Arma Partners is pleased to announce that it has acted as financial advisor to Clearlake and TA Associates on their acquisition of Kofax, a provider of intelligent automation software to facilitate digital workflow transformation.

Founded in 1985, Kofax is one of the largest suppliers in the process automation market, supporting more than 25,000 customers across diverse industries worldwide. With over 1,900 employees in 31 countries, Kofax counts 8 of the top 10 global banks and 7 of the top 10 global insurers as customers. The company combines robotic process automation, cognitive capture, process orchestration, mobility, engagement and analytics to digitally transform information-intensive business processes.

Clearlake and TA will partner with the Kofax management team to expand the company’s workflow automation solutions and grow its footprint, both organically and through acquisitions.

This transaction further underscores Arma Partners’ continued leadership position in enterprise software and consistent track record of advising on landmark multi-billion private equity-backed transactions.