Kofax Limited (Nasdaq:KFX)(LSE:KFX), a market leader in providing smart process applications for the business critical First Mile of Customer Interactions visited the NASDAQ Marketsite yesterday in Times Square in celebration of its new listing on The Nasdaq Stock Market.
In honour of the occasion, Reynolds C. Bish, Kofax Chief Executive Officer, rang the opening bell.
Kofax, a leading provider of smart process applications for the business critical First Mile of customer interactions, announced yesterday the pricing of its initial public offering of 2,000,000 shares of common stock at a price to the public of $5.85 per share. The shares being offered, together with the existing shares of Kofax's common stock, are expected to begin trading on the NASDAQ Global Select Market with effect from or shortly after the opening of trading on that exchange under the ticker symbol "KFX." All of the shares of common stock are being offered by Kofax; there are no selling Kofax shareholders. In addition, Kofax has granted Craig-Hallum Capital Group LLC a 30-day option to purchase up to an additional 300,000 shares to cover over-allotments, if any. The offering is expected to close on December 10, 2013, subject to customary closing conditions.
Back in July, Kofax PLC (LSE:KFX), a leading provider of smart process applications for the business critical First Mile of customer interactions announced it has acquired Kapow Technologies Inc., a leading provider of Data Integration Software.
Kapow’s abilities will greatly simplify Kofax’s smart process applications with third party software for content import and export purposes as well as data validation during business process while significantly strengthening Kofax’s ability to penetrate the emerging electronic content transformation segment of the multichannel capture market and is highly complementary to the recent acquisition of Altosoft’s business intelligence and analytics products.
Kapow Katalyst™ is the only data integration software to provide near real-time application integration and process automation offering both traditional API level integration capabilities as well as an innovative Synthetic API™ approach, which provides business users with an agile “point and click, no coding” approach. The resulting data integration modules can then be deployed via Kapow Kapplets™, lightweight apps instantly accessible on a self-serviced basis. Hundreds of companies, including Astra Zeneca, Audi, Commerzbank, Deutsche Telekom, Fiserv, Thomson Reuters and Zurich Insurance Group use Kapow software on premise or via the cloud to become more integrated, automated and productive enterprises.
“As a successful market leader focused on providing smart process applications with the global presence and software assets needed to credibly execute that vision, Kofax is an ideal strategic fit for Kapow,” stated John Yapaola, Chief Executive Officer of Kapow. “With our strengths in big data integration, Kofax customers will achieve competitive advantage faster, and Kapow customers will have access to a broad array of complimentary software and solutions to better address their needs.”
Kofax, a leading provider of smart process applications for customer interactions, today announced the launch of Kofax TotalAgility Mailroom Automation™ and Kofax TotalAgility Customer Onboarding™, two solutions now available on Kofax’s recently launched TotalAgility 7.0 smart process application development and deployment platform. The products enable TotalAgility 7.0 customers to take advantage of a wider range of advanced automation technologies, cost saving features and advanced analytics all within one easy-to-use solution.
“These two powerful solutions give our customers an incredibly valuable set of tools to help them increase productivity, streamline operations and reduce costs,” said Grant Johnson, Chief Marketing Officer at Kofax. “The addition of advanced mailroom automation and value-packed customer onboarding capabilities, further extends the customer benefits provided by TotalAgility 7.0, the market’s leading smart process application platform.”
Kofax TotalAgility 7.0 is the only fully unified platform for the development and deployment of smart process applications. It’s a market-changing product that delivers an unparalleled combination of leading capture, business process management (BPM), dynamic case management (DCM), data integration, analytics and mobile capabilities on a single, unified platform. TotalAgility 7.0 radically transforms and simplifies the processing of real-time, information intensive communications from customers and dramatically improves an organization’s customer experience while greatly reducing operating costs, thus driving increased competitiveness, growth and profitability.
Kofax TotalAgility Mailroom Automation is the first digital mailroom solution to provide complete visibility into incoming documents and information via process analytics and visualization dashboards that enable organizations to track, review and modify information at any point in the business process. Critical customer-facing and other applications can now be closely monitored for better control, resulting in accelerated processing, increased responsiveness and a better customer experience. It expands centralized mailroom functions to support scanned input from distributed locations and external stakeholders as well as new channels arising from mobile devices and internet portals. By supporting more automatic processing of mail and more quickly dealing with issues, exceptions and trailing documents, mail-driven processes that once took days or weeks can be completed in minutes.
And In Conclusion…
The Institute of Financial Operations 2013 ended with a bang last night when Chief Technology Officer of Yakidoo, Alfredo De Vanna and his fellow panelists tackled on one of the greatest debates in the business world; “Outsourcing – Is It All Or Nothing?”. Attendees who specialize in the Financial World threw tough and challenging questions onstage but were instantly ricocheted back leaving the audience something to take home.
Chief Executive Officer, Victor Bensusan and Director Of Technical Services, Joseph Haroun dominated the Keynote presentation “How to Take Your Financial Operations From Good To Great!”, creating curiosity and interest at the end of their session from the audience ranging from CFOs to Controllers.
Overall, Yakidoo made an impact at the 2013 Financial Operations Symposium, not only as educators to the mass audience but as leaders in the Financial Industry.
All Present & Accounted For!
Today at the Fairmont Royal York, Downtown Toronto, the Institute of Financial Operations hosted Day 1 of its Financial Symposium Series bringing together a variety of solutions catered to finance operations.
Yakidoo definitely stood out with its knowledgable and charismatic staff led by VP of Sales, Phil Scarfone; attracting the curiosity of attendees to inquire about Capture, Manage and Automated centric solutions.
Yakidoo participated, listened and engaged with the mass audience, only creating more anticipation for tomorrow's keynote presentation (with CEO - Victor Bensusan & Director of IT - Joseph Haroun) and educational panel discussion on outsourcing (CTO - Alfredo De Vanna).
For more information, check out the Institute of Financial Operations Symposium 2013 agenda here:
Yakidoo is proud to announce that it will be joining the annual Financial Symposium 2013 conference taking place at the Fairmont Royal York Hotel Downtown Toronto as Premier Sponsors!
Hosted by the Institute of Financial Operations, an association serving the entire financial operations ecosystem with a focus on accounts payable, accounts receivable disciplines and related fields on Information Management and Data Capture.
Join Victor Bensusan, Chief Executive Officer, Alfredo De Vanna, Chief Technology Officer (as Panelist) and Joseph Haroun, Director of Technical Services as they unveil the secrets of Data Capture, Content Management and Business Process Automation onstage in front of industry leaders in the Financial, Education, Government and Real Estate Business.
“We look forward to gathering at the 2013 Financial Symposium event with the embracing community of educators and learners alike,” said Victor. “Our presentation will give attendees an inspiring insight on next generation technology and tools to help them take their business operations to the next level!”
Yakidoo will also be hosting a booth onsite where attendees can have sessions with specialists for a wide range of topics for deploying and integrating the latest technologies in Data Capture, Content Management and Business Process Automation.
Yakidoo’s Financial Symposium activities include:
“Chaos to Order!” was the first thing mentioned while kicking off KTM 6.0 at Transform 2013 in beautiful San Diego.
KTM 6.0 (not yet officially released) appears to have made significant improvements in two key areas that I feel will impact our customers.
The first area is Classification. Classification is the “What is this” in the ECM world. Most document management implementations flag what type of document (invoice, cheque, contract, etc…) by the user declaring it at scan time. This is a rock solid way of classifying but it doesn’t fit every customer’s needs. Other organization’s documents (paper, mail, and emails) are bundled together as chaos and pre-sorting is simply not an option. For years, Kofax has been a leader at taking this “Chaos to order” and from the surface KTM 6 takes this to the next level.
Kofax’ improvements appear to following the trend of less coding and more application training. With simply gathering lots of samples (often easier said than done) and pre-sorting them, the KTM project can be taught what to be looking for without any configuration. The improvements in this “Learn by example” classification, nicely complements the following suite of classification techniques:
- Layout Classification
- Text Classification
- Instructional Classification
- Custom/Other Classification
Our next article will look further into KTM 6.0 and its improvements in Online Learning.
Want to know more about KTM 6.0 and Classification? If you'd like a more in-depth conversation with Joseph, specific to your industry, business or technical environment please contact us and we will arrange a time with you.
Joseph Haroun, Director of Technical Services
Prior to joining Yakidoo, Joseph was a business analyst and Manager of IT Programs Delivery at DHL, the global multi-national courier, freight, logistics and shipping service provider. During his tenure at DHL Joseph oversaw the implementation capture and process automation projects. Joseph and members of the Yakidoo helped DHL implement various capture and automation technologies for Waybill processing, Accounts Payable invoice processing and Accounts Receivable payment processing.
Joseph has experience and expertise in the areas of process improvement, efficiency, automation, project management and technology integration with our valued clients and partners. His role at Yakidoo is to lead the technical services delivery team on capture and process automation projects.
On May 2nd, 2013, McMaster Marauder Football celebrated their programs rich history as they honoured their OUA major award winners at the 16th Annual Football Gala Dinner & Reception.
McMaster Football has seen fifteen Marauders recognized as OUA major award winners, including seven OUA MVP’s, five President Trophy winners and three J.P. Metras Trophy winners. One of the MVP winners includes Yakidoo’s own Phil Scarfone (Yakidoo VP of Sales) for his efforts in (‘83/’84).
Winning the Hec Crighton Award as Canada's top football player (1984) capped Phil's outstanding career. No Marauder quarterback has more passing yardage, completions, or touchdown passes. Phil claimed the Omega Trophy twice as MVP in the OUAA, a league where his 5,447 career passing yards is fourth best ever. In 1984, this exceptional athlete guided Mac to a 7-0 record and a #1 national ranking.
At the dinner on May 2nd, Phil was accompanied by his proud family including spouse Diane, daughter Page, sons David and Michael and mother-in-law Marie.
Pictured from left to right are: David, Phil, Page and Michael.
Phil is now Yakidoo’s Sales Quarterback. We are proud of his past endeavours and to him being a part of our great team. Congratulations Phil!
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Victor Bensusan is CEO of Yakidoo. He has 20 years experience in Finance and Information Technology primarily in the area of process automation, information management and business performance improvement.