Key Developments: Kofax Ltd (KFX.L)

KFX.L on London Stock Exchange

470.75GBp
29 Aug 2014
Price Change (% chg)

-1.25p (-0.26%)
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Latest Key Developments (Source: Significant Developments)

Kofax announes acquisition of Softpro GmbH
Tuesday, 2 Sep 2014 07:00am EDT 

Kofax Ltd:Says it acquired Softpro GmbH.Acquired all of Softpro's stock for total consideration of $34.7 mln in cash.Expects to complete the integration of Softpro by the end of calendar year 2014.  Full Article

Kofax Ltd updates FY 2014 guidance to a range below analysts' estimates
Thursday, 10 Jul 2014 04:16pm EDT 

Kofax Ltd:Expects FY 2014 to report unaudited IFRS software license revenue in the range of $116.5 to $118.5 million, total revenues in the range of $287.5 to $290.5 million and income from operations in the range of $33.5 to $35.5 million.Expects FY 2014 to report unaudited Non-IFRS software license revenue in the range of $122.5 to $124.5 million, total revenues in the range of $295.0 to $298.0 million and adjusted EBITDA in the range of $41.0 to $43.0 million.FY 2014 revenue of $300 million and EBITDA of $44.5 million - Thomson Reuters I/B/E/S.  Full Article

North American Medical Products and Services Provider Selects Kofax Solution for AP Automation
Tuesday, 24 Jun 2014 03:00am EDT 

Kofax Ltd:Says that an organization that provides medical products and services throughout North America selected Kofax MarkView for AP, Kofax Capture, Kofax Transformation Modules and Kofax Analytics for Capture to automate its accounts payable (AP) processes.Customer selected Kofax for its expertise with AP best practices and providing solutions for SAP environments that streamline the capture of invoices.Says automate manual data entry and exception resolution and provide near real time insight into the invoices being processed in order to better plan and manage cash flow.  Full Article

Global Industrial Products Installation and Maintenance Service Provider selects Kofax Mobile Capture Platform to optimize expense receipt processing
Wednesday, 28 May 2014 03:00am EDT 

Kofax Ltd:Says a global industrial products installation and maintenance service provider has selected Kofax Mobile Capture Platform to capture, submit and process employee expense receipts via mobile devices.The service provider, is using Kofax Mobile Capture Platform to ensure its global field team can capture high quality expense receipt images in a timely manner by using the camera on their mobile devices.Sale was comprised of about $250,000 in software license revenue, $45,000 in maintenance services and $45,000 in professional services and closed in the quarter ending March 31.  Full Article

Kofax Ltd releases Kofax AP Agility
Monday, 5 May 2014 03:00am EDT 

Kofax Ltd:Says new release of Kofax AP Agility, a smart process application (SPA) built on Kofax TotalAgility platform.This release adds practice accounting processes and advanced analytics capabilities.AP Agility's advanced analytics enable business users to easily assess effectiveness of their accounts payable processes, measure staff productivity levels, view status of invoices being processed and assess spend management.Users can also view available discounts and late payments, assess supplier activity, invoice volumes and expenditures and identify duplicate invoices and approval violations.  Full Article

Kofax Ltd reaffirms FY 2014 revenue guidance
Tuesday, 29 Apr 2014 07:00am EDT 

Kofax Ltd:Reaffirms previous guidance for FY 2014.Expects FY 2014 IFRS total revenues growth of mid to high low single digits.Expects FY 2014 non-IFRS revenues growth of low double digits.  Full Article

Kofax Ltd reaffirms FY 2014 revenue guidance
Tuesday, 4 Feb 2014 07:00am EST 

Kofax Ltd:Reaffirmed FY 2014 revenue guidance.Expects FY 2014 IFRS total revenue growth in mid to high single digits.Expects FY 2014 non-IFRS total revenue growth in low double digits.Says it reported revenue of $266.32 mln in FY 2013.  Full Article

Kofax PLC Announces Corporate Structure Changes
Friday, 4 Oct 2013 02:00am EDT 

Kofax plc announced proposed corporate structure changes to introduce a new parent company for the Kofax group named Kofax Limited (New Kofax), a company incorporated in Bermuda, which would maintain a listing on the London Stock Exchange and also list its common (ordinary) shares on NASDAQ (together, the Proposals). New Kofax has filed a registration statement ("Form F-1") with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of its common shares on NASDAQ. Craig-Hallum Capital Group LLC ("Craig-Hallum") will act as the sole underwriter for the proposed offering. The number of shares to be offered and the price range of the proposed offering have not yet been determined. However, the number of shares to be offered will be less than the number of shares the New Kofax board will be authorized by shareholders to allot for cash on a non pre-emptive basis and will be within corporate governance best practice limits for a company with a premium listing on the London Stock Exchange. The proposed offering will be made in the U.S. only by means of a prospectus, which is included in the registration statement. The registration statement has not yet become effective and these securities may not be sold nor may offers to buy these securities be accepted prior to the time that the registration statement becomes effective.  Full Article

Kofax PLC Acquires Kapow Technologies Inc for $47.5 Million-DJ
Wednesday, 31 Jul 2013 11:49am EDT 

Dow Jones reported that Kofax PLC said that it has acquired Kapow Technologies, Inc., a provider of data integration software for of $47.5 million in cash. Of this amount, $40.4 million was paid on closing. additional $2.4 million will be paid upon Kofax's receipt of Kapow's audited financial statements for its fiscal year ended June 30, $2.2 million will be paid one year from closing and $2.5 million will be paid two years from closing, with said amounts being subject to certain indemnification terms and conditions. John Yapaola, Stefan Andreasen, Founder and Chief Technology Officer, and all other Kapow employees will remain as employees of the company for the immediate future.  Full Article

Kofax PLC Raises FY 2013 Guidance-Conference Call
Wednesday, 24 Jul 2013 07:00am EDT 

Kofax PLC announced that for fiscal 2013, it expects total revenues in the range of $265.0 to $267.0 million and EBITDA in the range of $45.0 to $46.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $263.4 million and EBITDA of $42 million for fiscal 2013.  Full Article

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