Kofax Announces Version 4.0 of Kofax Transformation Modules, Strengthening Its Position in the Transactional Capture Market Segment

Kofax plc (LSE: KFX), the leading provider of Intelligent Capture & Exchange solutions, today announced a new release of Kofax Transformation Modules, which intelligently automate the classification, sorting and separation of paper and electronic documents, and then extract and validate the accuracy of the information they contain. Combining all Kofax transformation technologies into one platform, Version 4.0 offers new features and enhancements that significantly increase ease-of-use and application flexibility.

“Kofax Transformation Modules 4.0 reflects our continuing commitment to further strengthen our transactional capture solutions,” said Jim Nicol, Executive Vice President of Products at Kofax. “We continue to invest heavily in document classification and extraction to ensure that our customers have access to the best, most advanced technology available in the market today.”

“This new release is consistent with that goal,” he added. “In this challenging economy, organizations are refocusing their investments on solutions that generate a rapid and demonstrated return-on-investment. Kofax Transformation Modules 4.0 effectively addresses this need.”

One Platform for All Document Types

Version 4.0 fully integrates Kofax’s Xtrata Pro and INDICIUS technologies into a single, unified platform with added and improved capabilities. The most complete and versatile document classification and data extraction offering on the market today, Kofax Transformation Modules 4.0 provides one platform to process structured and unstructured forms and documents of any type. This results in greater cost savings, accelerated deployments and less costly maintenance as well as provides more cost-effective applications with shorter ROIs. Xtrata Pro and INDICIUS will remain an important part of Kofax’s offerings going forward and the company will continue to maintain both products.

Enhanced Ease-of-Use

A key benefit of Kofax Transformation Modules 4.0 is “learn-by-example” technology that automates the classification and extraction of information from any form or document type. By feeding sample forms or documents into the system, customers can “train” the software to recognize the form or document type and the specific location of business critical information contained therein. This also results in greater cost savings, accelerated deployments and less costly maintenance and provides more cost-effective applications with shorter ROIs.

Application Flexibility

Version 4.0 also features several new modules that enhance application flexibility and increase productivity. For instance, “Document Review” enables users to verify the results of data classification and separation prior to extraction to increase extraction rates and overall throughput rates, and an enhanced “Verification” capability allows data to be double-checked after validation, thereby increasing data accuracy while reducing downstream processing exceptions and delays.

Kofax Transformation Modules 4.0 is now available. For more information about Kofax products, go to http://www.kofax.com.

About Kofax

Kofax plc (LSE: KFX) is the leading provider of Intelligent Capture & Exchange solutions. For more than 20 years, Kofax has provided award-winning solutions that automate document-driven business processes by managing the transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a verifiable return on investment to thousands of customers in financial services, manufacturing, retail, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1,200 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com.

“Kofax” is a registered trademark in the US, the EU and other countries. All other trademarks and registered trademarks belong to their respective owners.