This article contains wording that promotes the subject in a subjective manner without imparting real information. (March 2014) (Learn how and when to remove this template message)
Kofax Offices in Chineham
|Traded as||NASDAQ: KFX|
|Founders||David Silver, Dean Hough, Craig Bufton (1985)|
|Greg Lock, (Chairman)
Reynolds C. Bish, (CEO)
|Products||Multichannel Information Capture, Process Management, Data Integration, Customer Communications Management, Analytics|
|Revenue||$266.3 million (FY2013)|
|$46.3 million (FY2013)|
|$16.5 million (FY2013)|
Number of employees
Kofax Limited is subsidiary of Lexmark based in Irvine, California. It produces applications software that provides information capture, process management, data integration, customer communications management and analytics.
The company was founded in 1985 and was acquired by Dicom Group in 1999. It floated in the Alternative Investment Market in 1996 and was first listed on the London Stock Exchange in 1997. In January 2008 the parent company changed its name from Dicom Group to Kofax. In May 2011 Kofax acquired Atalasoft Inc., a small software firm whose primary product was a document imaging toolkit named dotImage. In December 2011 Kofax acquired Singularity Limited, a provider of business process management (BPM) and case management software. In July 2013 Kofax acquired Kapow Software, a data integration software provider. Kofax was first listed on the NASDAQ in December 2013. The company acquired Softpro in September 2014 and Aia Software in March 2015. In March 2015 Lexmark announced that it would acquire Kofax for roughly $1 billion.
In July 2017 Thoma Bravo acquired Lexmark Enterprise Software including Kofax.
Kofax & ReadSoft go forward under the Kofax Brand as a separate Portfolio Company whereas Perceptive Software, which was acquired by Lexmark International in 2010 for $280 million, becomes part of Hyland Software.
The "First Mile" is a trademark of Kofax;[not in citation given] it is intended to describe the initial information-intensive interactions customers have with an organization, such as loan applications, claims submissions, and new account openings. The company claims to make these initial interactions better for customers by providing software and technology applications - document capture, process management, dynamic case management, mobile applications and analytics software - to connect an organization's system of record (e.g., ERP, CRM and LOB systems) with its systems of engagement (e.g., email, fax, web portals, mobile devices).