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Kofax receives USD3.7m investment from global insurance company

Jan 14, 2014 (Menafn - M2 EQUITYBITES via COMTEX) --Kofax Limited KFX, a provider of smart process applications for the business critical First Mile of customer interactions, announced today an investment of USD3.7m by a leading international insurance organisation in Kofax software, to expand and enhance the way it is capturing and processing documents within its property and casualty business.

This USD3.7m investment was composed of USD3.0m of software licenses and USD0.7m of maintenance, with the sale closed and delivered during the quarter ended 31 December 2013.

Under this investment, the insurance company is using Kofax Capture and Kofax Transformation Modules to automatically capture and extract data from over 160 million pages of documents per year; Kofax Analytics for Capture to monitor and analyse the entire process; and implementing Kofax Mobile Capture to enable customers to submit documents using smart phones and tablets.

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