Flagship ‘Transact’ Solution Places Ephesoft Among Industry-Leading Cloud Providers Ahead of Global Cloud Computing Awards Program Announcement

IRVINE, Calif. – Dec. 20, 2018 – Ephesoft, Inc., an industry leader in enterprise content capture and data discovery solutions, today announced that it has been declared a finalist in the 2018-2019 Cloud Awards Program in the Best Cloud Automation Solution category. Ephesoft was shortlisted with an impressive group of 11 other companies all dedicated to driving excellence in the cloud.

The Cloud Awards 2018-19The company’s core platform, Ephesoft Transact, uses a specialized type of artificial intelligence called supervised machine learning that requires human interaction but dramatically accelerates business processes and throughput to boost operational efficiency using cloud technology for document-intensive processes. Using its patented supervised machine learning technology, Ephesoft extracts and classifies valuable information from unstructured data, which is beneficial for a range of verticals including accounting, banking and insurance, among others. This year, Ephesoft launched Ephesoft Transact 4Mortgage, which is a cloud-based modular platform pre-trained to recognize and classify more than 600 mortgage document types, dramatically accelerating processing speeds for mortgage lenders.

“It’s an honor to be shortlisted for the Cloud Awards’ coveted Best Cloud Automation Solution. Ephesoft was born in the cloud and was the first browser-based enterprise capture and data discovery solution in the industry,” said Ike Kavas, founder and CEO at Ephesoft. “Our vision is to help shift the entire industry to the cloud, so that organizations of all sizes can stay competitive and optimize their resources. There’s a growing need for applications that can integrate AI in the cloud, and Ephesoft is committed to helping customers meet those requirements.”

The cloud computing awards program celebrates success and innovation in the cloud computing industry. The awarding body accepts applications from organizations of any size worldwide, from start-ups to established multinationals.

“As we reach the end of 2018 and the Cloud becomes an increasingly common currency, with its key importance in leveraging business goals becoming synonymous with business software and services itself, we have seen submissions from countless vertical industries alongside cloud-specific infrastructure and security applications,” said Larry Johnson, Cloud Awards organizer. “In such a competitive global marketplace, the need to not only use these technologies but to continue to innovate has grown ever-stronger. This year, the judges have had a more difficult time than ever in deciding which entrants should move forward to the next stage, and every submission displayed unique points of merit. Each entrant was worthy of a place on the shortlist, so making this cut signifies considerable focus on innovation and success. We can only wait until 2019 to see which organizations emerge as final winners in their chosen Cloud Awards category.”

Hundreds of organizations entered, with entries coming from across the globe, covering the Americas, Australia, Europe and the Middle East. You can view the full shortlist here: https://www.cloud-awards.com/2019-shortlist. Final winners will be announced on Tuesday, January 29, 2019.