Business Process Co. Kofax Picks Up Singularity For $48M

Law360, New York (December 6, 2011, 2:41 PM EST) -- Business process automation company Kofax PLC has reached a deal to acquire business process management software and case management solutions provider Singularity Ltd. for $48.1 million, Kofax announced Tuesday.

The transaction is aimed at expanding Irvine, Calif.-based Kofax's addressable market and providing customers with the only BPM platform capable of document capturing, the company said.

“We've become a leader in the capture market by managing information into customers' enterprise applications and repositories,” Kofax CEO Reynolds C. Bish said in a statement. “The acquisition of Singularity will...
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