Kofax to Acquire Top Image Systems
February 04 2019 - 8:16AM
Kofax®, a leading supplier of Intelligent Automation software to
automate and digitally transform end-to-end business processes,
today announced it has entered into a definitive agreement to
acquire Top Image Systems™ Ltd. (NASDAQ:TISA) (TIS), a global
innovator of on premise and cloud based applications that optimize
content-driven business processes.
“TIS customers will enjoy single-vendor access
to Kofax’s Intelligent Automation solutions which deliver increased
efficiency, enabling the human and digital workforces of tomorrow,”
said Reynolds C. Bish, Chief Executive Officer of Kofax.
“Leveraging TIS’ SaaS expertise will assist us as we further
advance the secure cloud capabilities of our end-to-end Intelligent
Automation platform.”
TIS’ on-premise and cloud-based applications
automatically capture, process and deliver content across
enterprise applications, transforming information entering an
organization into useful and accessible electronic data and
delivering it, with minimal manual handling, to the relevant
business system or person.
“We’re excited by the opportunity to join forces
with Kofax,” said Brendan F. Reidy, Chief Executive Officer of TIS.
“Together we’ll be able to provide a broader and deeper range of
offerings to our customers, while leveraging the strength and
stability that comes with being part of a larger global
organization.”
The transaction is expected to close by the end
of June 2019. Upon closing, Kofax will continue to support TIS’
products and customers.
About Kofax
Kofax software enables organizations to Work
Like Tomorrow™–today. Kofax’s Intelligent Automation software
platform helps organizations transform information-intensive
business processes, reduce manual work and errors, minimize costs,
and improve customer engagement. We combine RPA, cognitive
capture, process orchestration, mobility and engagement, and
analytics to ease implementations and deliver dramatic results that
mitigate compliance risk and increase competitiveness, growth and
profitability. Kofax provides a rapid return on investment for over
20,000 customers in financial services, insurance, government,
healthcare, supply chain, business process outsourcing and other
markets. Kofax delivers its software and solutions through its
direct sales and services organization and more than 650 indirect
channel partners and integrators in more than 60 countries
throughout the Americas, EMEA and Asia Pacific. For more
information, visit kofax.com.
© 2019 Kofax, Inc. Kofax is a registered
trademark of Kofax Limited.Source: KOFAX
Media Contact:
Amanda Ingalls
+1 (949) 783-1595
amanda.ingalls@kofax.com
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