On 31st December, Nuance bought Copitrak. This includes Copitrak in the US, where it is a market leading provider of print accounting Solutions particularly to the legal profession, and also the R&D organization of Copitrak. Copitrak Europe & Asia is unaffected, and they made clear today that they will continue to support existing customers and to sell in Europe and Asia. According to Copitrak Europe & Asia, Nuance intends to keep developing Copitrak.
No press release from either side, but Copitrak.com now carries the banner “a division of Nuance.” The otherwise identical site copitrak-europe.com carries no such thing.
This is the latest in a series of acquisitions by Nuance who would like to corner the market in print accounting. They acquired Equitrac and SafeCom last year. However it may be premature for US market rivals nQueue Billback to pop the champagne corks. Nuance have retained both eCopy and X-Solutions in the documents sphere without extensive rationalizing, and have no plans to pull SafeCom from the print accounting market either. Perhaps learning lessons from Microsoft’s Project Green debacle (they tried, and failed, to fuse the code of the four ERP providers they had acquired), Nuance’s strategy seems to keep their acquisitions largely intact; to share development and market insight, and to wield sufficient power in the market to actually define it.
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