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Kofax, a provider of intelligent automation software to facilitate digital workflow transformations (the “Company”), today announced that it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates (“TA”) from Thoma Bravo, a leading software investment firm. Upon closing of the transaction, Clearlake and TA will become majority shareholders in Kofax. Financial terms Read more...

Emerson today announced the new Clarkson KS1 Knife Gate Valve designed to help mine, oil sands and pulp & paper operators achieve increased availability of their most challenging slurry processes. The new knife gate valve features a patented gate edge seal design that creates a continuous seal around the gate, together with a precision-molded elastomer seat. This heavy-duty seat increases the contact area and resilient sealing ability of the valve compared to standard O-ring des Read more...