According to people with knowledge of the matter, Thoma Bravo, the private equity firm headed by Orlando Bravo, is looking at the sale of automation software provider Kofax.
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The people said that Thoma Bravo is working with an adviser to solicit potential interest in the Irvine, California-based company, which could fetch $3 billion including debt. No final decisions have been made and Thoma Bravo could choose to keep Kofax.
A Thoma Bravo representative didn't immediately respond to a request for comment, and a Kofax spokeswoman didn't immediately respond to a request for comment.
In August, Kofax acquired Printix.net ApS, a cloud-based print management software provider, led by Chief Executive Officer Reynolds Bish. The acquisition of Top Image Systems Ltd., which provides document-capture, workflow-automation and content management software, followed by the June purchase of Psigen Software Inc.
In 2017, Thoma Bravo acquired Kofax through the acquisition of Lexmark International Inc.'s enterprise software business. It combined Kofax and ReadSoft as part of the deal.
The firm was active in 2021. This month, Thoma Bravo announced that it had completed the acquisition of HCSS, a supplier of estimating, operations, and fleet-management software, as well as QAD Inc., a provider of cloud-based manufacturing and supply-chain solutions. One of its portfolio companies, McAfee Corp., has agreed to be taken private in a buyout with a consortium of firms, including Advent International Corp., Permira Advisers and Crosspoint Capital Partners.
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