Kofax Limited provides smart process applications software and related maintenance and professional services. The company’s software enables organizations to design, deploy, and operate comprehensive systems that create an essential link between their systems of engagement, which generate real time, information-intensive communications from constituents, and their systems of record, which are large scale enterprise applications and repositories used to manage their internal operations. Strategy The company’s strategies include the following: broaden the company’s software offerings and markets; further penetrate installed user base; expand and optimize Hybrid Go-To-Market Model; and pursue strategic acquisitions. Software Products and Related Services The company’s smart process applications software and related services include an array of offerings. Software The company’s smart process applications software combines industry capture, business process and dynamic case management, collaboration and analytics capabilities to automate the processes needed to capture and extract information, and then analyze, act upon and deliver that information to systems of record. Its software uses complex queuing algorithms to ensure sub-second response times and minimize the number of system calls required to complete tasks, and include some or all of the following steps and capabilities: controlling and directing scanners, multi-function peripherals, mobile devices and other hardware that transform paper-based communications into digital images; importing communications received in an electronic format; enhancing images for better viewing and information extraction purposes; identifying and classifying communication types; separating individual communications into logical parts, such as pages, documents and attachments; applying various information extraction technologies; applying business rules against the extracted information; comparing the extracted information to relevant sources, such as databases in other enterprise software applications; routing erroneous or suspicious extracted information to knowledge workers to correct, enter or resolve; routing the validated information extracted to knowledge workers and constituents to act upon as required to complete the processes; using dynamic case management capabilities to deal with unpredictable workflow requirements; collaborating with and enabling constituents to obtain missing or trailing documents; viewing and manipulating graphical reports produced by its analytics software and enables users to make more intelligent decisions sooner than otherwise possible; repurposing or properly formatting the extracted information and images for delivery; and delivering the extracted information and images to other enterprise software applications and repositories. The company’s software can be used on standalone personal computers, client-server platforms and Microsoft Windows Azure as a software as a service (SaaS) offering. Much of its software includes modules that function as servers, which means that their resources can be shared by multiple users and that additional modules can be added as required to address more complex processing or greater throughput requirements. Most of its software is available in United States English, French, German, Italian, Portuguese, Spanish, Russian, Chinese and Japanese. The company had approximately 20,000 active installations of its software with users in financial services, insurance, government, healthcare, supply chain (manufacturing, distribution, retail and logistics), business process outsourcing and other vertical markets. Services The company offers various services that allow the company to address the deployment and support needs of its users and to a lesser extent its indirect channel. The company’s professional services staff provides training, project management, functional and detailed specification preparation, configuration, testing, and installation services, to its users. The company’s technical services staff provides maintenance for the dependable and timely resolution of technical inquiries via telephone, email and the Internet. Seasonality The company’s first and third quarters have historically been seasonally weaker than the second and fourth quarters. Regulations The company’s foreign operations (particularly in those countries with developing economies) are subject to risks of violations of laws prohibiting improper payments and bribery, including the U.K. Bribery Act, U.S. Foreign Corrupt Practices Act and similar regulations in foreign jurisdictions. Significant Events In October 2014, Kofax Limited announced that it has invested for Kofax TotalAgility, Kofax Altosoft Insight and services with the goals of improving compliance, minimizing manual processes, increasing productivity and reducing costs associated with new account enrollments and invoicing. Competition The company’s principal competitors are companies addressing various segments of the capture, BPM and smart process applications markets, including EMC, IBM, Lexmark, Nuance, and OpenText. History Kofax Limited was founded in 1985.
kofax ltd (KFX:London)
15211 Laguna Canyon Road
Irvine, CA 92618
|BasWare OYJ||€37.99 EUR||-0.18|
|Bottomline Technologies de Inc||$24.77 USD||+0.93|
|Itesoft SA||€3.45 EUR||+0.08|
|Mitek Systems Inc||$3.43 USD||-0.42|
|Top Image Systems Ltd||$2.94 USD||+0.05|
|View Industry Companies|
Sponsored Financial Commentaries
To contact KOFAX LTD, please visit www.kofax.com. Company data is provided by Capital IQ. Please use this form to report any data issues.