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ReadSoft's Overview

Total employees550
HeadquartersHelsingborg
Founded1991

ReadSoft was a leading global provider of software solutions for document process automation, particularly known for its expertise in invoice processing, accounts payable (AP) automation, and document capture. Founded in 1991 in Sweden, ReadSoft enabled organizations to streamline document-heavy processes, reduce manual work, and improve efficiency. In 2014, ReadSoft was acquired by Kofax. Kofax itself was subsequently acquired and in May 2024, Kofax rebranded to Tungsten Automation. ReadSoft's technologies and product lines, such as ReadSoft Online and ReadSoft Invoices, continue to be key components of Tungsten Automation's intelligent automation platform, helping businesses automate financial processes and manage information more effectively.

Where is ReadSoft's Headquarters?

HQ Function

Historically, this location served as the central hub for ReadSoft's global operations, including research and development, product management, corporate strategy, and administration prior to its acquisition.

Notable Features:

The historical HQ was likely a modern office facility typical for a technology company, designed to foster innovation and collaboration among its employees.

Work Culture:

As a Swedish tech company, ReadSoft likely had a work culture emphasizing innovation, flat hierarchies, work-life balance, and collaborative teamwork, common in Scandinavian business environments.

HQ Significance:

The Helsingborg headquarters was significant as the birthplace of ReadSoft's pioneering document automation technologies and the command center for its international expansion, establishing it as a market leader.

Values Reflected in HQ: The headquarters likely reflected values such as innovation, technological excellence, customer focus, and global ambition, which were core to ReadSoft's business.

Location:

Historically, ReadSoft had a robust global presence with numerous offices and a wide network of partners across Europe, North America, South America, Asia, and Australia. This network supported sales, implementation, and customer service for its specialized document automation solutions. Since its acquisition by Kofax and the subsequent rebranding to Tungsten Automation, ReadSoft's technology and expertise have been integrated into Tungsten Automation's broader global intelligent automation platform, which supports functions like intelligent document processing, AP automation, and process orchestration worldwide.

Street Address:

Södra Kyrkogatan 4 (Historical)

City:

Helsingborg

State/Province:

Skåne County

Country:

Sweden

ReadSoft's Global Presence

Frankfurt, Germany

Address: Historically, ReadSoft had a significant presence in Germany; specific past addresses may vary.

To cater to the strong manufacturing, automotive, and financial services sectors in Germany and neighboring countries, providing localized solutions and support.

Sydney, Australia

Address: Historical office location in the APAC region; specific past addresses may vary.

To expand ReadSoft's market share in Australia and the broader APAC region, addressing demand for process automation in diverse industries.

Plano, Texas, USA

Address: Historical office location in North America; specific past addresses may vary.

To penetrate the large North American market, focusing on enterprise clients looking to automate their financial and document-intensive processes.

Buying Intent Signals for ReadSoft

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of ReadSoft

As of April 2025, ReadSoft' leadership includes:

Reynolds C. Bish - Chief Executive Officer
Chris Strammiello - Chief Marketing Officer
Kevin McKay - Chief Financial Officer
Adam Field - Chief Product Officer

Investors of ReadSoft

ReadSoft has been backed by several prominent investors over the years, including:

Clearlake Capital Group, L.P.
TA Associates

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

The most significant recent development is the rebranding of Kofax to Tungsten Automation in May 2024. The existing executive leadership team largely transitioned with the rebrand, ensuring continuity. Any other executive movements would be typical for a large global technology company.

Technology (Tech Stack) used by ReadSoft

Discover the tools ReadSoft uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

ReadSoft Email Formats and Examples

As ReadSoft's technologies are now part of Tungsten Automation, email communications would follow Tungsten Automation's corporate email format. Common formats for technology companies like Tungsten Automation typically involve a combination of the employee's first and last name.

[first].[last]@tungstenautomation.com or [f][last]@tungstenautomation.com

Format

jane.doe@tungstenautomation.com

Example

90%

Success rate

News and media

Tungsten Automation Press ReleaseMay 7, 2024

Tungsten Automation news title: Kofax Rebrands as Tungsten Automation™ to Define the Future of Intelligent Automation with Unparalleled AI-Powered and Human-Validated Solutions

Kofax announced its rebrand to Tungsten Automation, marking a new chapter for the company. The change underscores its commitment to providing AI-powered workflow automation solutions and reflects its evolution into a leading global intelligent automation provider. ReadSoft's legacy technologies are a core part of this offering....more

Kofax Press Release (Historical)September 12, 2014

ReadSoft news title: Kofax Completes Acquisition of ReadSoft

Kofax Limited, a then leading provider of smart process applications, announced the completion of its acquisition of ReadSoft. This strategic move was aimed at strengthening Kofax's position in the financial process automation and document capture markets by integrating ReadSoft's advanced technologies and customer base....more

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