Cearlake Capital (Clearlake) and TA Associates (TA) are to acquire Kofax, a provider of intelligent automation software to facilitate digital workflow transformations from software investment firm Thoma Bravo.
Upon closing of the transaction, Clearlake and TA will become majority shareholders in Kofax. Financial terms of the deal, which is expected to close in the third quarter of 2022 pending customary closing conditions, have not been disclosed.
Over the course of Thoma Bravo’s five-year partnership, Kofax has introduced several new software solutions, closed multiple acquisitions and improved backend operations, contributing to the rapid growth in the Company’s customer base, strong recurring revenue and its leadership position in the automation software market.
