Document Imaging Report - DOCUMENT IMAGING TALK

Blogs (800)

Wednesday, 11 February 2015 00:00

Most Recent Quarterly Financials Show Maturing Market

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As I mentioned in the latest issue of our premium publication, over the past two weeks, a number of document imaging software vendors released their numbers for the three months ended Dec. 31, 2014. I would have liked to cover some of these numbers in the newsletter, but since all the information is publicly available anyhow, I bumped it for some original content. Anyhow, here are some of the highlights I pulled off of news releases, presentations, and transcripts of analyst calls: Lemark/Perceptive Software For Q4, Lexmark reported Perceptive Software revenue of $99M, which represented 37% YoY growth. For FY14, Lexmark reported Perceptive Software revenue of $313M or 31% growth. That sounds great, until you get to the fine print where it says, "Perceptive Software organic growth of -10% for Q4, excludes acquisitions completed in the past four quarters. Perceptive Software organic growth of -3% for the full year 2014.…
Thursday, 15 January 2015 00:00

Could Xerox Kofax Partnership Lead to Something Bigger?

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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

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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…
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