Sirion's Acquisition of Eigen Technologies Elevates Contract AI Capabilities with IDP
This IDC Market Note investigates and analyzes the background of Sirion's acquisition of Eigen Technologies and its future impact on the combined companies as well as the greater contract life cycle and IDP software markets. On June 6, 2024, Sirion acquired Eigen Technologies, a document AI–driven intelligent document processing (IDP) vendor focused largely on the financial services and insurance verticals. This acquisition, which on the surface brings additional software capabilities and resource expertise to extend Sirion's contract life-cycle management (CLM) customer base, actually offers a lot more.
Please Note: Extended description available upon request.
Executive Snapshot
In This Market Note
Understanding Pre-Acquisition Customer Dynamics
Background on Sirion
Background on Eigen Technologies
IDC's Point of View
Understanding Post-Acquisition Customer Dynamics
Why This Acquisition Made Sense
Expectations Going Forward
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Related Research
Synopsis
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