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eCopy

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Businesses with technology solutions that focus on document imaging to store and access, data and information

Nashua, United StatesFounded 1992
Valuation $50–100M Last recorded · 2009
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for eCopy and the history behind them.

About eCopy

eCopy was a pioneering company in document imaging solutions, founded in 1992 by Ed Schmid, who also served as its CEO. The firm established itself by creating a standardized platform to bridge the gap between paper-based information and digital business applications. Headquartered in Nashua, New Hampshire, eCopy's core business involved providing software that could be embedded into multi-function peripherals (MFPs) and scanners, transforming them into networked devices for enterprise-wide document workflows. This allowed users to scan paper documents and route them directly into various business systems, such as email, content management, and other enterprise applications, right from the MFP's interface. The business model focused on partnerships with major MFP manufacturers like Canon, Ricoh, HP, and Xerox, who would integrate eCopy's software into their hardware, as well as direct sales of its software suites.

The company's flagship product, eCopy ShareScan, was a server-based solution that enabled organizations to capture, process, and connect paper documents securely into automated workflows. It offered powerful optical character recognition (OCR) to convert scans into searchable and editable formats, such as Microsoft Word, Excel, and PDF. The platform was designed to integrate with a wide array of enterprise applications, including Microsoft SharePoint, Oracle, and SAP, adding significant value to a company's existing IT infrastructure. A key achievement for eCopy was creating a hardware-agnostic platform, which provided a consistent user interface and programming interface regardless of the underlying MFP, a significant step towards a de facto industry standard. By 2007, the company reported annual revenues of $63 million and had a substantial customer base that included over 100 Fortune 500 companies.

In a significant milestone, Nuance Communications acquired eCopy on October 5, 2009, for approximately $54 million in stock. The acquisition was a strategic move for Nuance, combining its desktop MFP solutions with eCopy's server-based offerings to create a comprehensive network scanning and document imaging portfolio. Following the acquisition, eCopy's products, such as ShareScan and eCopy PDF Pro Office, were integrated into the Nuance product family and later into Tungsten Automation (formerly Kofax), continuing to provide advanced document capture and workflow automation.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1992
Headquarters
Nashua, United States
Open positions
None listed
Dealroom signal
16.3/100

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Oct 2009 $54M $54M Nuance Communications ↗
LATE VC✓Equity / VC Dec 2002 $16M $63M Ascent Venture Partners —
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Growth signals

eCopy website traffic

Latest recorded traffic for eCopy is 920 monthly website visits, up 384.2% over the last three months.

Latest monthly visits920 3-month web change+384.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • Ascent Venture Partners

Other known investors1 additional known investor

  • Nuance Communications
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Nashua HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about eCopy on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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