Clearlake Capital and TA Associates have bought Kofax, a supplier of intelligent automation software, from Thoma Bravo.

Kofax provides software for enterprises to achieve digital transformation through document intelligence.

“Market demand for digital transformation continues to accelerate as enterprises desire to create additional competitive advantage and bolder differentiation from their competitors,” says Reynolds C. Bish, CEO at Kofax. “Kofax has invested in its software and solutions to meet customers’ digital transformation needs as well as simplified cloud deployments and interoperability, expanded AI and machine learning, and enhanced user experiences to democratize automation for citizen developers.”

J.P. Morgan, Jefferies LLC, Arma Partners and Credit Suisse served as financial advisors to TA and Clearlake. J.P. Morgan also led financing, with Credit Suisse, UBS, Jefferies LLC, Blackstone, PSP Partners, Security Benefit and Brinley acting as joint arrangers. Kirkland & Ellis and Sidley Austin provided legal counsel to TA and Clearlake.