Celebrating 25 Years

The year 2023 is a special one for Extract Systems—it marks our 25th anniversary. We began in 1998 selling technology solutions to clients. The market was mature, but from the start, we sought to differentiate ourselves. We believed an opportunity existed to innovate in and improve several industries workflows.

1. Extract was established on March 4, 1998

2. Gas was $1.09 on the date Extract was founded

3. Extract is headquartered in Madison, WI

4. Extract began as a startup from the University of Wisconsin, Weinert School of Entrepreneurial Studies

5. In both 2000 and 2001, our software IcoMap won Governor’s New Product Awards

6. Extract won the first major public redaction RFP dated December 1, 2004 in State of Florida

7. Extract got its current name February 18, 2005 after rebranding from UCLID Software, Inc.

8. ID Shield won Wisconsin’s Society of Professional Engineers 2007 Governor’s New Product Award – First Place

9. First Secretary of State implements ID Shield in 2007

10. In 2008, Montgomery County, OH becomes the first court in the country to implement automated redaction technology

11. Waukesha County, WI is first Register of Deeds to implement Extract’s auto-indexing technology

12. UW Hospital becomes first hospital to implement Extract’s LabDE product in 2012

13. Our hummingbird logo is representative of the data we extract from documents in the same way a hummingbird extracts nectar from a flower

14. Extract has automatically redacted over 5 billion pages – that many documents would span all the way from Madison, WI to the International Space Station (with a several miles to spare, too!)

15. Extract has had zero reported data privacy breaches in our 25 years

16. Extract has served over 400 customers

17. Extract’s software is being utilized in over 40 states across the United States

18. Extract has been under the leadership of current president David Rasmussen for 22 years

19. Invited by National Center for State Courts to provide redaction benchmarks with the advent of Artificial Intelligence

20. Extract started providing services under its HealthyData platform to its first customer, Hurley Medical Center, in 2016

21. In 2017, Extract implemented machine learning as a major component of our automation software

22. In 2020 Extract deployed our ‘homegrown’ healthcare CEU program that offers AHIMA approved continuing education units for free to all attendees

23. In 2022 Extract signed its first Restrictive Covenants Redaction contract

24. In 2020 Extract expanded its Healthcare offerings with the Hawkeye Accounts Payable solution

25. In 2022 Extract again expanded its healthcare options by developing Sort & Send, a document sorting and distribution solution

Automated Redaction- Redaction is where we got our start.  And in the 25 years that we’ve been in business, we’ve redacted over five billion pages without a single reported privacy breach.

That many documents would span all the way from Madison, WI to the International Space Station (with a couple of miles to spare, too!)

Our products have evolved over the course of our history.  We’ve been able to use the lessons we’ve learned working in healthcare capturing data to strengthen our offering for government redaction and indexing.

So now, we offer an automated redaction solution that can route your documents where they need to go, achieve accuracy rates of over 99%, and protect peoples’ identities.

You can learn more about our Redaction Services here.

Automated Data Extraction: Data extraction is more than just delivering data to where it needs to be.  It’s finding more accurate data to create better treatment decisions. It’s freeing up data entry staff. It’s allowing for faster diagnoses. We’re proud of saving healthcare organizations money, but what we really value is allowing healthcare professionals to be able to spend more time with their patients, and less time searching for data.

You can learn more about our Extraction Services here.

Automated Document Classification and Indexing: Our intelligent platform is able to recognize and categorize all types of incoming documents by content type, and automate the extraction of relevant index data per document type. The process of extracting all relevant index data allows Extract to more intelligently and consistently route documents to desired levels within a database, electronic medical record (EMR), land records system, court system, enterprise resource planning (ERP), document management system (such as OnBase), or any other downstream system.

You can learn more about our Classification & Indexing Services here.

First, to our employees, early on, we recognized that we had the right idea. Over time, the right people—our employees—have helped Extract grow and thrive. Our company has developed a unique culture—one that is driven by a team of talented people whose personalities and skills complement one another. Many businesses fail to consider the big picture when it comes to individual hiring. Here we do not hire someone based on what they can do for us tomorrow, next week, or this quarter. We really try to understand how they fit into the business long term.

Secondly, Extract wouldn’t be where we are today without the support of our customers. We are so appreciative of our clients for their trust and continued support. Thank you for partnering with us over the past 25 years. We have all grown together while sharing a fun and incredibly exciting ride. We are honored to celebrate our 25th anniversary with you, and we look forward to many more successful years together.