target audience: TECH SUPPLIER Publication date: Aug 2024 - Document type: Market Note - Doc Document number: # US52459524
Sirion's Acquisition of Eigen Technologies Elevates Contract AI Capabilities with IDP
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Abstract
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.