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February 11, 2014
05:49 EDTKFXKofax announces $650K investment by franchise operator in Middle East
Kofax announced that a major retail franchise operator in the Middle East has invested more than $650,000 in a Kofax solution to fully automate its accounts payable function. The company selected Kofax MarkView for AP to capture and process more than 1.2M invoices or approximately 12 million pages of information per year and use Kofax Analytics for Capture to analyze the system’s performance, accuracy and productivity. The company’s increasingly high volume of invoices and aggressive plans for expansion drove its need for a capture and workflow solution that could quickly and intelligently manage millions of documents in a shared offsite service center, and integrate seamlessly with its Oracle E-Business Suite. After evaluating solutions from a variety of vendors, the company selected Kofax because it delivered the best combination of cost savings and analytics. The sale was comprised of approximately $400,000 in software licenses, $150,000 in professional services and $100,000 in maintenance. The transaction was closed and delivered during the quarter ended December 31, 2013.
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September 2, 2014
07:05 EDTKFXKofax sees FY15 revenue $339M-$347M, consensus $316.24M
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07:05 EDTKFXKofax reports Q4 EPS 7c, consensus 8c
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07:01 EDTKFXKofax acquires Softpro GmbH for $34.7M in cash
Kofax Limited announced that on September 1, 2014 it acquired Softpro GmbH, a provider of signature verification, fraud prevention and electronic signature software and services. Kofax acquired all of Softpro’s stock for total consideration of $34.7M in cash. Of this amount, $31.2M was paid as part of the closing of the transaction on September 1, 2014. An additional $1.1 million will be paid 90 days after closing, $1.2M will be paid one year from closing and $1.2M will be paid two years from closing, with said amounts being subject to certain indemnification terms and conditions. The Company expects to complete the integration of Softpro by the end of calendar year 2014.
August 28, 2014
05:46 EDTKFXKofax announces $450K sale of software
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