Home
Document Imaging Report - DOCUMENT IMAGING TALK

Blogs (799)

Thursday, 15 January 2015 00:00

Could Xerox Kofax Partnership Lead to Something Bigger?

Written by
Today Kofax announced that it has signed a global partnership with Xerox. Under the terms of the agreement, "Xerox will sell, market, deploy and support Kofax TotalAgility," with support from Kofax sales and services staff. Kofax TA represents its integrated line of products including capture, BPM, analytics, e-signature and data integration technologies Couple interesting points about this: The Xerox executive quoted in the press release talks about Kofax TA being part of Xerox' next-generation MPS offering. The concept of MFP/printer vendors moving more deeply into ECM was factored into our recent 2015 DIR prediction that there will be a major ECM/Capture acquisition by any MFP vendor in 2015. Somewhat along those lines, Hyland Software also recently announced a new global partnership with Xerox. Can we connect some dots here?
Tuesday, 13 January 2015 00:00

TIS Meets Q4 Guidance

Written by
A day after Kofax reported a rebound for its fiscal '15 Q2, capture competitor Top Image Systems (TIS) has reported that it met its guidance for the fourth quarter - at least in terms of local currencies. Like Kofax, TIS does quite a bit of business outside the U.S. but reports its financials in U.S. Dollars, as its stock is traded on the Nasdaq. According to the TIS press release, "The Company anticipates the significant devaluation of the Euro, as well as of the British Pound and leading Asia Pacific and Latin American currencies, to impact its reporting in U.S. dollars." For those of you keeping score, when TIS announced its Q3 results, which were impacted by its recent acquisition of eGistics, it projected its Q4 "revenues will range between $10.5 million and $11.5 million and expenses will range between $9.3 million to $9.7 million." TIS also announced today that…
Tuesday, 13 January 2015 00:00

Kofax Numbers Rebound in Q2

Written by
Kofax appears to have had a fairly strong second fiscal quarter for 2015 (ended Dec. 31), based on the selected preliminary results it reported yesterday. Kofax pre-reported non-GAAP software license revenue of $34M-$35M, total revenue of $80-82 and an adjusted EBITDA of $13.7 to $14.7M. This represents about a 6% growth in software license revenue over the numbers Kofax reported for its fiscal Q2 2014, and about a 5% growth in total revenue. EBITDA, which had been down severely in Kofax's Q1, increased YOY by 7-8%, to $13.7M-$14.7M, which represented about a 3x sequential quarter increase. Kofax CEO Reynolds Bish said the numbers could have been better if not for worldwide currency exchange decline vs. the U.S. Dollar. In the press release he said, "Given the large amount of our software license revenue and total revenues arising in Euros, British Pounds, Swiss Francs and other currencies that have weakened against…
Page 1 of 134

 

Featured Premium DIR Articles

About Me

Editor/Publisher of a business and marketing newsletter focused on the maturing document capture and imaging industry.

DIR Free Premium Trial

Sponser

Upcoming Events

Laserfiche Empower 2015: January 13-16, Anaheim, CA

IRISLink 2015: February 11, 2015

Kofax Transform 2015: March 8-10, Aria Resort, Las Vegas

ITEX National Conference and Expo: March 10-12, 2015, Broward County Convention Center, Fort Lauderdale, FL

Ephesoft Innovate 2015:  March 15-18, Dana Point, CA

The AIIM Conference 2015: March 18-20, San Diego, CA

Perceptive Software's Inspire 2015: April 19-22, Washington, DC

Cranel North American Executive Partner Event (NAEPE 2015): JUNE 2-4, Columbus

IOFM Payments Summit: June 17-19, Chicago

Harvey Spencer Associates Capture 2015: Sept. 1-2, Glen Cove, NY

 

 

Contributed Content

Contributed Press Releases

Latest Industry News

Contributed PDF Content