Kofax, a maker of imaging and business process management software, is acquiring Softpro, a provider of fraud prevention and electronic signature software based in Boeblingen, Germany, for $34.7 million in cash.

Kofax paid $31.2 million at the closing of the transaction on September 1 and will pay the remaining in batches: $1.1 million 90 days after closing, $1.2 million one year from closing and $1.2 million two years from closing, according to a press release. The merger is expected to be completed by the end of 2014.

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