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Stock Market & Financial Investment News

News Breaks
January 14, 2014
05:39 EDTKFXMajor global insurance organization investes $3.7M in Kofax solutions
Kofax announced that a leading international insurance organization has invested $3.7M in Kofax software to expand and enhance the way it is capturing and processing documents within its property and casualty business. The company is using Kofax Capture and Kofax Transformation Modules to automatically capture and extract data from more than 160 million pages of documents per year, Kofax Analytics for Capture to monitor and analyze the entire process and implementing Kofax Mobile Capture to enable customers to submit documents using smart phones and tablets. The $3.7M was composed of $3M of software licenses and $700K of maintenance, and the sale was closed and delivered during the quarter ended December 31, 2013.
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July 17, 2014
05:46 EDTKFXKofax announces $3.5M investment by Fortune 1000 company
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July 16, 2014
05:41 EDTKFXKofax receives four patents in U.S., one patent in Japan
Kofax reported it was issued a patent by the Japan Patent Office, or JPO, and four new patents by the United States Patent and Trademark Office, or USPTO, in the first half of calendar year 2014. The company now has 46 issued patents and 76 pending applications, with 68 of the total relating to mobile imaging technologies. Patent 5,426,286 from JPO, issued January, covers technology for determining document validity, including those captured via mobile devices. Patent 8,749,839 issued by the USPTO in June expands Kofax’s VirtualReScan image perfection technology to images captured via mobile devices, and patent 8,677,249 issued by the USPTO in March covers technology for providing a user interface for structured and unstructured document inspection and manipulation, including those captured via mobile devices. Patents 8,693,043 and 8,719,197 issued by the USPTO in April and May, respectively, cover technologies for automatic document separation and document classification via machine learning that are currently utilized within Kofax software.

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