Its products are grouped into four categories: Intelligent Automation Platform Finance & Accounting Capture & Print and Desktop Productivity.
Kofax vrs alternative software#
Kofax develops intelligent automation software for businesses, for applications ranging from print management, to process automation and document/pdf management. In August, the company announced the acquisition of cloud-based print management system provider. In June 2021, Kofax announced the acquisition of PSIGEN Software, Inc., a provider of document capture, content management and workflow automation software and solutions. In May 2019, Kofax issued a press release announcing the closing of its acquisition of Top Image Systems (NASDAQ:TISA)(TIS). By means of this acquisition, Kofax gained Nuance's Power PDF, PaperPort document management and OmniPage optical character recognition software applications. In November 2018, Kofax announced it was acquiring the Document Imaging Division of Nuance Communications. Following this, Kofax and ReadSoft combined into a single, newly independent Thoma Bravo portfolio company. In July 2017, private equity and growth capital firm Thoma Bravo acquired Lexmark's Enterprise Software business which consisted of three entities: Kofax, ReadSoft, and Perceptive Software. The purchase was valued at US$3.6 billion. In the spring of 2016, Lexmark and its subsidiaries were acquired by an investment consortium led by Apex Technology Co. ended the 2015 fiscal year with US$297 million in revenue. combined with Perceptive Software, a subsidiary of Lexmark, to form an expanded business content and management software unit of their parent company.
for US$11 per share, or approximately US$1 billion. Lexmark acquired outstanding shares of Kofax Inc. Also in March, the company introduced Mobile ID, image validation software for capturing proof-of-identity documents required for secure processes such as opening bank accounts. purchased Aia Holding, a customer communications management company in The Netherlands, in a US$19.5 million cash deal.
Kofax vrs alternative verification#
In September 2014, Kofax acquired Softpro, an e-signature and signature verification software company in Stuttgart, Germany, as a separate entity. was added to the Nasdaq Stock Market as (KFX). In the summer of 2013, Kofax added robotic process automation (RPA) developer Kapow Software (now: Kofax RPA). This acquisition enabled business process management (BPM) and case management software to exist through public or private SaaS (software as a service) platforms. In December, Kofax Inc.’s US$48 million bid to purchase London IT company Singularity was accepted. announced the acquisition of Atalasoft Inc., an image software company whose primary product was a document imaging toolkit named dotImage.
In January 2008, the company renamed Kofax Image Products, Inc. In November 2007, CEO Murphy was replaced by Reynolds Bish, former CEO of Captiva Software, now part of OpenText. In April 2003, Kofax acquired Mohomine Inc., an automated text classification and extraction developer. In 2002, Rick Murphy was named CEO of Kofax, and von Büren was promoted to CEO of Dicom Group. In July 2000, CEO and President Silver stepped down and was succeeded by Arnold von Büren, former deputy chief executive officer of Dicom. In July 1999, the company announced it would be purchased by UK-based holding company DICOM Group in a reported US$75 million cash deal, with the intent to pair Kofax Image Products, Inc.’s digital capture technology with DICOM Group's distribution services in Europe. In October 1997, the company went public on the Nasdaq market. In the 1990s the company continued to develop its core image processing technology. The company initially focused on making personal computer circuit boards to convert them into image-processing machines, and its first products were released in 1989. Silver became the company's chief executive officer and president. Kofax was founded in 1985 as Kofax Image Products by engineers Dean Hough and David Silver, who worked together at document processing company FileNet.