Irvine, CA (Nov. 12, 2018) — Kofax, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end business processes, today announced it entered into a definitive agreement to acquire Nuance Document Imaging (NDI), a division of Nuance Communications Inc. (NASDAQ: NUAN). Kofax is reportedly paying $400 million for NDI.
NDI provides software to help organizations optimize their information-based capture and print processes from being labor intensive, error prone and costly, into becoming highly efficient, automated and secure. The company’s products assist organizations in complying with information security policies and regulations, reducing risk and ensuring employees have complete control over documents and information. Nuance’s cross-platform compatibility provides seamless deployment across multi-function printers (MFPs), printers, desktops and mobile devices. Nuance solutions deliver a consistent, familiar and intuitive user-experience for more efficient and natural interactions with technologies used to create, capture, print and process documents.
“Through the acquisition of Nuance’s document imaging division, Kofax will drive customer value by adding key technologies, including cloud compatibility, scan-to-archive, scan-to-workflow, print management and document security, to our end-to-end Intelligent Automation platform,” said Reynolds C. Bish, CEO of Kofax. “In addition we will now be able to combine the best capture and print management capabilities available in the market into one product portfolio.”
NDI is the recognized leader in worldwide device and print management. More than 6 million knowledge workers use NDI’s Capture and Workflow solutions. The company has more than 100,000 active deployments of its Print Management solutions. Through today’s acquisition, Kofax becomes the global leader in capture and print management.
“Nuance’s comprehensive solutions allow organizations to streamline and eliminate gaps across the full spectrum of workflows spanning the lifecycle of documents from origin to archiving,” said Al Monserrat, EVP and general manager, Imaging Division at Nuance Communications. “With Kofax, our customers will benefit from the complementary and expanded capabilities of Kofax’s Intelligent Automation platform with solutions that cater to their unique needs.”
The transaction is expected to close by the end of Q1, 2019.
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About Kofax
Kofax is a leading supplier of software and solutions to automate and digitally transform human and information intensive processes across front and back office operations. These can dramatically improve customer engagement, greatly reduce operating costs, mitigate compliance risk and increase competitiveness, growth and profitability. Its broad range of software and solutions can be deployed in the cloud or on premise, and include robotic process automation, business process management, multichannel capture and other critically important capabilities. These provide a rapid return on investment to over 20,000 Kofax 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 in more than 60 countries throughout the Americas, EMEA and Asia Pacific.
