Acquisition Extends Kofax’s Position in the Intelligent Automation Software Market and Enhances its Intelligent Document Processing Capabilities
Kofax®, a leading supplier of Intelligent Automation software for digital workflow transformation, backed by TA Associates and Clearlake Capital Group, L.P., today announced it has acquired Ephesoft Inc.. The acquisition will add to Kofax’s intelligent document processing (IDP) solutions and go-to-market channels. With global coverage and cloud solutions, the combined company will provide organizations with value-add solutions to accelerate deployments. Financial terms of the transaction were not disclosed.
We’ve grown Ephesoft to provide a comprehensive set of value-add intelligent document processing capabilities and look forward to continuing that growth as part of Kofax,” said Ike Kavas, Founder and Chief Executive Officer at Ephesoft. “Kofax will enhance Ephesoft’s go-to-market reach and ability to scale the business. Our customers will also benefit from Kofax’s larger market reach, and together we’ll be able to offer them the broadest range of software and solutions to accelerate their digital workflow transformation journeys.”
Kofax will continue supporting Ephesoft’s products and customers, and Mr. Kavas will continue leading Ephesoft’s organizational efforts.
Read more: Business Wire
