Real Dynamics meets aggressive schedule for ERP carve-out to support acquisition of Kofax, Inc. to venture firm Thoma Bravo

Real Dynamics, an independent advisory and consulting firm specializing in strategic deployments of  Microsoft Dynamics AX and 365, has completed the deployment of a Dynamics AX based solution to ensure the success of the complex acquisition of Kofax Inc. by venture firm Thoma Bravo.

The previous owner's need to carve out its software business, Kofax Inc., required that both parties vet out the customers, contracts, and product lines belonging to the software business that were comingled with the hardware business in existing legal entities.  These existing legal entities would remain with the hardware business.  

Kofax selected Real Dynamics because of its seasoned M&A experience and accompanying project methodology. Real Dynamics executed on a project plan to configure new and existing legal entities for Kofax Inc., develop business rules for the ERP carve-out, and perform the complex data migration operation. Key business stakeholders were strategically engaged throughout the project, especially during definition of business rules and validation of the migration process. 

George Bock, Sr. Director, IT Business Applications, Kofax, Inc., said of the project:

We needed a small and effective team with M&A expertise to execute on this mission-critical project. The Real Dynamics team demonstrated ample experience in helping customers with acquisitions and carve-outs and was able to understand our unique needs for this migration. In addition, their extensive knowledge of the Microsoft Dynamics AX technology stack was key to our success. Their global presence was critical in ensuring 24x7 progression of tasks and timely responses on issues.

Key challenges of the project included:

  • An aggressive schedule: The carve-out of ERP had to be completed according to a schedule determined by the business transaction close date.
  • Close to 50 legal entities were involved in the deal - including KOFAX, Readsoft, and other businesses that carried out operations in the Americas, EMEA, and APAC using multiple currencies
  • Impact on critical reporting and integrations with other business systems in Kofax's ecosystem had to be considered and addressed.

John Cowley, Vice President, Finance, Kofax, Inc., said of Real Dynamics:

As part of our M&A project, we needed a team that could straddle the technical and business aspects equally well.  Real Dynamics was adept at understanding technical jargon and the language of the business to bridge the gap in pulling everyone on the project together.  They succeeded in understanding our complex business model, including our professional services business, to ensure we could continue to deliver on customer contracts, pay our vendors, and develop Financial, Operational, and Audit reporting, all critical  to continue running the business. IT systems were an essential part of this transaction and Real Dynamics was a true partner in helping us get to the finish line quickly.  

"It has been a pleasure working with the KOFAX team and being part of their journey," said Yogesh Kasat, principal at Real Dynamics. "At Real Dynamics, we have expertise in helping customers with acquisitions and carve-outs from, and to, the Dynamics AX platform. Our customers benefit from our investments in tools and processes best suited for mergers and acquisition projects, covering: project management, solution and functional architecture, data conversion and reporting tools using the Microsoft technology platform."

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About Kofax

Kofax is a leading provider of software to simplify and transform the First MileTM of business. By capturing information and automating information-intensive processes, Kofax helps improve customer engagement, greatly reduce operating costs and increase competitiveness and profitability for more than 20,000 customers in financial services, insurance, government, healthcare, supply chain and other markets. Kofax delivers its information capture, robotic process automation, financial process automation and customer onboarding solutions through its direct sales and service organization, and a global network of more than 1,000 authorized partners in more than 70 countries throughout the Americas, EMEA and Asia Pacific.

About Real Dynamics

Real Dynamics is independent advisory and consulting firm that specializes in strategic deployments of Microsoft Dynamics AX and 365. Real Dynamics has successfully completed critical projects for customers undergoing Mergers and Acquisitions events, company splits, divestitures, global roll-out strategy, shared services, organization modeling, and enterprise business Intelligence & reporting initiatives. Real Dynamics has customers in financial services, professional services, distribution, insurance and high tech industries.

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