Former ReadSoft Executive Joins Brainware

ASHBURN, Virginia -

- Colin Kaye to Spearhead Development of Global Sales Alliances

Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that Colin Kaye, an industry veteran with more than 25 years of experience within the growing data capture market, has joined its team as vice president of strategic alliances. Mr. Kaye, who for 11 years held senior sales and marketing management positions with Swedish data capture vendor ReadSoft, will be responsible for further developing the company’s strategic partner base. Brainware expects the appointment to increase the global footprint of its Brainware Distiller solution for automated data extraction and document processing.

“Colin Kaye’s appointment comes at a time when companies are looking for ways to save money and streamline their back office processes. Today, finance departments view increasing efficiency and reducing operational expenses as their biggest challenges,” said Carl Mergele, Chief Executive Officer at Brainware. “Brainware enables Global 2000 companies to process growing volumes of invoices, remittances, purchase orders and other transactional documents while significantly lowering processing costs. As part of our world class sales organization, Colin Kaye is poised to further accelerate our growth in the market.”

Kaye has a proven track record of success within the document automation sector. He brings a wealth of knowledge around forms processing, purchase-to-pay automation and mailroom applications. Prior to joining Brainware, Kaye held executive management positions with ReadSoft, Anacomp, and others.

“Brainware has a winning combination — unmatched data extraction technology and a proven ability to execute, even in the most challenging economic environment,” said Kaye. “I am thrilled to join a company that has demonstrated spectacular growth when many others are simply trying to survive. Brainware is thriving because it has found a compelling answer to the challenges faced by the largest global companies who are burdened with millions of unstructured documents: a single self-learning, data capture platform that allows organizations to reduce document processing costs by 60-80% and make the most of their ERP systems investments.”

About Brainware: Brainware, Inc. is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. Headquartered in Ashburn, Virginia, Brainware maintains global sales and support operations through its North American, U.K. and European offices. Brainware customers include Airbus, Alcon, Alltel, Amgen, Anadarko, BB&T, British American Tobacco, Continental Airlines, CORT, Gardner Denver, Halliburton, Her Majesty’s Prison Service, Johns Manville, JohnsonDiversey, Kimberly-Clark, KPMG, NHS/Steria, Newell Rubbermaid, Phillip Morris International, Reynolds & Reynolds, Shell, Southern Company, The Bank of New York Mellon/SourceNet, TriZetto, and many others. For more information, please visit www.brainware.com.

Source: Brainware, Inc.

Yegor Kuznetsov, Director, Analyst & Media Relations of Brainware, Inc., +1-703-948-5878, Yegor.Kuznetsov at Brainware.com