Add-on Acquisition • Information Technology

Tungsten Automation Acquires Top Image Systems

On February 4, 2019, Tungsten Automation acquired information technology company Top Image Systems

Acquisition Context
  • This is Tungsten Automation’s 3rd transaction in the Information Technology sector.
  • This is Tungsten Automation’s 1st transaction in Israel.

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M&A Deal Summary

Date February 4, 2019
Target Top Image Systems
Sector Information Technology
Buyer(s) Tungsten Automation
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity (Financial)
GreenbergTraurig (Legal)

Target Company

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.
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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 11 of 15
Sector: Information Technology 3 of 3
Type: Add-on Acquisition 10 of 14
Country: Israel 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Nuance Communications - Document Imaging Division

Burlington, Massachusetts, United States

Nuance Communications, Inc. - Document Imaging Division is a provider of conversational AI- and cloud-based solutions.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 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.

Buy -