Kofax, a leading provider of smart process applications for customer interactions, has acquired Softpro GmbH, a provider of signature verification, fraud prevention and electronic signature software and services. The
acquisition will enable Kofax customers to implement streamlined, fully digital end-to-end processes using e-signatures instead of ‘wet ink’ signatures on printed documents.
SignDoc, Softpro’s electronic signature software, offers click-to-sign and physical signature capture, signature verification and fraud detection. It is available for on-premise or cloud deployments and processes over 200 million electronic signatures annually.
Reynolds C. Bish, Chief Executive Officer of Kofax, said: “Softpro has established itself as a trusted solution provider with many of the world’s largest banks, leading financial institutions, retailers and government agencies in more than 50 countries. Its software offers enhanced capabilities to Kofax customers who want to embed it within their smart process applications.”
Forrester Research says electronic signatures are gaining momentum as prices fall and businesses seek to reduce transaction costs and speed up processes. In its report, The Forrester Wave: E-Signatures, it states: “Enterprise architects should include e-signature as part of an overall enterprise content management (ECM) and business process management (BPM) strategy, making it a foundational technology along with records management, eDiscovery and other content services used across all lines of business.”