Germany’s largest private health insurer Debeka signs 1.95 MEUR deal with ReadSoft
ReadSoft in Germany has signed one of the largest deals ever in ReadSoft’s history with Debeka, Germany’s largest private health insurance company. ReadSoft will provide an input automation solution worth 1.95 MEUR. The deal consists of licenses, support and maintenance and services and was signed in the second quarter of 2012.
With over 2 million members, Debeka is the largest private health insurer in Germany. Including the additional insurance for members of public health insurances, the company serves approximately 4.7 million insured people. The organization searched a high performance input automation solution to replace the existing input management system and enable greater processing efficiencies across the enterprise.
After extensive benchmarking, Debeka chose ReadSoft’s XBOUND solution and XBOUND Scan Clients. “ReadSoft’s solution provides considerable benefits in terms of process modelling, overall monitoring as well as administration and database architecture making the new automation solution highly cost-effective in everyday operations,” says Jürgen Arendt, Head of IT at Debeka. The first stage of the project will be to migrate Debeka’s old input automation solution processing approximately 76 million pages per year. In the second stage the organization is planning to expand the new input automation solution across all Debeka Group’s classes.
“Debeka chose ReadSoft as they recognized that we could provide a high performance and future proof automation solution that offers even greater visibility and control over all incoming information. We look forward to playing an important role in Debeka’s future success by helping them improve service levels while keeping costs down,” says Per Åkerberg, President and CEO of ReadSoft. “It is also really gratifying to see that ReadSoft’s strategies are to the point. They state, among others, that ReadSoft shall be active in the consolidation of the market and focus on BPOs and customers that handle large amounts of documents. When our newly acquired solution and our legacy team close a deal like this it really shows the strength in our combined offering,” finishes Per Åkerberg.
This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on June 5, 2012 at 09:00 CET.
For additional information, please contact
ReadSoft AB
Johan Holmqvist, Vice President, Corporate Communications
Phone: 46 708 37 66 77
Email: johan.holmqvist@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world’s number one choice for automated invoice processing, especially into business systems from SAP and Oracle. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.
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