Kofax Acquires Kapow Technologies for $47,500,000

  • Feed Type
  • Date
    8/1/2013
  • Company Name
    Kapow Technologies
  • Mailing Address
    260 Sheridan Ave Palo Alto, CA 94306
  • Company Description
    Kapow Technologies is the leading provider of Web Integration solutions. Kapow markets RoboSuite, an integration platform that enables fast and powerful integration of web-based content and applications into portals, content management systems and knowledge management systems.
  • Website
    http://www.kapowtech.com
  • Transaction Type
    M&A
  • Transaction Amount
    $47,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Kofax has acquired all of Kapow’s stock for total consideration of $47.5 million in cash, prior to deducting approximately $1.4 million of cash held by Kapow on closing of the transaction. Of this amount, $40.4 million was paid on closing. An additional $2.4 million will be paid upon Kofax’s receipt of Kapow’s audited financial statements for its fiscal year ended June 30, 2013, $2.2 million will be paid one year from closing and $2.5 million will be paid two years from closing, with said amounts being subject to certain indemnification terms and conditions.

By posting a comment, you agree to our terms and conditions.