Kofax Captures HP Deal

HP and Kofax have signed an agreement that will see HP resell and support Kofax's capture and exchange technology.

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Kofax, which also has become an HP Platinum Partner, will see its Intelligent Capture & Exchange integrated into HP imaging and printing solutions. This includes intelligent document recognition to classify and extract data from any document type; and the Kofax Document Exchange Server—software that allows documents and information to be exchanged among multifunction peripherals, scanners, e-mail and transactional business processes such as invoice processing, new account openings and sales order processing.

"Through our new agreement with HP, we see a strategic opportunity to expand the reach of our proven intelligent capture and exchange solutions, and to leverage our joint expertise to solve today's most challenging input management needs," said Reynolds C. Bish, CEO of Kofax's parent company, DICOM Group, in a statement. "Kofax Intelligent Capture & Exchange is already helping organizations around the world to automate key business processes and streamline the capture of critical documents—no matter how complex—including invoices, utility bills, public and private records, and inbound mail."

Harvey Spencer, president of Harvey Spencer Associates, said in a statement: "Although increasing amounts of business are transacted electronically, paper frequently provides a key part of the overall transaction set. Large companies are therefore looking more closely at capture software as a strategic need."