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Kofax Releases Market Analysis by Independent Research Firm on Growth Potential for MCC, BPM, and SPA Markets



  Kofax Releases Market Analysis by Independent Research Firm on Growth
  Potential for MCC, BPM, and SPA Markets

  Study Assessing Growth in Capture, Business Process Management, and Smart
    Process Applications Estimates Markets Will Reach $14 Billion by 2016

Business Wire

IRVINE, Calif. -- February 8, 2013

Kofax, plc (LSE: KFX), a leading provider of smart process applications for
the business critical First Mile™ of customer interactions, today reported
that a commissioned study conducted by Forrester Consulting, a leading global
research and consulting firm, on behalf of Kofax identified market sizing and
growth forecasts for: the multichannel capture (MCC), the business process
management (BPM), and information intensive smart process application (SPA)
markets through 2016. The December 2012 study found that the combined market
opportunity for software and maintenance services at the end-user level will
grow from $7.1 billion in 2012 to $14.0 billion in 2016 at a compound annual
growth rate (CAGR) of 18.5 percent, effectively doubling in four years. Kofax
has exceptional strengths in these three markets and their combined growth
presents a significant opportunity for the Company.

Forrester found that the multichannel capture and business process management
markets are separate; however, smart process applications overlap with both
and cover new space. SPA is a nascent market that shows positive, exponential
growth in the short-to-medium term as enterprises shift their spending
patterns from developing their own applications in-house to purchasing them
from software vendors.

"Kofax is well positioned to capitalize on the information intensive SPAs
market as it leverages our core strengths in capture, BPM, dynamic case
management, and mobile solutions,” commented Reynolds C. Bish, chief executive
officer at Kofax. “SPAs accurately describe how Kofax has and continues to
help organizations improve the business critical First Mile of customer
interactions by providing a fluid bridge between their systems of engagement
and systems of record.”

Research Highlights

Forrester used both existing data and primary research to size and analyze the
MCC, BPM, and SPA markets. The primary research included a multi-country
survey with IT budget holders across the United States, United Kingdom,
France, Germany, and Russia.

Results revealed that the global MCC market, including production, on-demand,
and mobile capture, is forecasted to grow from $2.1 billion in 2012 at a 4.5
percent CAGR to $2.5 billion in 2016. A significant catalyst is mobile
capture, with 26 percent of survey respondents planning to implement mobile
capture in 12-24 months, and 47 percent planning to expand existing
implementations.

The BPM market includes traditional BPM, dynamic case management, and
integration centric BPM solutions. Forrester states that it is in a late
growth phase and focused where business processes are considered chaotic,
broad, and burdened with content. Forrester estimated the global BPM market
will grow from $4.4 billion in 2012 at a 14.6 percent CAGR to $7.6 billion in
2016.

Forrester found that SPAs is a new category of application software designed
to support industry specific business activities that are people intensive,
highly variable, loosely structured, and subject to frequent change. SPAs
automate both structured and unstructured work activities in support of
collaborative processes. SPAs contain all or most of the following core
features: document and content capture for incoming documents, forms, and
faxes relevant to the business activity; embedded analytical tools designed
for the business activity; collaboration capabilities for people to create
content needed for the activity; and BPM tools for executing the steps
involved in the activity.

These findings are summarized below:

                                                                    
                Segment             2012            2016             CAGR
                                                                      
                Capture             $2.1B           $2.5B            4.5%
                BPM                 $4.4B           $7.6B            14.6%
                Vertical SPAs       $0.6B           $3.9B            59.7%
                                                                      
                Total               $7.1B           $14.0B           18.5%
                                                                      

Bish continued, “Our vertical SPAs strategy – first initiated almost 12 months
ago – is focused on leveraging our capture, BPM, dynamic case management, and
mobile capabilities to provide packaged solutions for information intensive
customer engagement needs across many of our existing vertical markets. Our
opportunity in this market arises from the convergence of Kofax’s heritage and
vision in our product development and acquisition strategies.”

About Kofax

Kofax, plc (LSE: KFX) is a leading provider of innovative smart capture and
process automation software and solutions for the business critical First Mile
of customer interactions. These begin with an organization’s Systems of
Engagement, which generate real time, information intensive communications
from customers, and provide a fluid bridge to their Systems of Record, which
are typically large scale, rigid enterprise applications and repositories not
easily adapted to more contemporary technology. Success in the First Mile can
dramatically improve an organization’s customer experience and greatly reduce
operating costs, thus driving increased competitiveness, growth, and
profitability. Kofax software and solutions provide a rapid return on
investment to more than 20,000 customers in banking, insurance, government,
healthcare, business process outsourcing, and other markets. Kofax delivers
these through its own 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.

© 2013 Kofax, plc. “Kofax” is a registered trademark and “First Mile” is a
trademark of Kofax, plc.

Contact:

Media Contact:
Kofax, plc
Colleen Edwards
Vice President, Corporate Communications
+1 (949) 783-1582
colleen.edwards@kofax.com
or
Investor Contact:
MKR Group, Inc.
Charles Messman or Todd Kehrli
+1 (323) 468-2300
kfx@mkr-group.com
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