Tungsten Automation
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Tungsten Automation
Tungsten Automation, formerly Kofax Inc., is an Irvine, California-based intelligent automation software provider. Founded in 1985, the company's software allows businesses to automate and improve business workflows by simplifying the handling of data and documents. Since 2017, the company has been an independent portfolio company owned by private equity firm Thoma Bravo. In 2022, Clearlake Capital and TA Associates completed their acquisition of the company from Thoma Bravo. History Tungsten Automation was founded in 1985 as Kofax Image Products by engineers Dean Hough and David Silver, who worked together at document processing company FileNet. Silver became the company's chief executive officer and president. The company initially focused on making personal computer circuit boards to convert them into image-processing machines, and its first products were released in 1989. In the 1990s, the company continued to develop its core image processing technology. In October 1997 ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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OpenText
OpenText Corporation (styled as opentext) is a global software company that develops and sells information management software. OpenText, headquartered in Waterloo, Ontario, Canada, is Canada's fourth-largest software company as of 2022, and recognized as one of Canada's top 100 employers 2025 by Mediacorp Canada Inc. OpenText software applications manage content and unstructured data for large companies, government agencies, and professional service firms. OpenText's main business offerings include data analytics, enterprise information management, AI, cloud solutions, security, and products that address information management requirements, including management of large volumes of content, compliance with regulatory requirements, and mobile and online experience management. OpenText employs 22,900 people worldwide, and is a publicly traded company, listed on the Toronto Stock Exchange and the NASDAQ (OTEX). History Timothy Bray, with the University of Waterloo professors F ...
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Orchestration (computing)
In system administration, orchestration is the automated configuration, coordination, deployment, development, and management of computer systems and software. Many tools exist to automate server configuration and management. Usage Orchestration is often discussed in the context of service-oriented architecture, virtualization, provisioning, converged infrastructure and dynamic data center topics. Orchestration in this sense is about aligning the business request with the applications, data, and infrastructure. In the context of cloud computing, the main difference between workflow automation and orchestration is that workflows are processed and completed as processes within a single domain for automation purposes, whereas orchestration includes a workflow and provides a directed action towards larger goals and objectives. In this context, and with the overall aim to achieve specific goals and objectives (described through the quality of service parameters), for example, m ...
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OmniPage
OmniPage is an optical character recognition (OCR) application available from Kofax Incorporated. OmniPage was one of the first OCR programs to run on personal computers. It was developed in the late 1980s and sold by Caere Corporation, a company headed by Robert Noyce. The original developers were Philip Bernzott, John Dilworth, David George, Bryan Higgins, and Jeremy Knight. Caere was acquired by ScanSoft in 2000. ScanSoft acquired Nuance Communications in 2005, and took over its name. By 2019 OmniPage had been sold to Kofax Inc. OmniPage supports more than 120 different languages. OmniPage provides software development kit A software development kit (SDK) is a collection of software development tools in one installable package. They facilitate the creation of applications by having a compiler, debugger and sometimes a software framework. They are normally specific t ...s for integrating OCR functionality into other applications, such as Microsoft Office Document Imaging and ...
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PaperPort
PaperPort is commercial document management software published by Tungsten Automation, used for working with scanned documents. It uses a built-in optical character recognition to create files in searchable Portable Document Format (PDF); text in these files is indexed and can be searched for with appropriate software, such as Microsoft's Windows Search. Earlier versions of PaperPort used OmniPage to provide this function. It provides image editing tools for these files. PaperPort allows scanned documents to be separated into individual pages, and reassembled into new PDF files. Originally, PaperPort created files in .MAX file format natively, but later versions use PDF. Versions of PaperPort from V14 cannot edit .MAX files, but they can be converted to PDF, which can be edited. PaperPort only supports Windows. It previously supported iOS and was compatible with the iPad. An open-source program called Paperman provides basic functionality for Linux (and has been partiall ...
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Nuance Communications
Nuance Communications, Inc. is an American multinational computer software technology corporation, headquartered in Burlington, Massachusetts, that markets speech recognition and artificial intelligence software. Nuance merged with its competitor in the commercial large-scale speech application business, ScanSoft, in October 2005. ScanSoft was a Xerox spin-off that was bought in 1999 by Visioneer, a hardware and software scanner company, which adopted ScanSoft as the new merged company name. The original ScanSoft had its roots in Kurzweil Computer Products. In April 2021, Microsoft announced it would buy Nuance Communications. The deal is an all-cash transaction of $19.7 billion, including company debt, or $56 per share. The acquisition was completed in March 2022. History The company that would become Nuance was incorporated in 1992 as Visioneer. In 1999, Visioneer acquired ScanSoft, Inc. (SSFT), and the combined company became known as ScanSoft. In September 2005, Sc ...
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ReadSoft
ReadSoft was a global provider of applications for automating business processes. ReadSoft was founded by two university students in Linköping, Sweden, in 1991. The company was headquartered in Helsingborg, Sweden and its shares were traded on the NASDAQ OMX – Stockholm Small Cap list. ReadSoft had operations in 17 countries and a partner network in an additional 70 nations. In July 2017, private equity and growth capital firm Thoma Bravo acquired and combined ReadSoft, Kofax, and Perceptive Software into an independent portfolio company named Kofax. Company operations ReadSoft's specialties included accounts payable automation, accounts receivable automation, sales order processing, and digital mailrooms. ReadSoft has been regarded as an "AP invoice specialist" – AP is a common abbreviation of Accounts Payable – by Gartner, an independent information technology research and advisory company. Specialist software is designed to integrate with the AP software from ERP syst ...
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Growth Capital
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority interest, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business. Companies that seek growth capital are often small, rapidly growing, and their assets are often intangible. They will often do so to finance a transformational event in their lifecycle. These companies are likely to be more mature than venture capital funded companies, able to generate revenue and profit but unable to generate sufficient cash to fund major expansions, acquisitions or other investments. Because of this lack of scale, these companies generally can find few alternative conduits to secure capital for growth, so access to growth equity can be critical to pursue necessary facility expansion, sales and marketing initiatives, equipment purchases, ...
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Perceptive Software
Perceptive Software is a business unit of Hyland Software, Inc. Hyland announced its acquisition of Perceptive in July 2017. History The company was founded in 1988 as Genesis Software and initially produced accounts payable software applications. The name changed to Perceptive Vision in 1995, when the company's focus shifted to document management, imaging and workflow and its flagship product, ImageNow. The company became Perceptive Software in 2004 and was acquired by Lexmark International in 2010 for $280 million. In 2011, Lexmark purchased the Netherlands-based Pallas Athena in a cash transaction valued at approximately $50.2 million. The Dutch company became part of Perceptive Software. In 2012, Perceptive Software was one of the top 10 providers of ECM software technology in the world. In March 2012, Lexmark International acquired Australia-based ISYS Search Software for $32 million and U.S.-based Nolij Corporation for $32 million. Nolij develops web-based documen ...
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Lexmark
Lexmark International, Inc. is a privately held American company that manufactures laser printers and imaging products. The company is headquartered in Lexington, Kentucky. Since 2016 it has been jointly owned by a consortium of three multinational companies: Ninestar (formerly Apex Technology), PAG Asia Capital, and Legend Capital. On December 23, 2024, it was announced that Xerox will acquire Lexmark for $1.5 billion. History Lexmark was formed on March 27, 1991, when investment firm Clayton & Dubilier completed a leveraged buyout of IBM Information Products Corporation, the printer, typewriter, and keyboard operations of IBM. Lexmark became a publicly traded company on the New York Stock Exchange on November 15, 1995 (under NYSE:LXK). By 2016, the company struggled to keep corporate clients that are cutting costs and the consumers who are shifting to mobile devices from personal computers. It was reported in April 2016 that Lexmark would be taken private and acquired ...
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Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Netherlands. The Netherlands consists of Provinces of the Netherlands, twelve provinces; it borders Germany to the east and Belgium to the south, with a North Sea coastline to the north and west. It shares Maritime boundary, maritime borders with the United Kingdom, Germany, and Belgium. The official language is Dutch language, Dutch, with West Frisian language, West Frisian as a secondary official language in the province of Friesland. Dutch, English_language, English, and Papiamento are official in the Caribbean Netherlands, Caribbean territories. The people who are from the Netherlands is often referred to as Dutch people, Dutch Ethnicity, Ethnicity group, not to be confused by the language. ''Netherlands'' literally means "lower countries" i ...
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Stuttgart
Stuttgart (; ; Swabian German, Swabian: ; Alemannic German, Alemannic: ; Italian language, Italian: ; ) is the capital city, capital and List of cities in Baden-Württemberg by population, largest city of the States of Germany, German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Swabian Jura and the Black Forest. Stuttgart has a population of 632,865 as of 2022, making it the list of cities in Germany by population, sixth largest city in Germany, while over 2.8 million people live in the city's administrative region and nearly 5.5 million people in Stuttgart Metropolitan Region, its metropolitan area, making it the metropolitan regions in Germany, fourth largest metropolitan area in Germany. The city and metropolitan area are consistently ranked among the List of EU metropolitan regions by GDP#2021 ranking of top four German metropolitan regions, top 5 Europea ...
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