The industrial and enterprise-grade AI software company Beyond Limits has acquired Altec Products, Inc., which is a leading provider of integrated document management and workflow solutions. According to Beyond Limits, the new acquisition will help accelerate product growth and drive digital transformation in new markets.
Beyond Limits is working towards creating “world-class solutions for businesses that improve performance and enhance human-decision making.”
AJ Abdallat is CEO of Beyond Limits.
“At Beyond Limits, we believe in the power of artificial intelligence to amplify the talents and capabilities of people,” said Abdalla. “Our Cognitive AI solutions are used across energy, manufacturing, and healthcare sectors to tackle the toughest challenges and help individuals make faster, more efficient decisions to manage risk and drive profitability. Altec’s technology and approach to streamlined digital operations was a natural fit with our approach to AI, and we’re very excited to bring new value to the market together.”
Altec is a provider of powerful and digitally integrated document and workflow solutions, with DocLink being its main product. DocLink assists companies in managing their data, documents, and processes while also assisting them in digital transformation. The solution delivers major benefits measured by accelerated approval cycles, missed deadline elimination, and human error reduction thanks to its tight ERP integration.
Through this process, companies can achieve improved access, visibility, and control over data and documents. It also improves processes for customers, employees, and suppliers.
The new acquisition of Altec further helps Beyond Limits develop strategic partnerships and integrations built around digital transformation and AI-readiness in many key sectors. With its industry reputation, product offerings, and loyal customer base, Altec provides new product and market opportunities while also accelerating growth.
Don Howren is President and Chief Operating Officer for Altec.
“We are excited about the next stage in our growth with Beyond Limits, especially as we share a common focus on delivering long-term value to our customers,” said Howren. “Our partnership with Beyond Limits will help us further energize our business and accelerate opportunities, and I look forward to working with our management team and dedicated employees to reach the next level of our company’s growth. In that context, we remain focused on developing world-class products and providing unrivaled customer service and support.”
Altec will keep offering core document management and workflow solutions directly to the market, and it will operate as a wholly-owned subsidiary of Beyond Limits. Financial details of the transaction were not disclosed.
Cogniteam Raises $5.6 Million for AI Robotics Platform
Birdie Closes $7M Funding Round Led by SoftBank and Illuminate Ventures
Alex McFarland is a Brazil-based writer who covers the latest developments in artificial intelligence & blockchain. He has worked with top AI companies and publications across the globe.
AI Tool Could Reduce Common Drug Side Effects
New Method Improves Performance of Quantum Computers While Reducing Environmental Impact
Study Suggests Robots Can Be Used to Assess Mental Wellbeing of Children
Data Science vs Computer Science: Key Differences
Intel Labs Introduces New Approach to Neural Network-Based Object Learning
Silicon Image Sensor Speeds Up, Simplifies Image Processing for Autonomous Vehicles
Advertiser Disclosure: Unite.AI is committed to rigorous editorial standards to provide our readers with accurate information and news. We may receive compensation when you click on links to products we reviewed.
Copyright © 2021 Unite.AI
AI-Software Company Beyond Limits Acquires Altec – Unite.AI