Kofax plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business process management) solutions, today announced that a top 10 global banking group headquartered in Western Europe has extended its use of Kofax software. The value of the contract to Kofax exceeds $2 million.

The customer, one of the largest financial institutions in the world, will implement additional Kofax Capture™, Kofax Transformation Modules™ and Kofax Monitor™ licenses to enable the automatic capture, extraction and validation of information from more than 140 million additional incoming pages annually. The Kofax solution will enable the customer to route the information to other enterprise software applications and repositories while decreasing processing times and reducing operating costs across the enterprise.

"Large financial services organizations need true enterprise capture capabilities, and Kofax has a proven history of providing customers with the flexibility to process any document, the scalability to process any volume of documents and the ability to route digital information to any enterprise application," said Alan Kerr, Executive Vice President of Field Operations at Kofax.

Kofax Capture™ provides industry leading scan-to-archive capabilities by scanning documents and forms to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications. This can significantly reduce retrieval costs while improving regulatory and compliance efforts. Kofax Capture is flexible and scalable, enabling customers to define where and how images are captured and indexed, whether in a home office, remote branch or back office data center.

Kofax Transformation Modules™ (KTM) adds document classification, page separation, data extraction and validation capabilities to Kofax Capture to drive robust capture-to-process applications. By automating what were previously labor intensive, error prone and time consuming tasks, Kofax Transformation Modules can significantly reduce labor costs, improve information quality and accelerate business processes.

Kofax Monitor™ provides real time monitoring and performance capabilities to ensure the operational health of Kofax Capture, and advanced recognition and communication systems. It monitors the system's components, including scanners supporting Kofax VRS Elite™, and its business service viability, providing real time access to operational information so immediate corrective action is taken.

About Kofax

Kofax plc (LSE: KFX) is a leading provider of Capture Enabled BPM™ (business process management) solutions. These award winning solutions capture and streamline the flow of business critical information throughout an organization in a more accurate, timely and cost effective manner, enabling our customers to be more responsive to their constituents and gain competitive advantage. Kofax solutions provide a rapid return on investment to thousands of customers in banking, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organization, and a global network of more than 800 authorized partners in more than 70 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2012 Kofax plc. "Kofax" is a registered trademark and "Capture Enabled BPM," "Kofax Capture" "Kofax Transformation Modules," "Kofax Monitor" and "Kofax VRS Elite" are trademarks of Kofax plc.

Kofax plc
Rebecca Mack, +1-949-783-1292
Senior Public & Investor Relations Manager
rebecca.mack@kofax.com