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Daily Archives: February 4, 2019

Kofax to Acquire Top Image Systems

Acquisition to Strengthen and Enhance Digital Capture and SaaS-based Capabilities for Kofax’s Intelligent Automation Platform

IRVINE, Calif., Feb. 04, 2019 (GLOBE NEWSWIRE) — Kofax®, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end business processes, today announced it has entered into a definitive agreement to acquire Top Image Systems™ Ltd. (NASDAQ:TISA) (TIS), a global innovator of on premise and cloud based applications that optimize content-driven business processes.

“TIS customers will enjoy single-vendor access to Kofax’s Intelligent Automation solutions which deliver increased efficiency, enabling the human and digital workforces of tomorrow,” said Reynolds C. Bish, Chief Executive Officer of Kofax. “Leveraging TIS’ SaaS expertise will assist us as we further advance the secure cloud capabilities of our end-to-end Intelligent Automation platform.”

TIS’ on-premise and cloud-based applications automatically capture, process and deliver content across enterprise applications, transforming information entering an organization into useful and accessible electronic data and delivering it, with minimal manual handling, to the relevant business system or person.

“We’re excited by the opportunity to join forces with Kofax,” said Brendan F. Reidy, Chief Executive Officer of TIS. “Together we’ll be able to provide a broader and deeper range of offerings to our customers, while leveraging the strength and stability that comes with being part of a larger global organization.”

The transaction is expected to close by the end of June 2019. Upon closing, Kofax will continue to support TIS’ products and customers.

About Kofax

Kofax software enables organizations to Work Like Tomorrow™–today. Kofax’s Intelligent Automation software platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. We combine RPA, cognitive capture, process orchestration, mobility and engagement, and analytics to ease implementations and deliver dramatic results that mitigate compliance risk and increase competitiveness, growth and profitability. Kofax provides a rapid return on investment for over 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers its software and solutions through its direct sales and services organization and more than 650 indirect channel partners and integrators in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2019 Kofax, Inc. Kofax is a registered trademark of Kofax Limited.

Source: KOFAX

Media Contact:
Amanda Ingalls
+1 (949) 783-1595
amanda.ingalls@kofax.com

Kofax to Acquire Top Image Systems

Acquisition to Strengthen and Enhance Digital Capture and SaaS-based Capabilities for Kofax’s Intelligent Automation Platform

IRVINE, Calif., Feb. 04, 2019 (GLOBE NEWSWIRE) — Kofax®, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end business processes, today announced it has entered into a definitive agreement to acquire Top Image Systems™ Ltd. (NASDAQ:TISA) (TIS), a global innovator of on premise and cloud based applications that optimize content-driven business processes.

“TIS customers will enjoy single-vendor access to Kofax’s Intelligent Automation solutions which deliver increased efficiency, enabling the human and digital workforces of tomorrow,” said Reynolds C. Bish, Chief Executive Officer of Kofax. “Leveraging TIS’ SaaS expertise will assist us as we further advance the secure cloud capabilities of our end-to-end Intelligent Automation platform.”

TIS’ on-premise and cloud-based applications automatically capture, process and deliver content across enterprise applications, transforming information entering an organization into useful and accessible electronic data and delivering it, with minimal manual handling, to the relevant business system or person.

“We’re excited by the opportunity to join forces with Kofax,” said Brendan F. Reidy, Chief Executive Officer of TIS. “Together we’ll be able to provide a broader and deeper range of offerings to our customers, while leveraging the strength and stability that comes with being part of a larger global organization.”

The transaction is expected to close by the end of June 2019. Upon closing, Kofax will continue to support TIS’ products and customers.

About Kofax

Kofax software enables organizations to Work Like Tomorrow™–today. Kofax’s Intelligent Automation software platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. We combine RPA, cognitive capture, process orchestration, mobility and engagement, and analytics to ease implementations and deliver dramatic results that mitigate compliance risk and increase competitiveness, growth and profitability. Kofax provides a rapid return on investment for over 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers its software and solutions through its direct sales and services organization and more than 650 indirect channel partners and integrators in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

© 2019 Kofax, Inc. Kofax is a registered trademark of Kofax Limited.

Source: KOFAX

Media Contact:
Amanda Ingalls
+1 (949) 783-1595
amanda.ingalls@kofax.com

A Giant Leap in Emotional Intelligence: the +|- Code

BASEL, Switzerland, Feb. 04, 2019 (GLOBE NEWSWIRE) — A team of Professors, Psychologists, Doctors and Therapists from many countries have launched The Plus Minus Code Program, an advanced online platform for children, teenagers and university students who seek to develop their Emotional Intelligence (EQ). This game-based online program has been designed to help develop discernment, perceive beyond the façade, and foster people’s ability to decode fake news, facial micro-expressions, attitudes and emotions. Professor Francis Lavergne explains: “Our brain is like a computer and records information like the binary code of a computer system, excepts the brain has amazing quantum abilities through emotions. Emotions can distort our vision and understanding if they are not processed and understood well in our brain. We encounter so many problems in our society with the Internet, where new generations can be easily manipulated by all kinds of information. Humanity, and especially the youth, need to learn how to apply deeper discernment in life. Our team has been working for many years to create this unique program that explains through the evaluation of images the pluses, minuses and tendencies (meaning a mixture of both) in our daily life.”

Emotional intelligence (EQ) has become an important field of education because it provides a multidimensional approach to better understanding one’s environment. The Plus Minus Code program is unique in that it reveals the positive and the negative aspects of life in general. Therefore, using the code increases our awareness of the subtleties of relationships and situations, while developing global vision. Having global vision is the key to positive leadership and decision making it allows us to build a successful life with consciousness.

Developed by the non-profit Source Code Technology (SCT) Foundation, The Plus Minus Code was first presented in multiple schools and countries, and is now available online internationally on home computers, smartphones, or tablets. EQ tests are available as part of The +|- Code Program for individuals and families to start discovering more about emotional intelligence.

More info: www.plusminuscode.com

Media page link: www.plusminuscode.com/en/media

Contact: Alexis Mercier

Email: media@plusminuscode.com

Ramasamy calls for end to spreading of fake news over organisations

GEORGE TOWN, Penang Deputy Chief Minister II Dr P. Ramasamy has called for an immediate stop to the circulation of fake news that a businessman is the source of contention between two Indian organisations in the state.

He said the businessman, Datuk Dr K. Palaniappan, and his son, P. Krishnan, did not have anything to do with the Penang Hindu Endowment Board (PHEB), which was said to be in conflict with the Natukottai Chettiar organisation.

Don’t smear the family of Datuk Palaniappan. He had nothing to do with that (clash between the two organisations). Don’t drag also the Penang Hindu Endowment Board into this issue, Ramasamy told a press conference at his office today.

Source: BERNAMA (News Agency)

More Work, Business Openings

KUCHING: Sarawak is going strong as it has been aggressive in implementing development projects this year and for many more years to generate more work and business opportunities for contractors, consultants, traders and retailers across the state.

In fact, Sarawak’s public expenditure for infrastructure development is at a record high this year and the few years ahead, Chief Minister Datuk Patinggi Abang Johari Tun Openg said.

We are not cutting down on projects but rather we are doing the reverse as we have the means to finance them (projects) by imposing the five per cent (sales) tax on oil and gas.

The expanding economy means there will be more work for our contractors and consultants, more businesses for our traders, right down to small retailers in our towns all over the state, he said in his Lunar New Year 2019 message yesterday.

Abang Johari expressed confidence that Sarawak’s economy will grow at an encouraging rate for many more years to come given the state’s policy being geared towards growth and expansion.

He said the state’s economy is estimated to grow at five per cent this year compared to 4.6 per cent last year despite the economic challenges at the national and global level.

In Sarawak, he said the state government is spending within its means based on the revenue it expects to collect.

We are not even using the state’s reserves. Rest assured that our economy is a well-managed economy and we have been prudent in our spending.

And for this reason we have a substantial amount of reserves, receiving a ‘Clean Bill of Health’ from the Auditor-General for many years already, he pointed out.

Abang Johari said investors from China and South Korea ‘keep coming in support of our industrialisation programme particularly at Samalaju Industrial Park and Sama Jaya High Tech Park’.

He believed that this is because ‘they know that we are politically stable, our policies are consistent and well-defined while our renewable energy capability is enormous’.

To date, Sarawak Corridor of Renewable Energy (SCORE) has recorded about RM80 billion worth of both public and private investments, he disclosed.

Through the SCORE Development Plan, the state is forecast to generate about RM334 billion in terms of investments. When the SCORE Development Plan is fully realised by 2030, it is expected to create 1.6 million new job opportunities especially for young Sarawakians.

He said the success of the Sama Jaya High Tech Park is also encouraging with total investments by companies exceeding RM12 billion.

He added that more foreign companies have indicated their readiness to invest at the park.

Our economic transformation programme on other fronts, such as agriculture, will create more opportunities for Sarawak to develop new products and find new markets for the products.

The potential of our agriculture is enormous and we must capitalise on this in order to become a net exporter of food. Quality durians, pineapples and rambutans are some of our products that can fetch good market overseas, asserted the Chief Minister.

Abang Johari said Sarawak must not lose sight of its struggle to regain its lost rights within the context of the Federal Constitution and Malaysia Agreement 1963 amidst its quest to strengthen its economy.

This is the wish of all Sarawakians, which must be respected as discontentment among the people of Sarawak is not healthy for the well-being of the nation. Sarawakians must be united in this struggle regardless of our political stance. The spirit of ‘Sarawak First’ must not be mellowed down just because of our political affiliation with others who are treating Sarawak ‘like a stepson’.

It is not an easy road ahead for us and that is why Sarawakians must speak and act with one voice, he added.

In Sarawak, he said people are free to practise their culture and profess their beliefs, and Sarawakians resist elements and ideologies that are against the spirit of unity and brotherhood.

He was delighted to note that Sarawakians celebrate their diversity and find common ground in their differences.

He also took pride to declare that ‘Sarawak has been a place where people can understand and respect one another and be able to live in a society where unity is of utmost importance to our common good and overall well-being’.

Of late, the spirit of our brotherhood and social cohesion has been somewhat challenged in the face of onslaught of new and vicious politicking culture from outside Sarawak.

Knowingly or unknowingly, we began to cast doubt and aspersion upon each other, which if left unchecked, would sow the seed of distrust among us.

I pray the day would never come that a serious division among us would justify others to come and take control of us, he said.

Abang Johari took the opportunity to wish all Chinese in Sarawak a happy Lunar New Year.

In Chinese tradition, it’s a time to honour the deities and ancestors, and a time to bring the family together and is a celebration of luck and good fortune for the coming year.

May the New Year bring prosperity, unity and good health to all of us in our beloved Land of the Hornbills. Gong Xi Fa Cai, he added.

Source: Sarawak Government

CNY price control: 108 offences recorded nationwide as of yesterday

SHAH ALAM, Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) recorded a total of 108 offences nationwide as of yesterday since the implementation of the Chinese New Year 2019 Festive Season Price Control Scheme (SKHMP) on Jan 30.

Its Enforcement Division director Datuk Iskandar Halim Sulaiman said of the total, 69 cases involved the failure to display the pink price tag while 39 offences for failing to put the price tag on goods.

He said the offences involved 106 retailers and two wholesalers, with goods valued at RM12,977.10 were confiscated while compounds amounting to RM12,700 were issued to the affected traders.

Source: BERNAMA (News Agency)

Heritage house is venue of grand dinner

GEORGE TOWN, Feb 4 (Bernama) � It has become the norm on the eve of the Chinese New Year when all the members of the families in the Chinese community gather for a grand dinner.

Just like the other families, the descendants of the Chew family at Chew Jetty, Weld Quay here made their 60-year-old house, which was inherited from their late mother, located at the Unesco world heritage site, as a compulsory location for all family members to gather for a grand dinner each year.

The youngest of four siblings, Chan Hua Hin, 49, said it was customary for all family members to gather at his late mother’s home to dine together on new year’s eve each year and once again gathered the next day to celebrate the Chinese New Year.

Source: BERNAMA (News Agency)