What the Ephesoft is Going On?

by Tim McMullin | August 18, 2022

It seems like just the other day, I was writing about Kofax being handed off from one private equity firm to another, like a couple of kids with trading cards. While it might not have been literally the other day, it wasn’t long ago.

And here we are, with Ephesoft being bought by the same private equity firm that recently bought Kofax.

I’d like to say I was shocked, but that’s not the case - we all knew something like this would happen.

That’s how private equity gets their money out of their investment. They have to sell the asset to realize the investment. It’s the goal of every founder in Silicon Valley — to build up a company and get bought out, making millions in the transaction.

And I say good for them. However...

Are You Tired of Struggling
with Your Document Capture System? 

Kofax webinar version 2 copy-1
Do you know what real automation can do for your company, but don't know where to start?  Check out our new video, where we show you why not upgrading your legacy capture system is costing you money.

But What Does This Mean for the Customer? Price Increases!

ephesoft softwareBut it doesn’t bode well for the poor customer. What’s to become of Ephesoft’s customers? Two things:

  1. The customer is left with technology that won’t be upgraded or maintained.
  2. A price increase is destined, for sure. How else is the new owner going to make a profit on their investment?

Also, many new document processing companies are popping up, making huge claims with AI and document processing. And all of them are getting some sort of venture capital funding.

That means an ownership change is in their future as well. It’s the only way for investors to get their money out. It’s just the way business works.

So, Are There Any Similar Solutions Not Beholden to Outside Investors?

This consolidation with names like Ephesoft and Kofax, and resulting lack of innovation, are why we built Grooper. We were tired of having to write hundreds and hundreds of lines of custom code to accomplish what our clients needed.

grooper-data-processing-logoGrooper is a BIS product — 100% developed, supported, and maintained out of our main office in Edmond, Oklahoma, just north of Oklahoma City.

BIS is debt-free and has no external investors. This means we can choose to follow the innovation our clients need instead of squeezing our existing customers. And we’re not beholden to outside investment.

We’re proud of what we’ve built. Maybe a little too proud sometimes, but we’ve accomplished something spectacular. In an industry where companies with less functionality are getting bought and sold for billions, we quietly keep plugging away at the hardest use cases and keep getting incredible results for our clients.

Get Our Free Grooper Software Price Guide

grooper-pricing-guide-2Intelligent document processing software pricing shouldn't be complicated. Get our Free Price Guide to discover how easy and economical Grooper is!


How to Solve Tough Document Data Problems

ephesoft-competitorsWe love to talk about data problems, and show you how we solve them. All it takes is:

  1. Some sample documents from you and
  2. A little time to let us show you how we would approach your specific problem - with your documents

Our customers see a drastic reduction in processing times — from months to days, from days to hours, from hours to minutes. Grooper has unlimited processing power, so we can get the data you need as fast as you need it.

Contact us today to find out how!

kofax acquisition


4 Steps to Achieving Wisdom You can Use at Work Today

4 Steps to Achieving Wisdom You can Use at Work Today

How to create an Information as a Second Language program. [Free Guide]

4 Steps to Achieving Wisdom You can Use at Work Today

4 Steps to Achieving Wisdom You can Use at Work Today

We are proud to announce that Grooper software, as well as all software products under the BIS brand, is 100% Made in the USA. Every line of code, every feature, and every update stems from our dedicated team working diligently at our Oklahoma City headquarters. Additionally, our support services are exclusively provided by local talent based in our Headquarters office, ensuring that you receive firsthand, quality assistance every time. Our unwavering commitment to local expertise emphasizes our dedication to top-tier quality and innovation. Thank you for your continued trust in our homegrown solutions.