Kofax Strikes $7M Data Mgmt Software Deal With US Agency

KofaxKofax Plc has closed a $7.6 million sales agreement with an unnamed U.S. government agency covering software designed to collect and store virtual information from benefits applications.

The transaction includes $3.5 million in maintenance services over four years as well as $4.1 million in software licenses for Kofax Capture and Kofax Transformation Modules, the company said Tuesday.

This is the company’s largest software sale in a single transaction, Kofax said.

Kofax Capture works to scan documents and create digital images that are intended to be classified, extracted and validated automatically with the installation of Kofax Transformation Modules.

The computerized and systematic screening process is meant to help update records, according to the company.

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