Kofax Expands Capabilities of World’s First Smart Process Application Development and Deployment Platform
Kofax (Nasdaq: KFX) announced the release of TotalAgility® 7.2 this week, the latest update to its flagship product. According to the company’s announcement, the updated TotalAgility solution provides digital transaction management capabilities that can allow users to eliminate paper completely from the signature process. The new release of TotalAgility includes integration with Kofax’s SignDoc solution as well as its Customer Communications Manager offering, and provides an enhanced mobile experience in addition to a role-based user experience.
The updates to TotalAgility puts Kofax in a position to capture more of the contract management market, particularly given the addition of eSignature capabilities with the SignDoc integration. TotalAgility retains the strong scan-and-capture capabilities that Kofax has historically been known for, so updating the solution with new functionality — including analytics — can only strengthen the company’s position in the market. Read the full announcement at http://www.businesswire.com/news/home/20150422005281/en/Kofax-Expands-Capabilities-World%E2%80%99s-Smart-Process-Application#.VTjxuCFVikp.
Esker Q1 2015 Sales Activity: +23%; Cloud-Based Solutions Drive Record First Quarter
Esker, the France-based provider of scan-and-capture solutions, announced its first quarter 2015 sales numbers this week. Total sales in the first quarter grew 12% to €13.6 million from €10.9 million a year ago; these numbers represent a 23% quarter-over-quarter increase when taking current exchange rates into account. Sales of Esker’s cloud solutions drove most of the uptick, with revenue from SaaS solutions increasing 18%, based on a constant exchange rate, to €9.5 million from €7.4 million (a 28% increase using current exchange rates).
According to the company, these results mark Esker’s best quarter ever, with the company expecting growth to continue apace. Esker anticipates organic sales growth of 8% to 12% for the year, which would follow on a strong 2014 as well for the solution provider. Growth of 4% to 5% is also expected from the full integration of CalvaEDI, which should be finalized May 1. These results place Esker in solid compeitive position with other solution providers; it will be interesting to see how well the company performs over the next year. Read the full announcement at http://www.esker.com/data/press_releases/investors/Esker_Q1%202015%20Financial_April%202015.pdf.
Trade Finance Leader PrimeRevenue Announces $80 Million Investment from BBH Capital Partners and Battery Ventures to Continue Growth and New Product Innovation
PrimeRevenue announced early last week that they had completed an $80 million funding round led by BBH Capital Partners and Battery Ventures. The new investment capital will be used, according to the company, to speed customer acquisition and invest in the development of new funding solutions to augment the OpenSCi solution suite. Battery Ventures, already an investor, increased its stake in PrimeRevenue as a result of this new funding round, which also included some of PrimeRevenue’s management team.
PrimeRevenue processed more than $90 billion in trade volume through its platform in 2014, which comes as more enterprises are starting to take a look at squeezing more value out of their supply chains. The PrimeRevenue supply chain finance solution and others like it can provide an attractive vehicle for both buyers and suppliers to win out in a financial sense. It will interesting to see how PrimeRevenue makes use of the new capital over the year ahead. Read the full announcement at http://globenewswire.com/news-release/2015/04/14/724153/10128790/en/Trade-Finance-Leader-PrimeRevenue-Announces-80-Million-Investment-from-BBH-Capital-Partners-and-Battery-Ventures-to-Continue-Growth-and-New-Product-Innovation.html.
In Other News:
- France’s Oberthur Technologies has developed a battery-powered credit card that generates a new security code, or CVV, every 40 to 60 seconds. This has the potential to cut down even further on card fraud, even in countries that have already accepted chip-and-pin as the standard payment method.
- IQ BackOffice announced some new client wins in its first quarterly update for 2015, including its first foray into the restaurant space with the CREAM ice-cream sandwich franchise.
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