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Major Global Wealth and Asset Manager in Europe Invests $700,000 in Kofax Kapow Software

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- Feb 19, 2015 – IRVINE, CA--(BUSINESS WIRE)-- Kofax® Limited (NASDAQ and LSE: KFX), a leading provider of smart process applications that simplify and transform the First Mile™ of customer engagement, today announced that a major global wealth and asset management company headquartered in western Europe has invested more than $700,000 in Kofax Kapow™ software to automate analyst research and provide superior intelligence for client investment decisions.

Kofax Kapow will access, aggregate, transform and deliver the near real time, quality data the company's more than 2,000 research analysts need to publish customized client reports. Internal and external structured and unstructured content can be easily merged with proprietary client data to provide more context for better investment decisions. Kapow can also feed the resulting reports to a third party translation application in order to then deliver them in any language. Because Kapow dramatically increases research analyst efficiency and productivity, the company can take on more projects, all with the quality, control and flexibility required.

This sale represents a significant cross-sell success to a customer who previously invested more than $4.0 million dollars with Kofax to deploy Kofax TotalAgility® and Kofax Altosoft Insight™ to capture, classify, process, act upon and analyze more than 20 million financial documents received from customers each year.

"Using Kapow, research analysts can provide superior investment counseling faster and in a more productive manner, allowing the company to better manage and grow its business. This follow on order is a testament to the increasing business value we can provide to our customers," said Howard Dratler, Executive Vice President of Field Operations at Kofax.

Kofax Kapow is the fastest way to acquire, enhance, and deliver information to enterprise applications. The software automates the acquisition and integration of information - in particular from websites and web portals - to an organization's business applications, without the need for coding. Information that was previously unattainable, unusable or costly to integrate becomes readily consumable to drive productivity and add insight into the decision making process.

This sale closed in the second quarter of Kofax's fiscal year 2015 and totaled more than $600,000 in software license and $100,000 in maintenance revenue.

About Kofax

Kofax is a leading provider of smart process applications to simplify and transform the First Mile of customer engagement. Success in the First Mile can dramatically improve the customer experience, greatly reduce operating costs and increase 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, supply chain, business process outsourcing and other markets. Kofax delivers these through its direct 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.

© 2015 Kofax Limited. Kofax and TotalAgility are registered trademarks and First Mile, Kofax Kapow, and Kofax Altosoft Insight are trademarks of Kofax Limited.

Source: Kofax

Media
Kofax
Laura Brandlin, +1-949-783-1545
Director, Communications
laura.brandlin@kofax.com
or
Investor Contacts:
MKR Group Inc.
Todd Kehrli, +1-323-468-2300
kfx@mkr-group.com
or
FTI Consulting
Chris Lane, +44 (0) 20 3727 1000
kofax@fticonsulting.com

Source: Kofax