Kofax to buy Nuance's imaging division for $US400M in cash

Kofax has entered into a definitive agreement to acquire Nuance Document Imaging (NDI), a division of Nuance Communications.

Nuance eCopy ShareScan software is bundled with many multi-function printers (MFPs), while OmniPage Server is a high-volume OCR, PDF converter and bulk image converter.

Nuance’s imaging division accounted for about 11 percent of its revenues last year, and the company has elected to focus on its voice recognition and AI-based solutions.

According to Nuance, the sale will enable it to focus the business entirely on its conversational AI- and cloud- based solutions while simplifying the organization and improving its growth profile.

 “Through the acquisition of Nuance’s document imaging division, Kofax will drive customer value by adding key technologies, including cloud compatibility, scan-to-archive, scan-to-workflow, print management and document security, to our end-to-end Intelligent Automation platform,” said Reynolds C. Bish, Chief Executive Officer of Kofax.

“In addition we will now be able to combine the best capture and print management capabilities available in the market into one product portfolio.”

The transaction is expected to close by the end of Q1, 2019.


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