Kofax Wins $700,000 Contract

Irvine-based Kofax, the developer of business document management software, reported that it has won a $700,000 contract in the Asia Pacific region. The company said a general insurance and asset management provider has awarded it more than $700,000 for its software, to help with insurance claims processing. Name of the customer wass snot announced. Kofax said the customer is handling more than 300,000 documents annually.