[2] On March 5, 2012, Lexmark International announced[3] it had acquired the company for a cash price of approximately $148 million.
[citation needed] Brainware was headquartered in Ashburn, Virginia, USA, with sales, support, professional services and R&D offices in London, UK; Kirchzarten, Germany; and Neuchâtel, Switzerland.
[5] Brainware's core solution, Distiller, "disrupted the data capture industry by using contextual document data to deliver higher automated processing than earlier technology" said Henry Ijams, Managing Director and Founder, PayStream Advisors.
[8] In a 2011 comparison report, Real Story Group classifies Brainware as a "Capture Solutions" vendor, competing directly with Kofax and ReadSoft.
[9] Brainware and its customers were profiled in publications including Profit Online,[10] Business Finance,[11] imageSource,[12] Managing Automation,[13] Industryweek,[14] Treasury & Risk[15] and others.