Posted by Mark Brousseau
Kofax Transform 2011 Americas opened with breaking news this morning as Kofax CEO Reynolds Bish announced the sale of the company’s European hardware business to Hannover Finanze, a private equity firm in Germany. The hardware business represented about one-third of Kofax’s total revenues. Bish told attendees that he signed the paperwork for the transaction over the weekend.
“Since all of that hardware business is conducted in EMEA, it won’t affect anything in the Americas,” Bish told the announced crowd of 650 here in San Diego. About a year ago Kofax announced that it was exploring whether to sell its hardware business. The increasingly competitive market for hardware in EMEA, and the company’s desire to focus more closely on its fast-growing software business were key factors in that decision. The transaction is expected to close in March.
Kofax also announced plans today to restructure its EMEA software business. “This will not affect how we engage with channel partners or end-users,” Bish explained. “It will be business as usual.”
Bish summed up the announcements by stating: “As a result of these moves, there’s a whole lot to be excited about at Kofax in addition to everything else that we’ve accomplished in the past year.”
Among the company’s achievements in the past year cited by Bish:
… Kofax added more than 1,900 new customers
… The company closed many more enterprise sales, including 17 deals worth more than $500,000 -- up from 10 the prior year – and nine deals worth more than $1 million – up from five in the prior year
… Kofax closed the two largest sales in the company’s history, including one worth $5.9 million to a leading global freight company and another worth $4.4 million to a major financial services firm
… The company launched eight new software products
… Kofax finished upgrading its executive management team
… The company’s overall market share increased from 10 percent in 2008 to 11 percent in 2009, according to data from Harvey Spencer Associates
… Kofax maintained its leadership position in image capture with a 25 percent share, according to data from Harvey Spencer Associates
What do you think?
Showing posts with label Reynolds Bish. Show all posts
Showing posts with label Reynolds Bish. Show all posts
Monday, January 17, 2011
Monday, October 19, 2009
Webb Edwards to Deliver Keynote Address at Kofax's Transform Event
Posted by Mark Brousseau
Webb Edwards, one of the nation’s preeminent banking technology leaders and experts, will provide a keynote presentation at Kofax’s Transform 2009 Americas event on October 22 in San Diego, CA. I will be blogging throughout the Kofax event.
Formerly Executive Vice President of Wells Fargo Services, the technology and operations subsidiary of Wells Fargo, Webb is recognized nationally as a leading authority on technology strategies in both back and front office enterprise environments that span infrastructure, mainstream business applications development, payment systems, ATM services, risk management and data architecture. He currently advises and consults with organizations concerning their strategies in these and other areas.
“Webb brings a practical perspective on how organizations can realize increased operational efficiency, improved competitive agility and foster better customer satisfaction by automating labor intensive and error prone document driven business processes. As such, he’ll provide invaluable insights to Transform attendees,” said Reynolds C. Bish, Chief Executive Officer at Kofax.
Bish and Alan Kerr, Executive Vice President of Field Operations, will also provide keynote presentations that highlight and explain Kofax’s strategic initiatives designed to help customers and partners realize more value from the company’s product portfolio, including those arising from the recent acquisition of 170 Systems. Transform 2009 will also showcase industry specific case studies and presentations from over 20 major customers that span financial services, insurance, healthcare, government, manufacturing and high technology.
Transform 2009 Americas will be held October 21-22 in San Diego at the Manchester Grand Hyatt Hotel. Major sponsors include Fujitsu, Ricoh, HP, Canon, Computing System Innovations (CSI), Panasonic, Bowe Bell Howell, Opex, FileBound, ibml, Advanced Capture Team, Therefore and A2iA.
Webb Edwards, one of the nation’s preeminent banking technology leaders and experts, will provide a keynote presentation at Kofax’s Transform 2009 Americas event on October 22 in San Diego, CA. I will be blogging throughout the Kofax event.
Formerly Executive Vice President of Wells Fargo Services, the technology and operations subsidiary of Wells Fargo, Webb is recognized nationally as a leading authority on technology strategies in both back and front office enterprise environments that span infrastructure, mainstream business applications development, payment systems, ATM services, risk management and data architecture. He currently advises and consults with organizations concerning their strategies in these and other areas.
“Webb brings a practical perspective on how organizations can realize increased operational efficiency, improved competitive agility and foster better customer satisfaction by automating labor intensive and error prone document driven business processes. As such, he’ll provide invaluable insights to Transform attendees,” said Reynolds C. Bish, Chief Executive Officer at Kofax.
Bish and Alan Kerr, Executive Vice President of Field Operations, will also provide keynote presentations that highlight and explain Kofax’s strategic initiatives designed to help customers and partners realize more value from the company’s product portfolio, including those arising from the recent acquisition of 170 Systems. Transform 2009 will also showcase industry specific case studies and presentations from over 20 major customers that span financial services, insurance, healthcare, government, manufacturing and high technology.
Transform 2009 Americas will be held October 21-22 in San Diego at the Manchester Grand Hyatt Hotel. Major sponsors include Fujitsu, Ricoh, HP, Canon, Computing System Innovations (CSI), Panasonic, Bowe Bell Howell, Opex, FileBound, ibml, Advanced Capture Team, Therefore and A2iA.
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