Kofax Acquires Kapow Technologies
Kofax has announced that it has acquired Kapow Technologies, Inc., a leading provider of data integration software.
The company believes Kapow’s software will greatly simplify Kofax’s ability to integrate smart process applications with third party software for content import and export purposes as well as data validation during a business process. In addition, the company believes it will significantly strengthen 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.
Kapow was a privately held company headquartered in Palo Alto, California with approximately 72 employees located principally in the U.S. and Western Europe. Its unaudited financial statements for the fiscal year ended June 30, 2013 reported revenues of $15.9 million, of which 56% arose from term software license agreements, 11% from perpetual software license agreements, 16% from maintenance service agreements and 17% from professional services.