StreamServe Inc.
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StreamServe Inc. - overview
Established
1997
Location
Burlington, MA, US
Primary Industry
Software
About
StreamServe Inc. specializes in providing advanced document automation solutions that enhance customer engagement and streamline business communications across diverse industries. StreamServe Inc. was founded in 1997 and is based in Burlington, US.
The company focuses on document automation technologies that enhance customer communications and operational efficiencies. In October 2010, the company was acquired by Open Text Corporation for USD 71 mn, marking a significant pivot in its business operations. Following the acquisition, StreamServe operates as part of OpenText's extensive offerings in information management. StreamServe's products and services include solutions for document automation and customer communications management.
These offerings enable organizations to create, manage, and deliver personalized documents efficiently, enhancing customer interactions across various sectors including finance and healthcare. The technology integrates seamlessly with existing enterprise systems to improve workflow and deliver enhanced user experiences. StreamServe's revenue model is primarily based on subscription services, allowing clients to utilize its document automation solutions over long-term agreements. The company’s transactions include annual licensing fees along with support services, contributing to a steady revenue stream.
Their pricing structure accommodates a range of business sizes, ensuring accessibility to their automation technologies. StreamServe aims to leverage its recent acquisition funding to enhance product development initiatives, focusing on the advancement of its document automation technologies. The company is expected to roll out new features aimed at improving integration capabilities with existing enterprise solutions. Additionally, StreamServe plans to expand its market presence in North America and Europe by 2025, targeting industries that increasingly rely on automated document workflows.
The funds from the USD 71 mn acquisition will be utilized to support these growth initiatives.
Primary Industry
Software
Sub Industries
Public Relations & Communications, Social Networking & Communication Platform, Connectivity Software
Website
www.streamserve.com
Company Stage
Acquired
Total Amount Raised
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