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Kofax CEO Reynolds C. Bish Earns “Director of the Year” Award from the Corporate Directors Forum

By Amarendra Bhushan for CEOWORLD Magazine Updated:October 14, 2008 Become a writer!

Kofax plc (LSE: KFX), the leading provider of Intelligent Capture & Exchange solutions, today announced that CEO Reynolds C. Bish has been named “Director of the Year for Companies in Transition” by the Corporate Directors Forum, an organization that promotes excellence in corporate governance. The award recognizes a director who has significantly contributed to taking a company through major changes such as its start-up, a merger, an acquisition, the sale of the company, executive management changes or other events.

Bish earned the honor for his service on the board of directors at Iomega Corporation (NYSE: IOM), a leading developer of storage and network security products. A director and member of the audit committee, he was recognized for his leadership and contributions during the company’s recent negotiations with and subsequent sale to EMC Corporation.

“Reynolds is a dynamic leader who is driven to maximize shareholder value,” said Linda Sweeney, Executive Director of the Corporate Directors Forum. “He is consistently one to ask questions and think independently about how to make a company or its performance better. When it comes to organizational change, Reynolds not only demonstrates poise and determination, but also the ability to successfully navigate through difficult challenges time and again. This honor is certainly well-deserved.”

Bish served on the board of Iomega from 2006 through the closing of its sale to EMC in June 2008. He is also a member of the board of directors and chairman of the audit committee of I-many Inc. (NASDAQ: IMAN), a leading provider of contract management software.

“I’m honored to receive this prestigious award,” Bish said. “I have a passion for helping companies to improve their performance while keeping a clear focus on shareholder value. I was fortunate to be able contribute in this manner on Iomega’s board.”

About Kofax
Kofax plc (LSE: KFX) is the leading provider of Intelligent Capture & Exchange solutions. For more than 20 years, Kofax has provided award-winning solutions that automate document-driven business processes by managing the transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a verifiable return on investment to thousands of customers in financial services, manufacturing, retail, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1,200 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com.

About Corporate Directors Forum
The Corporate Directors Forum (CDF) was founded in 1991. Its purpose is to help directors be better directors through education and peer networking. CDF’s core beliefs are that boards are strategic assets of corporations, education makes better directors, better directors make better boards and better boards make better corporations.

Reynolds Bish

Reynolds C. Bish (55), a US Citizen, was appointed as Chief Executive Officer and a Director in November 2007. Reynolds has been active in enterprise software markets for more than 20 years. In 1989, he co-founded Captiva Software Corporation, which became a leading provider of input management solutions and a NASDAQ listed company (CPTV). He served as Captiva’s President and CEO until its acquisition by EMC Corporation in December 2005. He then served as Vice President of EMC’s Enterprise Software Group until June 2006 when he resigned to take a sabbatical. Prior to Captiva, Reynolds was President and CEO of Unibase Systems, Inc., the first company to provide data entry systems on industry standard, open platforms.

He has served on the Board of Directors of many industry organisations such as the AeA, AIIM and TAWPI and in 2003 was named Ernst & Young’s Software Entrepreneur of the Year for the San Diego area. Reynolds also holds the following Board directorships: Director and member of the Audit Committee of Iomega Corporation (NYSE: IOM), a leading provider of portable data storage products, since May 2006 and Director and Chairman of the Audit Committee of I-Many, Inc. (NASDAQ: IMAN), a leading provider of contract management software, since February 2006. He holds a Bachelor of Science in Business Administration from the Pennsylvania State University. He was appointed to the main Board on 5 November 2007.