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Kofax Buys Psigen

Purchase expands Kofax capture, automation

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Reynolds C. Bish

$360M revenue … $45M from newer robotic process automation unit, fastest-growing line … global RPA market heading up tenfold to $3B by 2021 … has put $50M in 5 years for R&D … 1.6K employees, 20% in Irvine … offshore software developers Denmark, Russia … Kofax: 21K customers … recognized by industry for helping clients ‘accelerate and digitize document processes and transactions’

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