M-Files acquires Apprento to bolster artificial intelligence capabilities

Investment to incorporate natural language processing and AI technology reinforces company's vision to deliver smart yet simple-to-use information management solutions.

  • 7 years ago Posted in
M-Files Corporation, the intelligent information management company, has acquired Apprento, a Canadian-based provider of artificial intelligence and natural language processing technology solutions.
 
 
Apprento technology automatically draws intelligence from text in unstructured content, which streamlines the process of classifying, processing and securing business information while also providing contextual insights on related content assets and workflows. The Apprento Business Context Engine features patent-pending technology that employs natural language processing (NLP) natural language understanding (NLU) capabilities to understand both semantics and concepts in content and communication systems.
 
 
The acquisition of Apprento by M-Files, along with its recently announced partnership with ABBYY, a global provider of innovative language-based and artificial intelligence technologies, illustrates the company's focus on automating and simplifying the way business professionals manage information and related processes.
 
 
 “Business leaders, industry analysts and others who follow our industry all agree that traditional approaches and solutions for managing information are inadequate and that a new and more intelligent approach is required," said Miika M?kitalo, CEO at M-Files. "Our acquisition of Apprento coupled with our recent partnership with ABBYY reinforces our commitment to deliver human-like intelligence to the massive volume of unstructured content that resides within disconnected systems and repositories in the typical enterprise."
 
 
“By incorporating the Apprento Business Context Engine into the M-Files platform, we're delivering powerful artificial intelligence capabilities to current M-Files users as well as setting the foundation for the introduction of many more AI enhancements and tools in the near future," said Trevor Cookson, CEO at Apprento. “I'm honoured to join the forward-thinking M-Files team and I'm looking forward to working with them to simplify and improve how people manage and interact with information.”
IT teams urged to resolve ‘data delays’ as UK executives struggle to access and use relevant...
Architectural challenges are holding UK organisations back - with just 24% citing having sufficient...
Skillsoft has released its 2024 IT Skills and Salary Report. Based on insights from more than 5,100...
Talent and training partner, mthree, which supports major global tech, banking, and business...
Now Platform unites ASDA’s operations across Technology, Customer, Finance, and Employee...
The 2024 State of Data Intelligence Report finds companies struggling with AI governance more than...
Over a quarter (26%) have already turned to outsourcing as a solution.
On average, only 48% of digital initiatives meet or exceed business outcome targets, according to...