Eastman Software Inc., Billerica, Mass., is now an independent company backed by a privately held investment group. The company previously was a wholly owned subsidiary of Eastman Kodak Co, operating within Kodak's Document Imaging division. "We are excited by the tremendous potential to grow the company aggressively through acquisition and internal growth," says William Oates, who is leading the investment group funding Eastman Software. Dave Lakness, president of Eastman Software, will oversee the company's e-business vertical solutions. Eastman Software will continue to provide products designed to help its insurance and government customers handle policy underwriting, fulfillment and customer service more efficiently via the Internet. Terms of the agreement were not disclosed.

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