Kofax Wins BPO Firm

Irvine-based Kofax, the developer of document capture products, said earlier this week that it has been selected by an un-named, leading business process outsourcing (BPO) firm. Kofax said the deal, worth more than $1.5 million, is for its products in the real estate, mortgage, asset management, and financial services industries. The company's products will be used for scanning and processing approximately 58 million mortgage applications and loan documents each year.