Noventiq Launches New Solution: uDMS, the Next-Generation AWS Cloud-Based Document Management System

This cloud-hosted solution significantly reduces IT overheads and enhances scalability and cost-effectiveness

LONDON–(BUSINESS WIRE)–

Developed on Amazon Web Services (AWS) using cutting-edge serverless architecture, uDMS revolutionizes the way businesses manage documents. This cloud-hosted solution eliminates the need for traditional server management, significantly reducing IT overheads and enhancing scalability and cost-effectiveness.

uDMS and GenAI: Key Features and Benefits:

• Scalability and Flexibility: Hosted on AWS’s robust infrastructure, uDMS offers unmatched scalability and flexibility. Businesses can easily adjust resources without the need for physical hardware upgrades, facilitating efficient scaling as needs evolve.
• Generative AI Capabilities: The uDMS solution includes advanced Generative AI (GenAI) features that enhance content creation and document comprehension. The ‘Summarization’ tool efficiently condenses long texts into concise, informative summaries. The ‘Narration’ feature transforms text into natural-sounding speech, and the ‘Q&A’ function engages users interactively, generating accurate responses to inquiries based on the content. Additionally, our efficient Small Language Model analyzes text patterns to produce relevant new content, optimizing both effectiveness and resource usage.
• Cost Efficiency and Accessibility: Our pay-per-request pricing model ensures cost efficiency by charging companies only for what they use, significantly reducing maintenance and administrative costs. uDMS offers secure, fast, and reliable access to documents from anywhere, designed to support global teams and promote seamless collaboration across borders. The system also includes advanced access controls, compliance mechanisms, and encryption protocols to safeguard sensitive information and maintain strict security and compliance standards.
• Integration and Deployment: uDMS supports quick integration with existing services and applications, allowing for smooth transitions and rapid deployment to enhance business operations promptly.

Hervé Tessler, CEO of Noventiq, commented: “We are thrilled to launch our recently developed solution, uDMS, a revolutionary document management solution that embodies our commitment to innovation and excellence towards our customers and partners. As we approach the final stages of our proposed Nasdaq listing, Noventiq continues to push the boundaries of what’s possible in digital transformation. This momentum is further bolstered by our Global Strategic Collaboration Agreement with AWS, signed last October, which enhances our capabilities and ensures that we remain at the forefront of technological advancements and service excellence.”

Nishant Sharma, Global VP Technology for Noventiq’s AWS Business, said: “This platform is a testament to our strategic vision of empowering businesses globally with secure, flexible, and cost-effective solutions. We are proud to lead the way in leveraging technology to meet the dynamic needs of our customers. By developing uDMS on AWS’s serverless architecture, we have the goal of enhancing operational efficiency, redefining scalability, and improving accessibility for all modern organizations.”

You can see all features and capabilities of uDMS solution on AWS’ website HERE. The uDMS solution will be available on AWS Marketplace soon.

Business Combination Agreement

As previously announced on May 4, 2023, Noventiq and Corner Growth Acquisition Corp. (NASDAQ: COOL) entered into a business combination agreement that is expected to result in the combined company being listed on Nasdaq under the symbol “NVIQ”. The proposed business combination is expected to provide Noventiq with improved access to new sources of capital, accelerate M&A opportunities, and enhance its reach and capabilities in fast-growing technology development in cybersecurity, generative AI, and other high-margin solutions and tools.

About Noventiq

Noventiq (Noventiq Holdings PLC) is a leading global solutions and services provider in digital transformation and cybersecurity, headquartered in London. The company enables, facilitates, and accelerates digital transformation for its customers’ businesses, connecting organizations across a comprehensive range of industries with best-in-class IT vendors, alongside its own services and proprietary solutions.

The company’s rapid growth is underpinned by its three-dimensional strategy to expand its market penetration, product portfolio, and sales channels. This is supported by an active approach to M&A, positioning Noventiq to capitalize on the industry’s ongoing consolidation. With around 6,400 employees globally, Noventiq operates in approximately 60 countries with significant growth potential in multiple regions including Latin America, EMEA, and APAC – with a notable presence in India. For more information: Noventiq – a global provider of IT solutions and services

About Corner Growth Acquisition Corp.

Corner Growth Acquisition Corp. (Nasdaq: COOL) is a special purpose acquisition company (SPAC) focused on partnering with a high growth technology company. Corner Growth’s mission is to deliver value to its investors by providing a compelling alternative to a traditional public offering. Corner Growth is uniquely positioned to deliver on its value-add approach given its management team’s history, experience, relationships, leadership and track record in identifying and investing in disruptive technology companies across all technology verticals.

Contacts

Investors:
Steven Salter

VP Corporate Affairs

[email protected]

Media:
Rocio Herraiz

Global Head of Communications

[email protected]