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The following is a correspondence between Ralph Gammon, the editor of the Document Imaging Report, and Paul Carman, President and CEO of Xamcor, discussing what this deal means to the companies involved, as well as the industry as a whole. Ralph Gammon of DIR: So, no surprise that an MFP vendor has announced plans to acquire Kofax. What is surprising is that it was Lexmark, instead of Xerox Paul Carman of Xamcor: I agree. Of course, it’s no surprise that Lexmark made another software acquisition , as they have been very active in building their software capabilities. However, Kofax does come as a bit of a surprise. With Brainware, an earlier acquisition, and then ReadSoft closing some months ago, the capture space didn’t seem to be the next logical area of opportunity. To read the rest, please click through to the Xamcor site. Part II of the interview, in which…
Tuesday, 24 March 2015 00:00

Lexmark Goes All In on Capture

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Wow. That really caught me by surprise. About 4:30 today it was announced that Lexmark was acquiring Kofax for $1B net of cash. I was just finishing up my Kofax Transform conference story and about to start writing my piece about how Xerox was going to integrate the Kofax technology into its organization. It really made a compelling story. And the rumor circulating around AIIM last week, was the the Xerox-Kofax deal was going to close any day...Then I heard something about Kofax asking for too much, and the next thing I know Lexmark announced it had made a bid of $11 per share, or about a 47% premium over what the Kofax stock was trading at today. It's also more than 3x Kofax's 2014 reported non-GAAP reported revenue of $297M -so from that perspective it's not a bad deal. There is a lot to like about this deal from…
Wednesday, 18 March 2015 00:00

Ephesoft's Vision for the Future of IDR

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Coming out of AIIM last year I had come up with a vision on the potential future of the document imaging industry. I've repeated the mantra several times since - and it goes like this: "Capture it all and let the technology sort it out." In fact, I recently completed a piece for Quality Associates' upcoming Insights newsletter detailing what I see as some of the driving forces behind this vision. They include trends like increased multi-channel capture and increasing intelligence in capture driven by emerging technology like natural language processing. This year I attended the Ephesoft Innovate conference prior to heading down to San Diego for AIIM 2015. At Innovate, Ephesoft founder and CTO Ike Kavas presented on his vision for the future - which I thought dovetailed nicely with mine. Kavas and his team at Ephesoft have even gone so far as to developing a brand new product…
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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

 

 

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