Cofax acquires Top Image Systems

5 February 2019

Kofax®, a leading supplier of intelligent automation software that automates end-to-end business processes to realize digital transformations ) Today announced that it will acquire Top Image Systems ™ Ltd., a global innovator of on-premises and cloud-based applications optimizing content-driven business processes Announced that it had concluded a contract.

Reynolds C. Bish, Chief Executive Officer of Cofax, said: "Customers at TIS will be able to access Cofax's Intelligent Automation solutions that will improve efficiency by way of a single vendor and will realize tomorrow's talent and digital workforce.SaaS By leveraging the TIS know-how on the end, we can further improve the secure cloud capabilities of the end-to-end intelligent automation platform. "

TIS's on-premises and cloud-based applications automatically capture, process and deliver content across enterprise applications, convert information entering the organization into convenient and accessible electronic data, and with minimal manual intervention Distribute to relevant business systems and people.

Brendan F. Reidy, Chief Executive Officer of TIS, said: "We are looking forward to becoming a more powerful company by merging with Cofax and will take advantage of the power and stability gained by becoming a member of a larger global organization and jointly broader and deeper We will be able to offer our products to our customers. "

This transaction is expected to be completed by the end of June 2019. Upon completion of the transaction, Cofax will continue to support TIS products and customers.