FOUNDER, CEO, EPHESOFT
WHY: Started up-and-comer in the document processing industry. Ephesoft was founded in 2010 and is seeing year-over-year growth of more than 30%, as of early 2022. Firm was expecting to reach $100M in ARR—annual recurring revenue— within three or so years, Kavas said at the time.
IN THE NEWS: Bought by crosstown rival Kofax in August. Recipient of Business Journal Innovator of the Year Award in September.
NOTABLE: Sale is a homecoming for Kavas, who worked at Kofax from 2003 to 2010 before starting his own firm. He plans to “continue leading Ephesoft’s organizational efforts.”
