Global Transport Agency Invests $1.9 Million in Kofax Software

Kofax^® Limited (NASDAQ: KFX) (LSE: KFX), a leading provider of software to simplify and transform the First Mile™ of customer engagements, today announced that a leading global transport and logistics services provider based in Europe has invested $1.9 million to expand its Kofax Capture™ based solution. The company has chosen Kofax as its global standard to automate the capture and indexing of tens of millions of shipment related documents, including bills of lading, invoices and import/export certificates, for easy access and expedited customs clearance.

"In the transportation and logistics business, shipment delays can be costly and damage customer relationships," said Howard Dratler, Executive Vice President of Field Operations at Kofax. "As one of the world’s largest shippers, this firm sought to eliminate manual and inconsistent regional processes and standardize globally in order to speed the capture and availability of business critical information."

The solution includes:

Kofax Capture™ provides industry leading scan-to-archive capabilities by scanning documents and forms to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications.

Kofax Transformation Modules™ is an integrated platform of applications that streamline the transformation of different document types into structured electronic information, ready for delivery into business systems and processes.

Kofax Front Office Server™ extends existing Kofax capture business processes to customer facing employees seeking to initiate transactions, workflows and capture processes at the earliest possibility.

Kofax VirtualReScan^® Elite is Kofax’s patented image enhancement and perfection software. Kofax VRS Elite reduces the time involved in manual document preparation and enhances the quality of scanned images, dramatically improving both manual scanning productivity and the efficiency of document capture processes.

This was a multi-phased purchase with contracts closing in May, September and December 2014 totaling more than $1.3 million in software license revenue and $600,000 in professional and maintenance services. The May contract included more than $560,000 in license revenue and more than $250,000 in professional and maintenance services; the September contract more than $90,000 in professional services; and the December contract more than $740,000 in license revenue and more than $230,000 in professional and maintenance services.

About Kofax

Kofax is a leading provider of software to simplify and transform the First Mile™ of customer engagements. Success in the First Mile can dramatically improve the customer experience, greatly reduce operating costs and increase competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers these through its direct sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2015 Kofax Limited. Kofax and VirtualReScan are registered trademarks and First Mile, Kofax Capture, Kofax Transformation Modules, Kofax VirtualReScan Elite and Kofax Front Office Server are trademarks of Kofax Limited.

Source: Kofax