the history of accusoft

Accusoft was founded as Pegasus Imaging Corporation in 1991 as a reseller of fractal image compression and decompression toolkits and digital image compression applications.

founded 1991

Digital photography was on the rise at that time and I was fascinated by it. I decided to start a company focused on digital imaging and haven’t looked back since.

Jack Berlin

Pegasus Imaging was rapidly shifting from a provider of end-user utilities to marketing business-to-business solutions. A testament to the company’s technology prowess, Accusoft is the only surviving commercial supplier of JPEG compression technology in the world. Well known photo imaging customers of Pegasus JPEG include Kodak, Canon, Nikon, Fujifilm, Konica Minolta and many others.

Accusoft is distinguished by its ability to deliver multiple interfaces to advanced technologies based on an extensive collection of intellectual capital, scientific research and product innovation. Today, the company holds a portfolio of 40 patents granted and a large amount of internal intellectual property (IP) related to imaging.

In early 1998, Pegasus Imaging Corporation was recognized as a Deloitte & Touche “Fast 500” company for its growth between 1993 and 1997. Around that time, Pegasus Imaging acquired two companies with successful product lines and technology. The business was good, but the investment in systems integration was a detour from the original strategy of technology innovation. The investors recommended the integration division be spun off into a completely separate company. Pegasus Transtech was created and continues operations in Tampa, Florida.

expanded 1998

Two thirds of the company spun off into a separate division and Pegasus began to focus on the medical industry. We rewrote our business plan with a better direction and reinvented ourselves.

Jack Berlin

During 1998, Pegasus expanded into the specialized medical imaging industry with the PICTools Medical software development kit containing a collection of image compression technologies optimized for medical images.

PICTools Medical was quickly adopted by some of the largest medical technology companies in the world, including GE Healthcare, McKesson, Phillips Medical Systems, Siemens Medical Solutions and Toshiba.

acquired 2004

We expanded into the document imaging space and acquired TMSSequoia as a first step. That acquisition significantly broadened our products and customer base.

Jack Berlin

In 2004, Pegasus Imaging acquired TMSSequoia. Its forms processing technology, document image cleanup technology and employees proved to be a valuable investment. The technology continues to be integrated into the Accusoft product portfolio today.

On December 19, 2008, Pegasus Imaging acquired Accusoft, including the ImageGear product line. Accusoft’s powerful imaging products significantly enhanced the impressive portfolio of imaging solutions.

Three weeks after the Accusoft acquisition was complete, Pegasus Imaging announced the acquisition of Tasman Software (Leeds, United Kingdom) and substantially all assets including its barcode software development kit (SDK) business. On January 9, 2009, Pegasus Imaging added Tasman’s Java and Java ME mobile barcode technology to its suite of document imaging products.

In 2009, Pegasus Imaging began doing business as Accusoft Pegasus. In October 2011, Accusoft Pegasus acquired Adeptol, further diversifying its product portfolio with the addition of the zero-footprint Adeptol AJAX Document Viewer, renamed Prizm Content Connect.

rebranded 2012

We needed an image that distinguished us as a technology leader and not just an image processing company; we made the decision to rebrand the company.

Jack Berlin

After 3 years as Accusoft Pegasus, the company rebranded to Accusoft in 2012. Today, Accusoft remains privately held, profitable and a wholly employee-owned corporation with headquarters located in Tampa, FL.

In 2015, Accusoft acquired edocr, a business document sharing website focused on garnering leads for its users. With a vast user base and an impressive Alexa ranking in the business document sharing space, it is a significant addition to the Accusoft brand.