Add-on Acquisition • Software

Tungsten Automation Acquires Ephesoft

On August 18, 2022, Tungsten Automation acquired software company Ephesoft

Acquisition Context
  • This is Tungsten Automation’s 9th transaction in the Software sector.
  • This is Tungsten Automation’s 7th transaction in the United States.
  • This is Tungsten Automation’s 2nd transaction in California.

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M&A Deal Summary

Date August 18, 2022
Target Ephesoft
Sector Software
Buyer(s) Tungsten Automation
Deal Type Add-on Acquisition
Advisor(s) Mizuho (Financial)

Target Company

Ephesoft

Irvine, California, United States
Ephesoft is an Intelligent Document Processing (IDP) platform and data enrichment solutions automate document-centric processes to maximize operational efficiency and human productivity for enterprises and the public sector. Using AI, patented machine learning, and proprietary classification models, Ephesoft’s customizable and scalable platform turns any document type into structured, actionable data to accelerate business processes and data-driven decisions. Ephesoft was founded in 2010 and is based in Irvine, California.
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Buyer Overview 1

Buyer

Tungsten Automation

Irvine, California, United States

Category Company
Founded 1985
Sector Information Technology
Revenue 290M USD (2013)
DESCRIPTION

Tungsten Automation provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. The company supports customers in realizing faster time-to-value and increased competitiveness, growth, and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics, and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Tungsten Automation was formed in 1985 and is headquartered in Irvine, California.


Deal Context for Buyer #
Overall 15 of 15
Sector: Software 9 of 9
Type: Add-on Acquisition 14 of 14
State: California 2 of 2
Country: United States 7 of 7
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Tungsten

London, United Kingdom

Tungsten is a global B2B e-invoicing network that facilitates and streamlines complex invoice-to-pay processes. Tungsten was founded in 2000 and is based in London, the United Kingdom.

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