, we found a company that shares our vision of how software should be delivered – in the cloud, with AI doing the heavy lifting, and focused on a powerful business end-user experience, based on a no-code framework. By combining Metamaze with our proven enterprise-grade security and scale, we are rapidly delivering innovation safely to some of the world’s most demanding businesses.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
Copyright © 2018 RegTech Analyst