![]() ![]() ![]() In April 2003, Kofax acquired Mohomine Inc., an automated text classification and extraction developer. In 2002, Rick Murphy was named CEO of Kofax, and von Büren was promoted to CEO of Dicom Group. In July 2000, CEO and President Silver stepped down and was succeeded by Arnold von Büren, former deputy chief executive officer of Dicom. In July 1999, the company announced it would be purchased by UK-based holding company DICOM Group in a reported US$75 million cash deal, with the intent to pair Kofax Image Products, Inc.’s digital capture technology with DICOM Group's distribution services in Europe. In October 1997, the company went public on the Nasdaq market. In the 1990s the company continued to develop its core image processing technology. The company initially focused on making personal computer circuit boards to convert them into image-processing machines, and its first products were released in 1989. Silver became the company's chief executive officer and president. Kofax was founded in 1985 as Kofax Image Products by engineers Dean Hough and David Silver, who worked together at document processing company FileNet. ![]()
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