Big OCR software buy. (optical character recognition, Caere Corp. to acquire Calera Recognition Systems Inc.)

From: Software Industry Report | Date: November 7, 1994 | Copyright information

Caere Corp. is acquiring Calera Recognition Systems Inc. in a deal worth about $35 million. Caere will exchange 2,500,000 shares of common stock and options for all the common stock, preferred stock and vested options of Calera. Caere plans to use the combined company to expand the optical character recognition (OCR) market by improving accuracy, educating the m...

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