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B. RILEY Acts as Exclusive Financial Advisor to Kofax Limited in Its Acquisition of Softpro

LOS ANGELES and ORANGE COUNTY, Calif., Sept. 2, 2014 /PRNewswire/ -- B. Riley & Co., LLC, (B. RILEY) (www.brileyco.com) a leading investment bank providing a full array of corporate finance, research, sales and trading services, has served as exclusive financial advisor to Kofax Limited (NASDAQ and LSE: KFX) in its acquisition of Softpro GmbH.

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The transaction closed September 1, 2014.  Kofax acquired all of Softpro's stock for total consideration of $34.7 million in cash. Of this amount, $31.2 million was paid as part of the closing of the transaction. An additional $1.1 million will be paid 90 days after closing, $1.2 million will be paid one year from closing and $1.2 million will be paid two years from closing, with said amounts being subject to certain indemnification terms and conditions.

B. RILEY's Managing Director Adam Little initiated the transaction and led the banking team on behalf of Kofax.

B. RILEY's experience in the e-signature space "allowed us to identify Softpro as a highly respected e-signature company which was well aligned with Kofax's business growth strategies," said Mr. Little.  "Kofax has done a tremendous job building out a suite of innovative, world class business process solutions.  Softpro's unique technologies and global customer base will make an excellent complement to the Kofax offering." 

Irvine, California-based Kofax (www.kofax.com) 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. Kofax services more than 20,000 customers in financial services, insurance, government, healthcare, business process outsourcing and other markets. Kofax operates in more than 75 countries throughout the Americas, EMEA and Asia Pacific.  

Headquartered in Boeblingen near Stuttgart, Germany, Softpro (www.softpro.de) is highly specialized in its particular niche of trustworthy processing handwritten signatures in digital workflows. The company develops and markets tools, products and solutions for digital capture, management and verification of signatures. Softpro solutions currently are used in more than fifty countries on five continents, in the following industries: Banking, Insurance, Retail, Telecommunications, Public Administration and Health industries, among many others.

About B. RILEY:  

B. Riley & Co. LLC, (B. RILEY) is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and mergers and acquisitions advisory to public and private companies. The firm is nationally recognized for its highly ranked proprietary equity research.  

B. RILEY recently combined with Great American Group, Inc. (OTCBB:GAMR), a leading provider of advisory and valuation services, asset disposition and auction solutions, capital investment, and real estate advisory services.

B. RILEY is headquartered in Los Angeles and maintains offices in New York, San Francisco and Newport Beach.  It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com or call 310-966-1444.

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SOURCE B. Riley & Co., LLC

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