|By Business Wire||
|July 17, 2014 02:00 AM EDT||
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.
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.
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