Kofax® Limited (NASDAQ and LSE: KFX), a leading provider of smart
process applications for the business critical First Mile™ of customer
interactions, today announced that a Fortune 1000 information storage
and management provider has invested over $3.5 million to expand its
existing Kofax software installation, which will now process more than
one billion documents each year. The software includes Kofax Capture™,
Kofax Transformation Modules™ and Kofax Analytics for Capture™ as well
as initial, limited deployments of Kofax TotalAgility® and Kapow
"This customer is a model of how Kofax's 20,000 existing customers can
benefit by taking advantage of the ever evolving and increasingly
greater value proposition made possible by our product development and
acquisition strategy," said Howard Dratler, Executive Vice President of
Field Operations at Kofax. "Kofax's core products enabled it to automate
the capture of critical information from any source for increased
efficiency and reduced operating costs. With this latest investment, the
customer will scale those capabilities to accommodate a growing volume
of information and provide a higher level of service to its customers.
It will also incorporate the newest additions to the Kofax portfolio -
our leading smart process applications platform as well as our analytics
and data integration capabilities - to make better decisions and achieve
even greater competitive advantage."
The sale, which consisted of $3.0 million of software license revenue
and over $500,000 of maintenance fees, closed in July of 2014 and
represents one of the seven figure software license revenue transactions
that slipped from the fourth quarter of Kofax's fiscal year ended June
Kofax Capture provides industry leading scan-to-archive capabilities by
scanning documents and forms to create digital images, extracting index
data for retrieval purposes and delivering the images and associated
data to a variety of repositories and applications.
Kofax Transformation Modules (KTM) is an integrated platform of
applications that streamline the transformation of different document
types into structured electronic information, ready for delivery into
business systems and processes.
Kofax Analytics for Capture provides optimized out-of-the-box dashboards
that elevate visibility into the effectiveness of a capture solution.
Kofax TotalAgility is the world's first unified smart process
application development and deployment platform. It provides an
essential link between an organization's systems of engagement and
systems of record to help increase responsiveness to customers, improve
service levels and gain competitive advantage in order to better manage
and grow businesses while greatly reducing operating costs.
The Kapow Enterprise™ integration and work automation platform is the
fastest way to acquire, enhance, and deliver information to enterprise
applications. Information that was previously unattainable, unusable or
costly to integrate is now readily consumable to drive productivity and
insight into the decision making process.
Kofax is a leading provider of smart process applications for the
business critical First Mile of customer interactions. These begin with
an organization's systems of engagement, which generate real time,
information intensive communications from customers, and provide an
essential connection to their systems of record, which are typically
large scale, rigid enterprise applications and repositories not easily
adapted to more contemporary technology. Success in the First Mile can
dramatically improve an organization's customer experience and greatly
reduce operating costs, thus driving increased competitiveness, growth
and profitability. Kofax software and solutions provide a rapid return
on investment to more than 20,000 customers in financial services,
insurance, government, healthcare, business process outsourcing and
other markets. Kofax delivers these through its own sales and service
organization, and a global network of more than 800 authorized partners
in more than 75 countries throughout the Americas, EMEA and Asia
Pacific. For more information, visit kofax.com.
© 2014 Kofax Limited. Kofax and TotalAgility are registered
trademarks and First Mile, Kofax Capture, Kofax Transformation Modules
and Kofax Analytics for Capture and Kapow Enterprise are trademarks of
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