Kofax Buys E-Signature Firm Softpro

acquisitionKofax (NASDAQ: KFX) has moved to build up its information security offerings with the acquisition of German verification systems provider Softpro for an undisclosed amount.

Irvine, California-based Kofax said Tuesday it expects the transaction to add fraud detection and electronic signature verification to its First Mile business process management software.

Kofax expects to complete the transaction by December 2014.

“Softpro has established itself as a trusted solution provider with many of the world’s largest banks… retailers and government agencies in more than 50 countries, ” Kofax CEO Reynolds C. Bish said.

“Its software offers enhanced capabilities to Kofax customers who want to embed it within their smart process applications.”

The company said the integration will include Softpro’s FraudOne bank check verifier and SignDoc mobile signature capture for on-premise and cloud deployments.

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