Kofax Lands $2 Million Deal

Share This Post

Share on linkedin
Share on twitter
Share on email

During Kofax’s third-quarter financials conference call, CEO Reynolds Bish certainly expressed confidence that the Irvine, CA-based document capture and BPM ISV would rebound strongly in the fourth quarter. A couple of large wins indicate that Bish’s predictions may be on target. A little more than a week after announcing a $5 million sale to “an agency of the U.S. government [that] has selected Kofax for a large scale, nationwide capture project,” Kofax has followed up by announcing a sale exceeding $2 million to “a top 10 global banking group headquartered in Western Europe.”

The deal is an extension of a current Kofax implementation and includes Capture, Transform, and Monitor licenses. In addition to helping Kofax reach Bish’s Q4 goal of $69 million in revenue from Kofax’s “core capture business,” the deal should help boost Kofax’s European sales, which have been sluggish as of late.

Subscribe To Our Newsletter

Get updates and learn from the best

Latest Blog Articles