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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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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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