Kofax join hands with MobiFlex

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Kofax plc has entered into an OEM agreement with and made a $500,000 minority investment in MobiFlex, Inc. The announcement is said to be the result of a joint development effort that began in early 2011 and creates the basis for a long term strategic partnership between the two companies.

Reynolds C. Bish, CEO, said, "We evaluated a number of alternative approaches to addressing mobile capture needs and selected MobiFlex as what we consider to be the best fit with our software products and solutions. As a result, we're very pleased to now enter into these agreements with MobiFlex. Our customers have expressed a great deal of interest in these capabilities for some time now and we're excited about being able to meet this demand with the release our first mobile capture software products during the first calendar quarter of 2012."

The OEM agreement is supposed to provide Kofax with the basic software tools and infrastructure needed to develop market and deploy mobile capture applications for customers wishing to utilize smartphones and tablet computers as point of origination gateways into their Kofax solutions. This is believed to enable customers to use iPhones, iPads, Android phones and Android tablet computers and cameras in those devices to input information and capture images of documents and photographs. These can then be passed to Kofax workflows used to manage that content into their enterprise applications and repositories.

Under the terms of these agreements, MobiFlex has granted Kofax the ability to ensure its exclusive global right to this technology for document centric mobile capture applications, and a fully paid up right to access and use the technology's source code in order to maintain, enhance and remarket the MobiFlex technology should MobiFlex discontinue operations. MobiFlex has also agreed to provide maintenance and support services to Kofax and conduct certain additional joint development efforts.


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