(Credit: annca / Pixabay)

RPA Provider Kofax Secures $8 Million Order with Global Bank

Robotic process automation (RPA) provider Kofax has signed an $8 million order with an unnamed global bank and current client in what the Irvine, California-based company says is its largest-ever transaction.

The deal involves RPA offerings that include the company’s Kapow and TotalAgility solutions, Kofax said in a statement. Together, they will aim to help the bank automate some 2,000 manual processes and further its digital transformation journey.

“We’re experiencing exponential interest and growth in all things related to RPA and digital transformation,” said Reynolds Bish, chief executive officer of Kofax. “Our solutions are a natural fit for this bank’s forward-thinking strategy.”

The announcement follows a $1.8 million license sale transaction finalized earlier this year by Kofax with a reseller. “We’ve been working with this reseller for years to deliver RPA software that enhances their own solution and provides them with significant competitive advantage,” said Bish.

(Credit: annca / Pixabay)

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