About ReadSoft: Who we are

ReadSoft helps companies automate document flows.

 

The results?

Shorter response times.
Lower costs.
Better control.

 

At the forefront of technology since 1991.

We have always taken pride in being the innovators of our field, constantly developing new, cutting-edge technology according to our customers' needs.

 

Worldwide coverage.

ReadSoft has customers throughout the world.

With 15 subsidiaries and 300 partners, ReadSoft stays close to customers wherever they are.

Some of our 6,000 customers

- IKEA             
- Porsche         
- Yves Rocher   
- Volvo
- Siemens
- DaimlerChrysler
- HSBC Bank
- London Underground
- New York Transit

Quick return on investment

An investment in automated document management often pays for itself in less than 12 months.

(Source: Harvey Spencer Associates)

A green alternative

ReadSoft software spares the world of 1.4 billion paper copies every year.

That equals 2000 tons of CO2 emissions.

 

What we do

ReadSoft creates software that helps companies automate their document processes. These processes could be for example:

  • Sorting documents
  • Entering data into computers (from paper or electronic documents)
  • Matching documents against information in an ERP system
  • Approval workflows etc.

Key values

Using our software results in faster and less expensive document processing and better control over business-critical information. The return-on-investment for a ReadSoft solution is usually less than one year.

Number one in automated invoice processing

ReadSoft has the most widely used solution for invoice processing in the world with more installations than the rest of the market combined.

Facts and figures

Business category:

Software solutions for document process automation.

Business mission:

ReadSoft contributes to businesses’ success by providing the ideal software solutions for automating document driven processes.

Operations in:

15 countries
(Australia, Benelux, Brazil, Chile, Denmark, Finland, France, Germany, Malaysia, Norway, Poland, Spain, Sweden, UK and USA)

Customers:

6000+

Partners:

300+ in more than 70 countries

Employees:

Approximately 450

Founded:

1991

Head office:

Helsingborg, Sweden

CEO:

Jan Andersson

Corporate values:

Commitment, Creativity, Competence, Cheerfulness (the 4Cs).

Share information:

Traded on the Nordic Stock Exchange Small Cap list.

ReadSoft's technology:

ReadSoft software extracts information from business documents such as invoices, forms, claims and orders, whether they are electronic or on paper. The extracted information is used for automated document sorting, information matching against ERP systems and approval workflows.

Organization

With offices in 15 countries and partners in an additional 70, ReadSoft has the most extensive support network in the business.

ReadSoft world

The ReadSoft headquarters in Helsingborg, Sweden houses corporate functions such as Human Resources, Integration development, Finance, Marketing and International sales and services.

Three solution labs provide ReadSoft with software and third-line support:

  • ReadSoft Lab – SAP Solutions (Frankfurt, Germany – Wroclaw, Poland).
  • ReadSoft Lab – Oracle Solutions (Copenhagen, Denmark).
  • ReadSoft Lab – Capture Solutions (Stockholm, Sweden – Pune, India).

Fifteen ReadSoft subsidiaries are engaged in selling, installing and supporting the software solutions. You will find us in: Australia, Benelux, Brazil, Chile, Denmark, Finland, France, Germany, Malaysia, Norway, Poland, Spain, Sweden, UK and USA.

Management team

Jan Andersson

Jan Andersson, President and CEO

Education: B.Sc. Computer Science, Institute of Technology at Linköping University, 1986.

Board assignments: Chairman of Ekros & Hultberg, Board member of NET Invest AB.

ReadSoft shares: 596,790 (596,790) Series A shares and 3,511,195 (3,511,195) Series B shares.

Employed 1991

Born: 1959.

Lars Appelstål

Lars Appelstål, Executive Vice President R&D

Education: B.Sc. Computer Science, Institute of Technology at Linköping University, 1986. Master of Science, Cleveland, Ohio, 1986.

ReadSoft shares: 596,790 (596,790) Series A shares and 3,511,195 (3,511,195) Series B shares.

Employed: 1991

Born: 1959.

Anna Ronnelin

Anna Ronnelin, Vice President Human Resources

Education: B.A. Human Resources at Lund University, 1995.

ReadSoft shares: convertibles of SEK 273,000 (402,000).

Employed: 2000

Born: 1968

Carsten Nelk

Carsten Nelk, President, ReadSoft Lab – SAP Solutions

Education: M.Sc. Mathematics, RWTH Aachen, Germany.

ReadSoft shares: 236,410 (236,410) Series B shares.

Employed since: 2006.

Born: 1969. 

 

Jan Bertilsson

Jan Bertilsson, Vice President Finance & Administration

Education: B.Sc. Business Economics, University of Gothenburg School of Business, Economics and Law, 1981.

ReadSoft shares: 3,600 (3,600) Series B shares and convertibles of SEK 705 000 (822 000).

Employed: 1997

Born: 1957.

Johan Holmqvist

Johan Holmqvist, Vice President Corporate Communications

Education: Masters level courses at Lund University School of Economics and Management.

ReadSoft shares: 2,500 Series B shares and convertibles of SEK 249 750 .

Employed: 2009

Born: 1972.

 

Lars Thunqvist

Lars Thunqvist, Vice President Business Development

Education: Secondary school certificate in engineering and studies at Uppsala University.

ReadSoft shares:4,600 (4,600) Series B shares and convertibles of SEK 0 (504,000).

Employed: 1998

Born: 1947

Peter Hörwing

Peter Hörwing, Senior Vice President Sales & Marketing

Education: B.Sc. Business Economics, Lund University School of Economics and Management, 1985.

ReadSoft shares: 62,827 (62,827) Series B shares and convertibles of SEK 0 (980,000).

Employed since: 2007.

Born: 1961

Peter Sandin

Peter Sandin, Vice President Global Professional Services

Education: Master of Science Electrical Engineering 1991 at University of Lund, Faculty of Engineering.

Executive MBA 2002 at Lund University School of Economics and Business Administration .

ReadSoft shares: 0.

Employed since: 2010.

Born: 1967


 

Board of directors

Göran E Larsson

Göran E. Larsson, Chairman of the Board since 2000 (board member since 1998).

Other Board assignments: Chairman of the Boards of AB Sagax (publ.), Effnet Holding AB (publ.), Aqeri Holding AB (publ.) and the Hildur Nordin Heritage Foundation. Vice Chairman of Avega AB (publ.) and Board member of Habia Cable AB and Sandrew Metronome AB.

Education: B.Sc. Engineering 1967 and B.Sc. Business Economics 1969.

Current position: Active Board work. Previous positions: President of Micronic Laser Systems AB, Standard Radio AB, Tidningarnas Telegrambyrå AB, Norstedts Tryckeri AB, Interforward AB, Ferag Inc. Chairman of the Boards of QlickTech International AB, Tolerans AB, Ferag Japan AB.

ReadSoft shares: 78,000 (78,000) Series B shares. Independent in relation to the company and its principal owners.

Born: 1943.  

Lars Appelstål

Lars Appelstål, Executive Vice President R& D and member of the Board since 1991.

Other Board assignments: None.

Education: B.Sc. Computer Science, Institute of Technology at Linköping University 1986. Master of Science, Case Western Reserve University, Cleveland, Ohio 1986.

Current position: Executive Vice President R&D, ReadSoft.

Previous positions: Systems Developer, Norsk Data, Oslo 1986-1988, Consultant, Frontec, Stockholm 1988–1991.

ReadSoft shares: 596,790 (596,790) Series A shares and 3,511,195 (3,511,195) Series B shares.

Born: 1959.

Lennart Pihl

Lennart Pihl, Board member since 2001.

Other Board assignments: Chairman of MultiQ AB (publ.). Member of the Boards of Duroc AB (publ.), Formpipe AB (publ.), Heatex AB and the Chamber of Commerce and Industry of Southern Sweden (Northwest Skåne) and Rya Golf.

Education: B.S. Business Economics, Lund University.

Current position: Senior Advisor and management consultant in his own company.

Previous positions: President of Acrimo 1987–1997, President of Bong Ljungdahl 1997–2003.

 ReadSoft shares: 20,000 (20,000) Series B shares. Independent in relation to the company and its principal owners.

Born: 1950.

Håkan Valberg, Board member since 2008.

Other Board assignments: Prodacapo AB and a number of Advent Software’s subsidiaries. Education: B.Sc. Engineering, Institute of Technology at Linköping University 1986.

Current position: Senior Vice President and General Manager EMEA region at the US company Advent Software.

Previous positions: MAS/PCM Nordic (IBM subsidiary) General Manager, EVP Sales & Marketing, i2Technologies, Client Executive, Nordic Manager and Industri Matematik International, Vice President World Wide Product Marketing, Development and Alliances.

 ReadSoft shares: 7,500 Series B shares (7,500). Independent in relation to the company and its principal owners.

Born: 1962.

Håkan Valberg

Anna Söderblom

Anna Söderblom, Board member since 2004 

Other Board assignments: Member of the Boards of Ortivus AB (publ.), Avega AB (publ.) and SSE Business Lab.

Education: B.A. Mathematics 1994, Lund University. B.Sc. Business Economics 2003, Stockholm University.

Current position: Researcher, Stockholm School of Economics.

Previous positions: Director of Marketing, Microsoft Nordic. Director of Marketing, Posten Brev. Partner/Investment Manager, Startup Factory and Industrifonden.

ReadSoft shares: 10,000 (10,000) Series B shares. Independent in relation to the company and its principal owners.

Born: 1963.

Peter Gille

Peter Gille, Board member since 2009

Other Board assignments: A number of Nexus subsidiaries.

Education: B.Sc. System Science 1988 Uppsala University, and Executive MBA 2003, (Universities of Paris and Edinburgh).

Current position: President of Nexus Technology.

Previous positions: Various executive positions at the Oracle Group 1994-2006. Consultant at Corda Adesystem, Enator Corda, 1988-1994.

 ReadSoft shares: 0 shares. Independent in relation to the company and its principal owners.

Born: 1962.

 

History

Jan Andersson and Lars AppelstålDid you know that ReadSoft started out as a pet project by the two Swedish university students Jan Andersson and Lars Appelstål in the late 1980s?

They had seen how much time people spent on manually handling documents and thought that there must be a way to automate these processes. Freeing offices from manual document handling has been ReadSoft's mission ever since.

Since the start in 1991, ReadSoft has stood for constant innovation and we still take pride in being the innovators in our field.

1988

Swedish college classmates, Jan Andersson and Lars Appelstål, begin investing their spare time in developing a system for interpreting handwritten characters.

1991

ReadSoft is founded. The first customer, Yves Rocher, uses the software to scan incoming order forms.

1992-1996

The company grows rapidly and a number of technical innovations are launched, such as Fast Verify, Batch Handling and the ability to handle multiple languages.

1997

Introducing INVOICES, the first self-tutoring software for handling invoices.  

Best of AIIM 1997
The product FORMS receives an award for its scalability and integration abilities.

1999

ReadSoft is listed on the Stockholm Stock Exchange.

Best of AIIM 1999
FORMS is praised for its revolutionary color handling and character recognition.

2000-2001

ReadSoft is hit by the .com crash, but consolidates and still and still manages to push forward with color scanning, electronic document capture and the market’s first certified integration with SAP.

IT Company of the Year 2001
ReadSoft is named IT Company of the Year in Sweden.

Best of AIIM 2001
INVOICES is praised for its unique learning abilities.

Best of AIIM 2000
FORMS awarded for using color through the entire process.

2002

Introducing a system for electronically sending and receiving invoices.

Best of AIIM 2002
The INVOICES technology is praised for its forward thinking, SAP integration and email and web functionality.

2004

ReadSoft introduces an overall concept for capturing information from any document in any format.

Award Winner 2004
New Technology Product of the Year.

2005

ReadSoft acquires Danish Consit Development which becomes the ReadSoft Lab – Oracle Solutions. With this, ReadSoft has an integration and workflow for Oracle E-Business Suite.

2006

ReadSoft acquires German Ebydos AG which becomes the ReadSoft Lab – SAP Solutions. As a result, ReadSoft has an integration and workflow for SAP R/3.

2007

ReadSoft introduces a technology for classifying and indexing large volumes of documents without human intervention.

ECM Connection's ACE Awards 2007 ReadSoft software is commended for its compliance with other systems.

2008

Launch of pioneering click-to-view software for invoice reporting.

2010

Introducing a concept where documents find their own way through an organization.

 

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Contact ReadSoftQuestions are always welcome. We will do our best to provide all the information you require.
 

 
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Fun facts

Did you know…

...that approximately 10 percent of ReadSoft’s customers in the US are on Forbes’ list "Fortune 500"?

...that ReadSoft's CEO Jan Andersson was named “2008 Entrepreneur of the Year” in Helsingborg, Sweden?

...that one of ReadSoft's customers got so much room to spare when they got rid of their archive that they built a spa?

...that ReadSoft’s products contribute to 1.4 billion paper copies never being made (reducing carbon emissions by 2,000 tons)?

...that it is not unusual for an investment in automated document management to pay for itself in less than 12 months?