The Recycler
  • Ambiente 2025 Masthead
  • G&G Masthead August 2024
  • Katun web banner December 2022 NEW
  • Biuromax Masthead web banner March 2024

Clearlake Capital and TA Associates complete acquisition of Kofax

July 26, 2022

Kofax announced that Clearlake Capital Group, L.P. (together with its affiliates, Clearlake) and TA Associates (TA) have completed their acquisition of the Company from Thoma Bravo.

Headquartered in Irvine, California, Kofax provides an intelligent automation software platform for enterprises to achieve digital transformation through document intelligence, process orchestration, AI, cognitive services, and connectivity to other software applications. Combining capabilities that address a multitude of use cases, Kofax offers customers a low-code software experience resulting in powerful solutions.

“Market demand for digital transformation continues to accelerate as enterprises desire to create additional competitive advantage and bolder differentiation from their competitors,” said Reynolds C. Bish, Chief Executive Officer at Kofax. “Kofax has invested in its software and solutions to meet customers’ digital transformation needs as well as simplified cloud deployments and interoperability, expanded AI and machine learning, and enhanced user experiences to democratize automation for citizen developers. We’re grateful for Thoma Bravo’s partnership over the last five years and are excited for the next phase of our journey with Clearlake and TA. With their experience in driving growth through innovation and expansion, Kofax will continue to advance our software and solutions, expand our cloud services, and execute on our acquisition strategy.”

“We’ve been impressed by Reynolds and his team’s ability to scale and transform Kofax into an end-to-end platform within workflow automation software, particularly at a time when customers are increasingly looking to digitally transform their businesses,” said Behdad Eghbali, Co-Founder and Managing Partner, and Paul Huber, Managing Director, of Clearlake. “With the acquisition closed, we look forward to partnering with the Company to leverage our O.P.S. framework and accelerate investment in cloud-based technology alongside product growth initiatives in robotic process automation and machine learning to deliver more value to customers, employees and shareholders.”

Harry Taylor, Managing Director, and Mike Libert, Director, at TA added, “We’re thrilled to complete the acquisition of Kofax and, together with Clearlake, begin our new partnership with Reynolds and the Kofax team. We share a vision for Kofax’s next phase of growth, and believe our deep industry experience, operational knowledge and value-add capabilities will strengthen and expand the Kofax platform.”

J.P. Morgan, Jefferies LLC, Arma Partners, and Credit Suisse served as financial advisors to TA and Clearlake. J.P. Morgan also led a new syndicated financing in support of the acquisition, with Credit Suisse, UBS, Jefferies LLC, Blackstone, PSP Partners, Security Benefit, and Brinley acting as joint arrangers on the financing. Kirkland & Ellis and Sidley Austin provided legal counsel to TA and Clearlake.

Financial terms of the transaction were not disclosed.

Categories : City News

Tags : Acquisition Business Completion Growth Kofax

  • Static Control June 2022 Big & Bold Ad
  • G&G web advert October 2024
  • IR Italiana Web ad January 2021
  • GM Technology October 2024
  • Ink Tank No Web advert
  • Cartridge Web Nov Web Banner
  • TN Core Nov Web advert
  • Apex September 2024 Web ad
  • Biuromax web banner July 2024
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • CET Web ad December 2023
  • ITP Web ad January 2021
  • denner UK Web Banner Jul 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • PCL Nov Web advert
  • CET Web ad December 2023
  • ITP Web ad January 2021
  • denner UK Web Banner Jul 2024
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • denner UK Web Banner Jul 2024
  • ITP Web ad January 2021
  • HYB Web banner Jan 2024
  • PCL Nov Web advert
  • Denner Feb 2024 Web Ad
  • Zhono Web ad March 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark