ReadSoft got its start in the late 1980s as a pet project of two Swedish university students, Jan Andersson and Lars Appelstål. Noting how much time people spent manually handling documents, the duo believed that there must be a way to automate these processes. Freeing offices from manual document handling has been ReadSoft's mission ever since. Since its official inception in 1991, ReadSoft has maintained a commitment to constant innovation and continues to take pride in its position as innovator of the document processing automation field.
Swedish college classmates Jan Andersson and Lars Appelstål begin investing their spare time in developing a system for interpreting handwritten characters.
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.
INVOICES, the first self-tutoring software for handling invoices, is introduced to the market.
The product FORMS receives an award for its scalability and integration capabilities.
ReadSoft is listed on the Stockholm Stock Exchange.
FORMS is praised for its revolutionary color handling and character recognition.
ReadSoft is hit by the dot-com crash, but it consolidates and manages to push forward with color scanning, electronic document capture, and the market’s first certified integration with SAP.
INVOICES is praised for its unique learning abilities.
ReadSoft introduces a system for electronically sending and receiving invoices.
INVOICES technology is praised for its forward thinking, SAP integration, and email and web functionality.
ReadSoft introduces an overall concept for capturing information from any document in any format.
The Louisiana Technology Council (USA) recognizes ReadSoft’s DOCUMENTS platform for revolutionizing the way companies process and integrate both paper and electronic documents.
ReadSoft acquires Danish Consit Development, which becomes the ReadSoft Lab for Oracle Solutions. With this, ReadSoft can offer an integration and workflow for Oracle E-Business Suite.
ReadSoft acquires German Ebydos AG, which becomes the ReadSoft Lab for SAP Solutions. As a result, ReadSoft can offer an integration and workflow for SAP R/3.
ReadSoft introduces a technology for classifying and indexing large volumes of documents without human intervention.
ReadSoft launches pioneering click-to-view software for invoice reporting.
Jan Andersson, co-founder and President of ReadSoft for two decades, moves to the ReadSoft Board of Directors. Per Åkerberg joins ReadSoft as its new President and CEO.
ReadSoft acquires the German-based company foxray AG, a leading provider of business process automation platforms and solutions, enhancing ReadSoft’s large-scale automation offerings.
ReadSoft acquires Expert Systems and expands its rapidly growing cloud services with a network for exchanging e-invoices and other digital documents.
Lexmark acquires ReadSoft and together we continue to deliver the best financial process automation solutions on the market.