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Nuance Imaging Division was just sold to Kofax for $400 Million Cash

VinceMcHughVinceMcHughMaven VIP

Hi All,

I just heard this from my Nuance Guy, now Kofax guy that all of Nuance Imaging Division (eCopy, AutoStore, Equitrac, CopiTrack, etc) was sold to Kofax. I think that this could be a good thing for the Dealer Channel as Nuance seemed a little lost figuring out how to do non-drop ship business. Hopefully we will also see some of that cool Kofax Processing ability make it into these products. That could be a real differentiator for ShareScan or AutoStore if they could have Kofax Proccesing right in the MFD App!!!! It could be a reason to choose their embedded app over the standard scanning offerings.

That's my $0.02

Vince McHugh

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Art PostArt PostAdmin VIP

Vince

THanx for this. I just pulled up a recent Wikipedia on them:

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 would combine into a single, newly independent Thoma Bravo portfolio company.[37]

The First Mile[edit]

The “First Mile” is a trademark of Kofax that is intended to describe the initial information-intensive interactions customers have with an organization, such as loan applications, claim submissions, and new account openings.

Recognition[edit]

In 2015, Kofax was named the Most Innovative Solution for Banking Customer Authentication by Grand Prix Banque & Innovation.[38] By 2017, the brand was recognized as a Best Channel Vendor by Business Solutions Magazine in January, a Hot Vendor in Robotic Process Automation in September, and the Most Innovative Solution for Banking Customer Authentication by Grand Prix Banque & Innovation in October.[39][40][41] Kofax Kapow was added to Constellation ShortList for Robotic Process Automation in February 2018.[42]

Products and services[edit]

The product and professional services of Kofax Inc. are managed by Kofax employees and approximately 850 authorized retailers.[43]

  • Kofax Kapow: Robotic Process Automation and web data integration[44]
  • Kofax Insight: Rapid, no-coding development, near real-time reporting, dashboard, visualization and extract, transform, load (ETL) capabilities for both data and process analytics.[45]
  • Kofax TotalAgility: Multi-channel capture, business process and case management, data integration, advanced analytics and mobility in a single platform[46]
  • Kofax ReadSoft Online: Cloud-based invoice processing automation solution with a low support/maintenance cost for consumers[47]
  • Kofax Capture: Scan documents and forms to replicate digital information to extract[48]
  • Kofax SignDoc: E-signature solution that can be integrated with Kofax FraudOne to capture signatures at new account opening and pass them to a database for verification.[49]

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