Kofax

Over the past few years, Lexmark (NYSE: LXK), the longstanding manufacturer of laser printers and print supplies, has made an aggressive push into software and services. On Tuesday, March 24, it continued this push with the announcement of its plans to buy Kofax (NASDAQ: KFX) for $11 per share or approximately $1 billion, net of cash at closing. The price [...]

In this morning’s news roundup, we touched on how 20% of the United Kingdom’s workforce is “fiddling” their business travel expenses and Visa Europe’s recent tokenization efforts among other news. Now, in this afternoon installment, we reveal some new partnerships happening across the accounts payable world and Kofax’s latest communication with London Stock Exchange shareholders. [...]

In the first half of this two-part article, we discussed how the vast majority of invoices are still paper-based. This is a significant problem for the average enterprise, and not only from the perspective of paper taking much longer to process than an electronic invoice. The reality of manual invoicing is that, as a result of [...]

Enterprises around the world want to maximize working capital for a variety of reasons, not least of which includes freeing up cash from operations in order to hire new employees, pay down debt, expand into new markets, or even to provide better returns to shareholders via dividends and stock repurchases. Working capital management is thus [...]

Candy has been handed out to costumed children, the jack-o-lanterns have been thrown away, and Halloween is over for another year. The next holiday, here in the U.S. at least, is Thanksgiving … which doesn’t seem to get much attention in popular culture. Then again, the core of Thanksgiving is a turkey dinner, so there [...]

In its third acquisition in less than two years, Kofax (NASDAQ: KFX; LSE: KFX) announced on September 2 that it had purchased Softpro GmbH, a provider of eSignature verification software, for $34.7 million. The deal—for all of Softpro’s outstanding stock—was also Kofax’s third-biggest acquisition of the last five years. Only Singularity Limited in 2011 and Kapow in [...]

Access to accurate and real-time metrics can be a game changer in today’s lightning-fast business world, but first companies must establish and measure the relevant metrics that allow them to understand the current state of performance while laying the groundwork for a desired future state. If a company is unclear of where it stands today, [...]

By all accounts, Kofax (NASDAQ: KFX; LSE: KFX) has had a banner year in fiscal 2014. The company on September 2 announced its full-year earnings, notching non-IFRS revenues of $80.6 million in the fourth quarter, a 3.0% year-over-year gain, and $297.4 million for the full year, an 11.5% year-over-year gain. These aren’t the only bright [...]

  Ardent Partners recently published a new AP focused report. Entitled AP Metrics that Matter (click to download, registration is required) and sponsored by Kofax, this Ardent Partners research report discusses the importance of capturing and analyzing data and presents a set of “metrics that matter” for finance and AP leaders alike to track, evaluate, [...]

Earlier this week, Lexmark (NYSE: LXK) announced that it had commenced a cash tender offer for all of the outstanding shares of  ReadSoft (NASDAQ OMX: RSOF-B), a Sweden-based provider of AP automation and document management solutions. ReadSoft was founded in 1991 and has approximately 625 employees. The company is headquartered in Helsingborg, Sweden. The offer [...]