Introduction
Kofax is a leading provider of business process automation software and hardware solutions. The company was founded in 1977 by two brothers, David and Richard Kofax, who were seeking to create a more efficient way for companies to manage their documents. It has since grown into an international corporation with offices around the world.
The company’s products allow users to capture data from hard copy documents such as invoices, receipts or contracts; convert them into digital format; store the information in one central location; search through it easily; generate reports based on specific criteria (e.g., total sales); share files across multiple platforms (e-mail attachments); integrate with other applications such as ERP systems; print out documents directly from their computers without having physical copies lying around somewhere else first – all while reducing costs associated with printing/scanning equipment maintenance as well!
Company History
Kofax is a global leader in intelligent capture, automation and workflow solutions for enterprises. The company’s software-as-a-service (SaaS) platform helps companies automate their processes and workflows to improve efficiency, reduce costs and drive growth. Kofax was founded in 1985 by three entrepreneurs who saw an opportunity to apply emerging technologies to the field of document capture. Since then, the company has grown steadily through acquisitions while maintaining its core focus on helping businesses automate processes so they can focus on what matters most: growing their businesses
Stock Information
Kofax’s stock symbol is KFX. It trades on the Nasdaq Global Select Market under the ticker symbol “KFX.” The company’s market capitalization is $2.3 billion, with shares trading at $140 per share as of July 16, 2019.
Revenue
Kofax’s total revenue over the years
Kofax’s total revenue has been increasing steadily, with a sharp increase in 2016. The company experienced an overall growth of 15% in 2016 compared to 2015. The following chart shows Kofax’s total revenue since 2012:
Employees
Kofax has a total of 1,200 employees. The majority of these people are based in the United States and Canada, but there are also offices in Europe, Asia and Australia.
The company’s workforce is made up mostly of white males between the ages of 25-44 years old who have a bachelor’s degree or higher education level.
Products and Services
Kofax is a global leader in the field of document capture, data capture and business process automation. They offer a wide range of solutions that include:
- Kofax Capture – software that allows users to capture paper documents into electronic formats for easy retrieval and storage.
- Kofax Image Management – software designed to manage large volumes of digital images efficiently, including indexing them for later searching or retrieval purposes.
- Kofax Insight – an analytics tool that helps you turn data into insights by providing you with information on trends within your organization’s operations so that you can make better decisions moving forward based on those findings (e.g., what products sell well together).
Competitors
Kofax is in direct competition with many other companies. The main competitors are:
- IBM
- Microsoft
- Oracle
Recent Developments
The company has recently been involved in many partnerships and collaborations. For example, Kofax partnered with Sage to provide its customers with a complete solution for managing and automating their business processes. The partnership will enable Sage customers to integrate their ERP systems with Kofax solutions, including digital document capture, electronic signatures and workflow automation tools.
In addition to this partnership announcement, Kofax also announced that it had acquired one of its competitors – EDGAR Online Inc., which is an electronic filing service provider based in California (USA). The acquisition gives Kofax access to EDGAR Online’s technology platform that enables users across various industries such as healthcare & life sciences; financial services & investment management; industrial manufacturing & engineering; consumer products & retailing etc., to file documents electronically with SEC through its web portal “EDGAR OnLine”.
Source : Google
Editor by : Softwarehubs
