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Sirion's Acquisition of Eigen Technologies Elevates Contract AI Capabilities with IDP

Publisher IDC
Published Aug 05, 2024
Length 4 Pages
SKU # IDC19072477

Description

Sirion's Acquisition of Eigen Technologies Elevates Contract AI Capabilities with IDP


This IDC Market Note investigates and analyzes the background of Sirion's acquisition of Eigen Technologies and its future impact on the combined companies as well as the greater contract life cycle and IDP software markets. On June 6, 2024, Sirion acquired Eigen Technologies, a document AI–driven intelligent document processing (IDP) vendor focused largely on the financial services and insurance verticals. This acquisition, which on the surface brings additional software capabilities and resource expertise to extend Sirion's contract life-cycle management (CLM) customer base, actually offers a lot more.

Please Note: Extended description available upon request.

Table of Contents

4 Pages

Executive Snapshot

In This Market Note

Understanding Pre-Acquisition Customer Dynamics

Background on Sirion

Background on Eigen Technologies

IDC's Point of View

Understanding Post-Acquisition Customer Dynamics

Why This Acquisition Made Sense

Expectations Going Forward

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Related Research

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