{"id":814487,"date":"2022-08-18T19:16:27","date_gmt":"2022-08-18T17:16:27","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/ta-and-clearlake-capital-backed-kofax-completes-acquisition-of-ephesoft\/"},"modified":"2022-08-18T19:16:27","modified_gmt":"2022-08-18T17:16:27","slug":"ta-and-clearlake-capital-backed-kofax-completes-acquisition-of-ephesoft","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/ta-and-clearlake-capital-backed-kofax-completes-acquisition-of-ephesoft\/","title":{"rendered":"TA and Clearlake Capital-Backed Kofax Completes Acquisition of Ephesoft"},"content":{"rendered":"

\nAcquisition Extends Kofax\u2019s Position in the Intelligent Automation Software Market and Enhances its Intelligent Document Processing Capabilities\n<\/p>\n

IRVINE, Calif.–(BUSINESS WIRE)–#IDP<\/a>—Kofax<\/a>\u00ae (or the \u201cCompany\u201d), a leading supplier of Intelligent Automation (IA) software for digital workflow transformation, backed by TA Associates (\u201cTA\u201d) and Clearlake Capital Group, L.P. (together with its affiliates \u201cClearlake\u201d), today announced it has acquired Ephesoft Inc. (\u201cEphesoft\u201d). The acquisition will add to Kofax\u2019s intelligent document processing (IDP) solutions and go-to-market channels. With global coverage and cloud solutions, the combined company will provide organizations with value-add solutions to accelerate deployments. Financial terms of the transaction were not disclosed.\n<\/p>\n

<\/a><\/p>\n

\n\u201cWe\u2019re pleased to welcome Ephesoft\u2019s customers, partners and employees into the Kofax family. We\u2019ve followed Ephesoft\u2019s progress in market for years as we\u2019ve both focused on helping customers digitally transform their businesses,\u201d said Reynolds C. Bish<\/a>, Chief Executive Officer at Kofax. \u201cThis acquisition extends our IDP solutions and cloud capabilities, allowing Kofax to better address the needs of customers around the world.\u201d\n<\/p>\n

\n\u201cWe\u2019ve grown Ephesoft to provide a comprehensive set of value-add intelligent document processing capabilities and look forward to continuing that growth as part of Kofax,\u201d said Ike Kavas, Founder and Chief Executive Officer at Ephesoft. \u201cKofax will enhance Ephesoft\u2019s go-to-market reach and ability to scale the business. Our customers will also benefit from Kofax\u2019s larger market reach, and together we\u2019ll be able to offer them the broadest range of software and solutions to accelerate their digital workflow transformation journeys.\u201d\n<\/p>\n

\nKofax will continue supporting Ephesoft\u2019s products and customers, and Mr. Kavas will continue leading Ephesoft\u2019s organizational efforts.\n<\/p>\n

\n\u201cThe combination of Kofax and Ephesoft reinforces our growth vision for Kofax and brings together experience and product capabilities within the intelligent document processing industry, to provide a more comprehensive set of software solutions to the combined company\u2019s customers,\u201d said Paul Huber, Managing Director, and Erik Hansen, Vice President, of Clearlake. \u201cWe have seen first-hand how the pandemic and corresponding dislocation has caused enterprises to re-evaluate manual workflows, and we believe that the trends underlying the transformation towards digital workflows are long-term. This partnership represents an important milestone as we continue in our mission to position Kofax at the forefront of addressing these trends.\u201d\n<\/p>\n

\n\u201cDemand for digital transformation continues to accelerate as businesses aim to enhance their offerings and differentiate themselves in the market,\u201d said Harry Taylor, Managing Director, and Mike Libert, Director, at TA. \u201cThe acquisition of Ephesoft supports Kofax\u2019s overall strategic growth strategy by broadening the Company\u2019s software and solutions to meet evolving customer needs. We look forward to our continued partnership with Kofax as it completes this acquisition and explores opportunities for further growth and product innovation.\u201d\n<\/p>\n

\nMizuho Securities acted as exclusive financial advisor to Ephesoft.\n<\/p>\n

\nAbout Kofax\n<\/p>\n

\nKofax enables organizations to Work Like Tomorrow\u2122\u2014today. Our Intelligent Automation software platform and solutions digitally transform content-intensive workflows. Customers realize faster time-to-value and increased competitiveness, growth and profitability by combining Kofax\u2019s cognitive capture, RPA, process orchestration, analytics and mobile capabilities while increasing business resiliency and mitigating compliance risk. For more information, visit www.kofax.com<\/a>. Read more on the Kofax Blog<\/a> and follow us on LinkedIn<\/a> and Twitter<\/a>.\n<\/p>\n

\nAbout Clearlake\n<\/p>\n

\nClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake\u2019s operational improvement approach, O.P.S.\u00ae The firm\u2019s core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com<\/a> and on Twitter @Clearlake.\n<\/p>\n

\nAbout TA Associates\n<\/p>\n

\nTA is a leading global growth private equity firm. Focused on targeted sectors within five industries \u2013 technology, healthcare, financial services, consumer, and business services \u2013 the firm invests in profitable, growing companies with opportunities for sustained growth and has invested in more than 560 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm\u2019s more than 110 investment professionals are based in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com<\/a>.\n<\/p>\n

\n\u00a9 2022 Kofax, Inc. Kofax is a registered trademark of Kofax Limited.\n<\/p>\n

Contacts <\/p>\n

\nAmanda Ingalls
\n
Public Relations Director
\n
amanda.ingalls@kofax.com<\/a>
+1 (949) 783-1595\n<\/p>\n

\nFor Clearlake<\/span>
Jennifer Hurson
\n
Lambert & Co.
\n
jhurson@lambert.com<\/a>
+1 (845) 507-0571\n<\/p>\n

\nMaggie Benoit
\n
Communications Manager
\n
mbenoit@ta.com<\/a>
+1 (857) 208-2813<\/p>","protected":false},"excerpt":{"rendered":"

Acquisition Extends Kofax\u2019s Position in the Intelligent Automation Software Market and Enhances its Intelligent Document Processing Capabilities IRVINE, Calif.–(BUSINESS WIRE)–#IDP—Kofax\u00ae (or the \u201cCompany\u201d), a leading supplier of Intelligent Automation (IA) software for digital workflow transformation, backed by TA Associates (\u201cTA\u201d) and Clearlake Capital Group, L.P. (together with its affiliates \u201cClearlake\u201d), today announced it has acquired […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-814487","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"\nTA and Clearlake Capital-Backed Kofax Completes Acquisition of Ephesoft - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/ta-and-clearlake-capital-backed-kofax-completes-acquisition-of-ephesoft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TA and Clearlake Capital-Backed Kofax Completes Acquisition of Ephesoft - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Acquisition Extends Kofax\u2019s Position in the Intelligent Automation Software Market and Enhances its Intelligent Document Processing Capabilities IRVINE, Calif.–(BUSINESS WIRE)–#IDP—Kofax\u00ae (or the \u201cCompany\u201d), a leading supplier of Intelligent Automation (IA) software for digital workflow transformation, backed by TA Associates (\u201cTA\u201d) and Clearlake Capital Group, L.P. 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