Kofax Purchases Kapow for Analytics and Integration Software
September 3, 2013
Reuters reported on July 31 the update Kofax Buys Kapow Technologies for $47.5 Million. Kofax, an Irvine, California based company acquisitioned the Palo Alto based Kapow for its analytics and data integration software. The purchase moves Kofax into the big data analytics sphere. The Kapow integration product is lauded for its user-friendly interface and its simplicity (Kapow uses a subscription model which makes installation and tests unnecessary. The article Kofax Adds Integration, Big Data Analytics in Kapow Acquisition on eweek explains,
“Thus Kofax… is combining all its newly acquired software IP to provide the basis for a significant big-data software package that will enable large organizations to access data–particularly the hard-to-get data that sits behind apps with no APIs (application programming interfaces)–faster and more cost-effectively…
Kapow Katalyst provides near real-time application integration and process automation, offering traditional API level integration capabilities as well as what it terms a “synthetic API” approach, which provides business users with a point-and-click interface, the company said.”
Kapow Kapplets are the apps that implement that data integration made possible by Kapow Katalyst. Kapow customers include Astra Zeneca, Audi and Zurich Insurance Group. The Chief Officer of Kofax applauded Kapow for its consistent growth in revenue over the last four fiscal years. The most surprising aspect of the deal may be the low deal price, assuming $47.5 million is correct.
Chelsea Kerwin, September 03, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
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