M&A Deal Summary

Tungsten Automation Acquires PSIGEN

On June 2, 2021, Tungsten Automation acquired software company PSIGEN

Acquisition Highlights
  • This is Tungsten Automation’s 7th transaction in the Software sector.
  • This is Tungsten Automation’s 6th transaction in the United States.
  • This is Tungsten Automation’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-06-02
Target PSIGEN
Sector Software
Buyer(s) Tungsten Automation
Deal Type Add-on Acquisition

Target

PSIGEN

Huntsville, Alabama, United States
PSIGEN is an innovative developer of end-to-end document capture, business process automation and content management solutions. For more than two decades, the company has provided software to improve processes around the capture and management of paper, digital documents, and other mission-critical information. PSIGEN’s solutions focus on cost reduction, compliance, and improved efficiency for any organization. The company's products are designed to provide industry-leading flexibility and scalability, allowing for integration with any type of scanning device, fax server, MFP, or network folder. PSIGEN users have the ability to organize information in PSIGEN’s SAFE document management and workflow solution, or one of 60-plus supported third-party content management systems. It delivers these solutions through a worldwide network of 500-plus authorized resellers and distributors. PSIGEN was formed in 1995 and is based in Huntsville, Alabama.

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Buyer(S) 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 STATS #
Overall 12 of 15
Sector (Software) 7 of 9
Type (Add-on Acquisition) 11 of 14
State (Alabama) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Top Image Systems

Ramat Gan, Israel

Top Image Systems Ltd. is a developer and marketer of automated data capture solutions for managing and validating content gathered from customers, trading partners, and employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Printix

Herlev, Denmark

Printix is a provider of cloud-based SaaS print management software that helps businesses of all sizes eliminate the need to install traditional on-premise print management software with the related print servers enabling the benefits of modern and secure print management functionality. Printix was founded in 2014 and is based in Herlev, Denmark.

Buy -
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