SAN DIEGO (Business Wire) -- Captiva Software Corporation (NASDAQ:CPTV), a leading provider of input management solutions, today announced that the Investigative Division of the U.S. Office of Personnel Management (OPM) has elected to expand its use of InputAccel(R), Captiva's award-winning document capture software, to transform paper employment documents into streamlined electronic content. The contract extension includes both InputAccel software and digital scanners and is valued at approximately $500,000.
Widely known as "the federal government's human resources agency," OPM has been tasked to accelerate and streamline security clearances as part of the federal government's electronic "eClearance" initiative for federal employees. The agency will utilize InputAccel to capture, identify and route the 18 million personnel documents it processes annually, which include over 80 different document types such as employment applications, signature forms, release forms, background checks and related paperwork. InputAccel is used to scan the documents to create digital images, recognize the document type and export the resulting electronic content to OPM's secure storage system. By storing investigative files as digital images rather than paper, authorized government agencies have immediate, on-line access to better assess an applicant's security risk level without having to wait to view hard copy documents. The expansion of InputAccel and the purchase of additional digital scanners will enable OPM to move from a pilot program into production and thereby decrease response times and improve coordination among federal agencies.
"OPM has taken significant steps to streamline access to clearance information and make historic investigative files more readily accessible. Through our eClearance initiative, authorized agencies have on-line access to a subject's current clearance status literally at their fingertips," said Stephen Benowitz, OPM's Associate Director for Human Resources Products and Services, in a statement before the US House of Representatives. "OPM is leading the effort to image investigative files in a format that will allow them to be delivered to an adjudicator's desktop electronically, rather than through the conventional, hardcopy process, saving significant time and handling."
"We're pleased OPM has turned to Captiva to help with this important initiative to accelerate its employment and clearance processes," said Howard Dratler, Captiva's Executive Vice President of Field Operations. "One of the many differentiating features of our solutions is their scalability in order to grow with increasing document volumes. This contract reaffirms Captiva's expertise in the federal government market, where we have proven to reduce costs, improve service and achieve regulatory compliance by eliminating dependency on manual paper processes."
About the U.S. Office of Personnel Management (OPM)
The Office of Personnel Management (OPM) oversees the federal work force and provides the American public with up-to-date employment information. OPM also supports U.S. agencies with personnel services and policy leadership including staffing tools, guidance on labor-management relations and programs to improve work force performance.
One of the three central management agencies in the federal government, OPM administers compliance with personnel laws and regulations and assists agencies in recruiting, examining and promoting people on the basis of their knowledge and skills, regardless of their race, religion, sex, political influence or other non-merit factors. It provides guidance to agencies in operating human resource programs and to provide an array of personnel services to applications and employees. The OPM also supports government program managers in their human resources management responsibilities and provides benefits to employees, retired employees and their survivors. For more information, please visit www.opm.gov.
About Captiva Software Corporation
Captiva Software Corporation (NASDAQ:CPTV) is a leading provider of input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, direct marketing and other markets. For more information, visit www.captivasoftware.com.
InputAccel is a registered trademark of Captiva Software Corporation. All other trademarks or registered trademarks are the property of their respective owners.
This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements.
Captiva Software Corporation
Rob Jensen, 858-320-1255
rjensen@captivasoftware.com
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