MegaFon Selects Kofax for an Enterprise Capture Solution

<p><strong>IRVINE, CA, MARCH 29, 2011</strong>--Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced it will provide MegaFon, the second largest mobile phone operator in Russia, with an enterprise capture solution. The value of the contract to Kofax exceeds $700,000.</p> <p>With 56 million active subscriber accounts, MegaFon is the only mobile phone operator in Russia that operates its own network and provides a range of services throughout the country. MegaFon will implement Kofax Capture, Kofax Transformation Modules, Kofax VirtualReScan and Kofax Monitor as part of a solution to scan and process approximately 50 million account applications, invoices, contracts and other documents it receives annually from its customers and suppliers. The Kofax software will enable MegaFon to capture information from both structured and unstructured documents in an efficient, accurate manner, resulting in accelerated document processing, reduced costs and improved customer service.</p> <p>“Whenever incoming documents drive business processes and transactions, companies can benefit from implementing a capture solution. Kofax software offers global telecommunications providers a unified enterprise capture platform that is highly reliable, secure and scalable,” said Alan Kerr, Executive Vice President of Field Operations at Kofax. “Reduced operating costs, increased productivity, accelerated business processes, better data quality and improved regulatory compliance efforts easily combine to provide a compelling, short term return on investment.”</p> <!--break--> <p>Kofax Capture provides industry leading scan-to-archive capabilities by scanning documents and forms to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications. This can significantly reduce retrieval costs while improving better regulatory and compliance efforts. Kofax Capture is flexible and scalable, enabling customers to define where and how images are captured and indexed, whether in a home office, remote branch or back office data center.</p> <p>Kofax Transformation Modules (KTM) adds document and form classification, page separation, challenging data extraction and validation capabilities to Kofax Capture and provides robust scan-to-process applications. By automating what were previously labor intensive, error prone and time consuming tasks, it can significantly reduce labor costs, improve information quality and accelerated business processes.</p> <p>Kofax Virtual Rescan (VRS) is Kofax’s patented image enhancement and perfection software. VRS reduces the time involved in manual document preparation and enhances the quality of scanned images, dramatically improving both manual scanning productivity and the efficiency of document capture processes. High quality images are critical as they can significantly impact the success of downstream data extraction and retrieval needs.</p> <p>Kofax Monitor provides real time monitoring and performance capabilities to ensure the operational health of Kofax installations. It monitors the system’s software and applications, providing real time access to operational information and alerts to facilitate immediate corrective action when necessary.</p>