Global Information Storage and Management Provider Invests Over $3.5 Million in Kofax Software
July 17 2014 - 2:00AM
Business Wire
Represents One of the Seven Figure Software
License Revenue Transactions that Slipped From Q4 of Fiscal Year
2014
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 Enterprise™.
“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 30, 2014.
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.
About Kofax
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 Kofax Limited.
Source: Kofax
Kofax LimitedMedia Contact:Colleen Edwards, +1 (949)
783-1582Vice President, Corporate
Communicationscolleen.edwards@kofax.comorMKR Group Inc.Investor
Contacts:Todd Kehrli, +1 (323) 468-2300kfx@mkr-group.comorFTI
ConsultingSophie McMillan, +44 (0) 20 7831
3113kofax@fticonsulting.com
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