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Ta And Clearlake Capital-Backed Kofax Completes Acquisition Of Ephesoft

PRIVATEAug 18, 2022

Acquiring Company

TA Associates

Acquired Company

Ephesoft

BostonIrvineFinancial ServicesFinanceVenture CapitalAngel InvestmentSoftware

Description

Kofax® (or the “Company”), a leading supplier of Intelligent Automation (IA) software for digital workflow transformation, backed by TA Associates (“TA”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced it has acquired Ephesoft Inc. (“Ephesoft”). The acquisition will add to Kofax’s intelligent document processing (IDP) solutions and go-to-market channels. With global coverage and cloud solutions, the combined company will provide organizations with value-add solutions to accelerate deployments. Financial terms of the transaction were not disclosed.

Quick answer

TA Associates and Kofax are acquiring Ephesoft, announced August 18, 2022. TA Associates is based in Boston, Massachusetts, United States.

How much did TA Associates pay for Ephesoft?
The deal value was not disclosed.
What does TA Associates do?
TA is a leading global growth private equity firm.
Where are TA Associates and Ephesoft based?
TA Associates is based in Boston, Massachusetts, United States.
Who are the decision-makers at TA Associates?
Fundz holds 1 contact at TA Associates. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

TA Associates

Location

Boston, Massachusetts, United States

About

TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer, and business services – the firm invests in profitable, growing companies with opportunities for sustained growth and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.

Company

Kofax

Location

Irvine, California, United States

About

Kofax provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. Kofax supports customers in realizing faster time-to-value and increased competitiveness, growth and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Kofax is headquartered in Irvine, CA and has more than 1,900 employees on a global basis. For more information, visit www.kofax.com.

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Frequently asked

Who acquired Ephesoft?

Ephesoft was acquired by TA Associates, based in Boston. The deal was reported on August 18, 2022. TA is a leading global growth private equity firm. TA Associates is privately held and operates in Financial Services.

When did TA Associates acquire Ephesoft?

TA Associates's acquisition of Ephesoft was reported on August 18, 2022. Kofax® (or the “Company”), a leading supplier of Intelligent Automation (IA) software for digital workflow transformation, backed by TA Associates (“TA”) and Clearlake Capital Group, L.P. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ephesoft do?

Ephesoft provides Intelligent Document Processing solutions with industry-leading speed, accuracy, and implementation. Schedule a demo today. It is privately held.

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