SNNLive with Reynolds Bish, CEO of Kofax plc.

Thank you, it's a pleasure to be here.

Well, I'll tell you that goes back to the original founding of the company over 20 years ago. The two young guys that started it were real baseball fans and they decided to name it after Sandy Kofax. I already like these guys. Okay, I already like them. Okay, let's get right into it.

Well, we develop and market software that allows organizations to manage all the communications and information that flow into their businesses into their enterprise applications and repositories in a very cost-effective manner that also allows them to be more responsive to their customers in order to better grow their businesses.

Well, a perfect example would be Raymond James, who uses our software to capture over 60 million customer-related documents every year from over 2,500 locations around the company. They receive those in both paper and electronic form. If it's in paper, we scan it to produce a digital image. If it's electronic, we take the content and extract all the business-critical information from those forms and documents. We then help them understand how to act on that correspondence and communication to respond to customers, whether to create a new account and recognize revenue as they trade, or to change an address, or handle other business interactions. At the end of the process, they export all that information into their enterprise applications and repositories for online storage and retrieval.

No, no, we're not a business process outsourcer. We provide software that enables these capabilities. About 15 percent of our revenues come from business process outsourcers who use our software to provide these benefits to their customers as a service.

Well, either we or the customer or a VAR or system integrator would use our software to apply it to solving their business problem, and then help them assume responsibility for it on a go-forward basis to operate, maintain, and extend usage over time for other applications.

Well, certainly the increased regulatory environment over the last number of years has improved our business and created a lot of opportunity for us. Because everything in digital form is much more routable, trackable, and retrievable. So we can also improve organizations' compliance efforts as a byproduct.

Well, we get about 15 percent of our revenues out of each of six vertical markets: banking, insurance, government, health care, supply chain (manufacturing, wholesale, retail, and logistics), and business process outsourcers. All of which tend to be very highly regulated.

Well, there's a lot of things we're doing. The most recent is Kofax Mobile Capture, which extends our capture capabilities to smartphones and tablet computers and pushes the capture process to the point of origination where customer-facing interactions occur. That removes a lot of latency in responding to customers and conducting business. It's a great new product that will create a lot of opportunity for us going forward.

Sorry, that's all right. It's www.kofax.com.

Is that right? I wasn't aware. As I told you earlier, I'm not a real baseball fan, but I know you are. Brooklyn, I grew up with the guy, you know what I mean?

Thank you very much. I enjoyed it. Say hello to the boys for me.