The acquisition by Clearlake Capital and TA Associates is expected to accelerate the growth and innovation of Kofax’s intelligent automation software platform, solutions and cloud capabilities.
Intelligent automation solutions provider Kofax announced July 25 that it has been acquired by private investment firm Clearlake Capital and private equity firm TA Associates. Clearlake Capital and TA Associates have completed the acquisition from former Kofax partner Thoma Bravo, though financial terms were not disclosed.
Reynolds C. Bish, Chief Executive Officer at Kofax, said: “Kofax has invested in its software and solutions to meet customers’ digital transformation needs as well as simplified cloud deployments and interoperability, expanded AI and machine learning, and enhanced user experiences to democratize automation for citizen developers. We’re grateful for Thoma Bravo’s partnership over the last five years and are excited for the next phase of our journey with Clearlake and TA. With their experience in driving growth through innovation and expansion, Kofax will continue to advance our software and solutions, expand our cloud services, and execute on our acquisition strategy.”
Kofax provides full, integrated process orchestration of Intelligent Document Processing and RPA in a single automation solution, alongside other features that cover a wide range of use cases. The intelligent automation platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs and improve customer engagement.
All the details about the acquisition can be found here.
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