Kofax plc announced that CashCall selected a Kofax mobile smart app to streamline and automate its mortgage loan processing, enabling an improved customer experience. CashCall will use Kofax Mobile Capture for Mortgage to leverage mobile devices in capturing the original and trailing mortgage documents necessary to complete an application or transaction. The lender will also use Kofax Transformation Modules(TM) to automatically classify, separate, extract and validate the business critical content in those documents. By using mobile devices, CashCall's customers can quickly and easily submit documents such as paycheck stubs, W-2s, driver licenses, investment account statements and tax returns directly into the loan process, which allows the lender to more rapidly service, approve and close loans. Kofax Transformation Modules(TM) (KTM) is an integrated platform of applications that streamline the transformation of different document types into structured electronic information, ready for delivery into business systems and processes. It replaces manual, error-prone and expensive document sorting, filing and data entry processes with assisted and automated document classification, separation and data extraction, significantly reducing labor costs, improving productivity and information quality, and accelerating throughput of data collection in support of business decisions and related processes.

Kofax plc announced that a global financial credit services provider has invested nearly $1 million in Kofax software and services to automate private card branding processes and ensure consistent and responsive customer service worldwide. The customer will implement Kofax TotalAgility, business process and dynamic case management software, to automate credit and payment card private branding design and production processes for its customers, which include banks, credit unions, gift card distributors and corporate card issuers. Approximately 10,000 customers will be able to submit designs and the financial credit services provider will process, edit and provide feedback in near real time, significantly reducing time to revenue and enhancing brand management. The customer chose Kofax TotalAgility over other business process and dynamic case management software because of its ease of use and rapid deployment capabilities along with its Microsoft SharePoint(R) integration, and frustration arising from previously having tried other solutions. Kofax TotalAgility(TM) is business process and dynamic case management software that enables organizations to achieve significant operational gains. More efficient, flexible and better executed business processes mean lower costs plus greater and earlier ROI. TotalAgility provides capabilities for process design, automation, simulation, workflow control for managing human tasks, integration tools for linking third party business applications to processes and business rules.

Kofax plc reported unaudited earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company's total revenues increased 9.6% to $64.3 million against $58.7 million a year ago. Income from operations increased to $3.5 million against loss of $1.1 million a year ago. Adjusted income from operations (adjusted EBITDA) increased 76.5% to $8.4 million against $4.7 million a year ago. Adjusted diluted EPS was $0.06 against $0.03 a year ago. Adjusted cash generated from operations for the quarter was $16.3 million against $23.8 million a year ago. For the nine months, the company's total revenues were $188.2 million. Adjusted EBITDA was $24.5 million. The company reaffirms guidance for all of fiscal year 2013 for no to low single digit growth in total revenue on a constant currency basis and an adjusted EBITDA of approximately 10% less than that reported in fiscal year 2012.