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an automated text classification and extraction developer in 2003. Kofax also partnered with ABBYY in 2003 to strengthen its OCR capabilities. Then, the UK-based DICOM Group purchased Kofax in 1999, in a USD 75 Mn cash deal, which was followed by the acquisition of Mohomine Inc., and DICOM Group were merged to form Kofax Inc.
BP is also credited with coining the term “RoboticProcessAutomation” in 2003, which eventually gave birth to the RPA space and saw the mushrooming of other players such as Automation Anywhere and UiPath (then DeskOver).
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