© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Kofax Acquires Aia for USD19.5m
Posted 8th April 2015

Kofax Acquires Aia for USD19.5m

Kofax (KFX) announced the acquisition of Aia Holding BV, a customer communications managementcompany based in The Netherlands, for $19.5 million.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Kofax Acquires Aia for USD19.5m

Kofax Acquires Aia for $19.5 million

View Biography
Kofax

View Biography
Aia

Acquirer

Target

Kofax (KFX) announced the acquisition of Aia Holding BV, a customer communications managementcompany based in The Netherlands, for $19.5 million.

According to Kofax, Aia’s customer communications management software helps organizations manage interactive and ad hoc customer correspondence both electronically and on paper, enabling them to address evolving needs faster and increase the effectiveness of their customer communications.

Kofax said that Aia’s customer communications management software will be integrated into Kofax’s TotalAgility offering, and will continue to be offered on a stand-alone basis as well.

“The addition of CCM to TotalAgility’s capture, process management, information integration, analytics, e-signature and mobile capabilities will significantly strengthen the value of Kofax’s smart process applications and their competitive differentiation and advantage,” Kofax said in a release.

Under the terms of the agreement, Kofax acquired all of Aia’s stock for $19.5 million in cash. Of the $19.5 million, $16.6 million was paid on the transaction’s closing date of Feb. 27, 2015.

Additionally, $1.4 million will be paid one year from closing and $1.5 million will be paid 18 months from closing, with said amounts subject to certain indemnification terms and conditions, the companies said.

Prior to Kofax’s acquisition, Aia was a privately held company headquartered in Nijmegen, The Netherlands with approximately 70 employees. According to Kofax, Aia’s unaudited financial statements for the fiscal year ended Oct. 31, 2014 reported revenues of $8.9 million, 26% of which arose from software licenses, 29% from maintenance services, and 45% from professional services.

“The acquisition of Aia is a natural step forward in realizing our strategic vision for smart process applications,” Kofax’s chief executive officer, Reynolds Bish, said.

“The need for a comprehensive, end-to-end customer engagement platform that handles content from any channel or device anywhere is becoming ubiquitous and urgent,” Bish continued. “Adding CCM to the award-winning Kofax TotalAgility platform will let organizations offer an even more compelling experience to their customers in the business critical First Mile. We’re very excited to welcome Aia to the Kofax family.”

Kofax said that it expects to complete the full integration of Aia by the end of its fiscal year on June 30, 2015.

The Aia deal marks the second time in the last six months that Kofax has acquired a company based in Europe.

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Global Reach | Regional Focus
Finance
13/11/2017Global Reach | Regional Focus

Global Reach | Regional Focus

Read Full PostRead - Eye Icon
Business Beyond the Bottom Line: A New Era of Enterprise
News
12/08/2024Business Beyond the Bottom Line: A New Era of Enterprise

Business Beyond the Bottom Line: A New Era of Enterprise Picture credit A paradigm shift is underway in the rapidly evolving landscape of modern business. Companies are increasingly recognizing that success is not solely defined by financial metrics but by a b

Read Full PostRead - Eye Icon
What Is Medical Negligence? What To Do If You Experience One
Legal
16/03/2023What Is Medical Negligence? What To Do If You Experience One

You expect the best care and results when you go to a hospital. However, sometimes things don’t go as anticipated. Your healthcare provider could make errors during treatment, diagnosis, or aftercare.

Read Full PostRead - Eye Icon
Several Ways on How Engineering Innovations Make Your Business More Competitive
Innovation
13/09/2021Several Ways on How Engineering Innovations Make Your Business More Competitive

Wondering what kind of benefits engineering innovation can bring to business so that the last win competition among dozens of rivals? Keep reading this article!

Read Full PostRead - Eye Icon
Cybersecurity Awareness Month: 5 Essential Steps to Protect Your Business
Finance
15/10/2024Cybersecurity Awareness Month: 5 Essential Steps to Protect Your Business

According to the 2024 UK Government Cybersecurity Breaches Survey, 50% of businesses experienced a cyber-attack or security breach in the past year.

Read Full PostRead - Eye Icon
Taking Technology To The Next Level
News
22/04/2021Taking Technology To The Next Level

As technology has evolved over the years, so too have the ways in which that technology is used. More and more innovations are happening on a daily basis, and the world is moving at a faster pace than ever before towards greater implementation of technology. A

Read Full PostRead - Eye Icon
What Is An ETF?
Finance
20/12/2018What Is An ETF?

Exchange Traded Funds, or ETFs as they are better known, are traded on a stock exchange, rather like a stock itself. Giving you a brief overview of this often overlooked or misunderstood asset class is Hannah Stevenson, Staff Writer here at Acquisition Interna

Read Full PostRead - Eye Icon
Best Private Asset Broking Firm 2022 – United Kingdom
M&A
25/04/2023Best Private Asset Broking Firm 2022 – United Kingdom

Fraser Coutts & Partners is a multi-award-winning specialist private international brokerage and advisory boutique working in the real assets space. Its founder, Fraser Coutts, is an economist, business advisor, and deal broker with over 25 years of experience

Read Full PostRead - Eye Icon
New Merger & Acquisition Guidance Aims to Minimise Climate Risk From Sales of Oil, Gas Assets
M&A
17/02/2023New Merger & Acquisition Guidance Aims to Minimise Climate Risk From Sales of Oil, Gas Assets

The energy sector is, for obvious reasons, the key area of concern for climate change. Can new guidelines for M&A prioritise emissions reductions?



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow