Kofax enables organizations to Work Like Tomorrow™ – today. Kofax’s Intelligent Automation software platform and solutions digitally transform document intensive workflows. Customers realize greater agility and resiliency by combining our process orchestration, cognitive capture, RPA, output management, analytics and mobile capabilities to speed time-to-value and increase competitiveness. Windows device driver information for Kofax Adrenaline 650 Ultra-Wide SCSI Adapter. The Kofax Adrenalin 650 Ultra-wide SCSI Adapter is an adapter card that is plugged into the computer to facilitate the work of scanners and produce high quality scanned images. It is referred to as an SCSI adapter as its interface is SCSI type. Make sure this fits by entering your model number.; Kofax Adrenaline 650iLV - scanner adapter - p/n 16700021-000 Rev.C storage - Ultra Wide SCSI - external Scanner adapter - plug-in card. Paired with capture software that digitizes your organization and transforms the way you leverage content, Kofax VRS Elite ® is a patented image enhancement and perfection software that dramatically improves manual scanning productivity and the efficiency of document capture processes.
S2040/S2050/S2070 KOFAX VRS Support. The Alaris s2040/s2050/s2070 Scanner has been certified by KOFAX with the following VRS versions: VRS Elite 5.1.1 KOFAX Scanner Configurator.
Type | Subsidiary |
---|---|
Industry | Computer software |
Founded | 1985 |
Founders | David Silver, Dean Hough (1985) |
Headquarters | Irvine, California |
Key people | Reynolds C. Bish (CEO) |
Products | Robotic process automation, Process Automation, Data integration, Customer communications management, Multichannel Information Capture, Analytics |
Revenue | $100 million (FY2014)[1] |
1,381 as of 2014 | |
Parent | Thoma Bravo |
Website | www.kofax.com |
Kofax Inc. (Kofax) is an American process automation software provider with international headquarters in Irvine, California.[2]
Founded in 1985, Kofax provides process management, robotic process automation, e-signature, and mobility and customer communication services to 25,000 customers in 70 countries throughout the Americas, EMEA, and Asia Pacific.[3] The company employs a staff of approximately 1,381 in 75 countries as of 2014.[4]
The company is an independent portfolio company owned by private equity firm Thoma Bravo.
History[edit]
Originally founded by Dean Hough and David Silver in 1985, the computer software company allows customers to capture, manage, and access shared digital information through capture software.[5][6]
Kofax Image Products Driver Updater
In the late 1990s and 2000s CEO and President Silver expanded the company's business.[7] Kofax Image Products, Inc. earned $4.2 million on sales of US$37 million by 1999.[8]
In July 1999, Kofax Image Products, Inc. announced it would be purchased by UK-based holding company DICOM Group in a reported US$75 million cash deal, with the intent to pair Kofax Image Products, Inc.’s digital capture technology with Dicom Group's distribution services in Europe.[9][10][11] DICOM was added to the Alternative Investment Market in 1996 before being listed on the London Stock Exchange in 1997.[12]
A focus on applications software, software rebranded for partners, and hardware was set in place by Dicom CEO Reynolds C. Bish.[13] Bish accepted the role as president, CEO, and executive director in November 2007, and oversaw the rebrand of Kofax Image Products, Inc. and Dicom Group to Kofax Inc. in January 2008.[14]
Kofax Software
In May 2011, Kofax Inc. acquired Atalasoft Inc., an image software company whose primary product was a document imaging toolkit named dotImage.[15] By December, Kofax Inc.’s US$48 million bid to purchase Singularity was accepted.[16] This acquisition enabled business process management (BPM) and case management software to exist through public or private SaaS (software as a service) platforms.[17]
In the summer of 2013, Kofax Inc. added robotic process automation (RPA) to its product range with Kapow Software. Continued expansion led to Kofax Inc.’s addition to the NASDAQ Stock Market in December 2013 as (KFX).[18] One year later, Kofax acquired Softpro, an e-signature and signature verification software company in Stuttgart, Germany, as a separate entity for US$34.7 million.[19] By March 2015, Kofax Inc. purchased Aia Holding, a customer communications management company in The Netherlands, in a US$19.5 million cash deal.[20][21]
As the demand for single platform software with mobile applications increased, Kofax introduced Document Workflow, Imaging, Intelligent Capture, and Business Process Management. A variety of companies on the Fortune Global 100 list, including Aetna, American Express, Cardinal Health, HSBC, MetLife, and Visa, incorporate Kofax's mobile applications for business and consumer use.[22][23] Collaboration between Visa and Kofax expanded in November 2014 when Visa increased efforts to simplify business-to-business (B2B) transactions between client-facing and electronic record keeping systems in the Asia Pacific region.[24][25]
Kofax TotalAgility, Kapow, and Altosoft Insight analytics products interact with Visa's business-to-business transaction processes.[26] In February 2018, The Bank of Tokyo-Mitsubishi adapted Kofax Kapow and Kofax TotalAgility to automate more than 2,000 business processes across all functions.[27]
On January 15, 2015, Kofax announced an international partnership with Xerox Corporation that added over US$300 million in shareholder value.[28]
Lexmark acquisition of Kofax[edit]
On March 24, 2015, Lexmark International, Inc. and Kofax Inc. entered into a merger agreement. Lexmark acquired outstanding shares of Kofax Inc. for US$11 per share, or approximately US$1 billion.[29][30] Shares of Kofax Inc. increased 45.73% ($10.93) after the company publicly announced the acquisition.[31] Once the acquisition settled, Kofax Inc. combined with Perceptive Software, a subsidiary of Lexmark, to form an expanded business content and management software unit of their parent company.[32][33]
The 2015 fiscal year of Kofax Inc. ended with US$297 million in revenue.[34] In the spring of 2016, Lexmark and its subsidiaries were acquired by an investment consortium led by Apex Technology Co. and PAG Asia Capital. The purchase was valued at US$3.6 billion.[35]
Thoma Bravo purchases Kofax[edit]
Thoma Bravo, a private equity and growth capital firm, secured the July 2017 acquisition of Lexmark's Enterprise Software business which consists of three entities: Kofax, ReadSoft, and Perceptive Software.[36] Following this, Kofax and ReadSoft combined into a single, newly independent Thoma Bravo portfolio company.[37]
Kofax acquisition of Nuance Document Imaging[edit]
On February 1, 2019, Kofax announced the closing of its acquisition of Nuance Communications' Document Imaging Division.[38] By means of this acquisition, Kofax gained Nuance's Power PDF, PaperPort document management, and OmniPage optical character recognition software applications.
Kofax acquisition of Top Image Systems[edit]
On May 6, 2019, Kofax announced the closing of its acquisition of Top Image Systems (NASDAQ:TISA)(TIS).[39] The acquisition strengthens and enhances Kofax’s Digital Capture and SaaS-based capabilities, allowing the company to further advance the secure cloud capabilities of its Intelligent Automation platform.
References[edit]
- ^Annual Report 2013
- ^'Perceptive Software's owner makes $1 billion acquisition'. The Kansas City Star. March 24, 2015. Retrieved May 7, 2018.
- ^'Lexmark Enters Agreement to Acquire California-Based Kofax for $1 Billion'. MMIT Business Solutions Group. October 28, 2016. Retrieved May 7, 2018.
- ^'Kofax Limited'. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 2014. Retrieved May 7, 2018.
- ^'Lexmark Enters Agreement to Acquire California-Based Kofax for $1 Billion'. MMIT Business Solutions Group. October 28, 2016. Retrieved May 7, 2018.
- ^'Davil Silver'. Bloomberg. 2018. Retrieved May 7, 2018.
- ^'David Silver'. Bloomberg. 2018. Retrieved May 7, 2018.
- ^'Kofax to Be Purchased for $75 Million in Cash'. Los Angeles Times. July 20, 1999. Retrieved May 7, 2018.
- ^'Kofax Company Description'. IT History Society. 2018. Retrieved May 7, 2018.
- ^'Kofax acquired by international investment group'. KMWorld. July 30, 1999. Retrieved June 7, 2018.
- ^'Kofax to Be Purchased for $75 Million in Cash'. Los Angeles Times. July 20, 1999. Retrieved May 7, 2018.
- ^'Kofax Ltd'. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 2014. Retrieved May 6, 2018.
- ^'Kofax Appoints Reynolds Bish as CEO'. ECM Connection. November 8, 2007. Retrieved May 7, 2018.
- ^'Company Overview of Kofax Limited, Reynolds Carl Bish'. Bloomberg. 2018. Retrieved May 7, 2018.
- ^'Kofax Limited'. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 2013. Retrieved May 7, 2018.
- ^'US takeover for Londonderry IT firm Singularity'. BBC News. December 6, 2011. Retrieved May 7, 2018.
- ^'Kofax Acquires Singularity; Unifies Document Capture and BPM for On-Premise, Cloud'. Integration Developer News. 2018. Retrieved May 7, 2018.
- ^'KOFAX LTD (KFX) IPO'. NASDAQ. 2018. Retrieved May 7, 2018.
- ^'Softpro acquired by Kofax'. Crunchbase. 2014. Retrieved May 7, 2018.
- ^'Consumers are finally ready for paperless transactions. Are you?'. Fortune. March 12, 2015. Retrieved May 7, 2018.
- ^'Kofax acquires Aia for $19.5 million'. Housing Wire. March 12, 2015. Retrieved May 7, 2018.
- ^'Kofax TotalAgility'. CabinetM. 2018. Retrieved May 7, 2018.
- ^'Lexmark Acquires Kofax to Double its ECM BPM Business'. Forbes. 2015. Retrieved May 7, 2018.
- ^'Kofax, Visa Cut B2B Payments Deal'. PYMNTS. November 5, 2014. Retrieved May 7, 2018.
- ^'Visa, Kofax Work to Modernize B2B Payments in Asia'. PaymentsSource. December 8, 2014. Retrieved May 7, 2018.
- ^'Visa banks on Kofax for transaction data management in APAC'. Digital News Asia. November 11, 2014. Retrieved May 7, 2018.
- ^'Tokyo-headquartered bank adopts RPA technology'. KM World. February 26, 2018. Retrieved May 7, 2018.
- ^'LEXMARK TO ACQUIRE KOFAX FOR $1B: IMPACT ON THE CAPTURE MARKET'. Ephesoft. April 2, 2015. Retrieved May 7, 2018.
- ^'Lexmark to Acquire Kofax'. SEC GOV. March 24, 2015. Retrieved May 7, 2018.
- ^'Perceptive Software's owner makes $1 billion acquisition'. The Kansas City Star. March 24, 2015. Retrieved May 7, 2018.
- ^'Kofax (KFX) Stock Skyrocketing Today on Lexmark Acquisition'. The Street. March 25, 2015. Retrieved May 7, 2018.
- ^'Perceptive Software's owner makes $1 billion acquisition'. The Kansas City Star. March 24, 2015. Retrieved May 7, 2018.
- ^'Kofax (KFX) Stock Skyrocketing Today on Lexmark Acquisition'. The Street. March 25, 2015. Retrieved May 7, 2018.
- ^'Perceptive Software's owner makes $1 billion acquisition'. The Kansas City Star. March 24, 2015. Retrieved May 7, 2018.
- ^'Lexmark to Be Bought by Apex, PAG Asia in $3.6 Billion Deal'. Bloomberg. April 19, 2016. Retrieved May 7, 2018.
- ^'Thoma Bravo to Acquire Lexmark's Kofax'. Finovate. May 8, 2017. Retrieved May 8, 2018.
- ^'Thoma Bravo to Acquire Lexmark's Kofax'. Finovate. May 8, 2017. Retrieved May 8, 2018.
- ^'Kofax Announces the Closing of its Acquisition of Nuance Document Imaging'. Kofax Inc. February 1, 2019. Retrieved February 1, 2019.
- ^'Kofax Announces the Closing of its Acquisition of Top Image Systems | Kofax'. www.kofax.com. Retrieved 2020-11-16.
When it comes to the content your organization captures, there’s a domino effect to the quality of the scans and efficiency of the capture process. If documents take too much time to sort and prepare and imperfect images are sent to business processes, the success of downstream data extraction and retrieval is affected.
Kofax Vrs Downloads
Paired with capture software that digitizes your organization and transforms the way you leverage content, Kofax VRS Elite® is a patented image enhancement and perfection software that dramatically improves manual scanning productivity and the efficiency of document capture processes. It’s like having a quality control operator cleaning your toughest documents and revealing data so you can access accurate information when and where you need it.
Revolutionize Document Preparation
By dynamically evaluating each page and automatically applying the correct image quality settings, including enhancement, deskew, orientation, cropping and format, the solution reduces document preparation time. Color and black-and-white documents can be scanned together without sorting, and improved accuracy of OCR and/or ICR character recognition means fewer manual tasks and less operator intervention.
Produce a Perfect Image Every Time
Eliminate the need to rescan with automatic image correction, regardless of color, size, contrast, condition or content. Simple tools in the document imaging software enable operators to make quick repairs without having to touch the original document.
Improve Downstream Data Extraction and Retrieval
When high-quality images are sent to downstream processes, your success rate for data extraction and retrieval is dramatically enhanced. Better image quality results in better data quality, and better data quality results in better decision-making