Kofax Acquires Print Management Software Provider Printix.net

Kofax, Printix, acquisition

Kofax, a supplier of intelligent automation software, is closing a deal to acquire Printix.net, a supplier of cloud-based print management systems. Terms of the deal were not disclosed.

In a press release on Tuesday (Aug. 10) Kofax CEO Reynolds C. Bish said that the customers, partners and staff of Printix will fold into Kofax. Kofax will continue to invest in Printix and support marketing and development.

Bish added that the acquisition offers Kofax the chance to “continue enhancing our intelligent automation platform, increase our customer and partner ecosystem, and establish a strong position in the high-growth, cloud-based SaaS print management software market.”

Printix’s cloud-based Software-as-a-Service (SaaS) offering eliminates the need for companies to have traditional print management software installed onsite. CEO Jesper Christiansen said combining with Kofax will result in a quick scaling of Printix’s “market access, partner channels and customer base.”

He added that the company’s current clients will be able to tap the many resources and services Kofax provides and help speed their “digital workflow transformation journeys.”

In a recent study by Quocirca’s Cloud Print Services, 67 percent of respondents indicated they were planning to expand the use of cloud print management by 2025, according to its director, Louella Fernandes.

“This acquisition is a natural fit for Kofax, which currently holds a leadership position in the broad print management marketplace and allows them to extend that leadership into cloud-based print management,” Fernandes said.

Kofax was founded in 1999 and is based in Irvine, California.