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Mitek One Billion Potential Users By 2014 And 33% Of The Float Short
I agree that companies like Mitek will ride the significant growth expected in the mobile capture industry, despite a few wobbles. However with the entry of international players like Kofax and Top Image Systems, the competition in the industry is surely expected to rise.
Kofax is a far bigger player, while Top Image has proven delivery capabilities in European markets. In addition, I believe Top Image has a superior model with all services offered on a single platform.
Mitek may have an upper hand in Mobile check deposit market being the first entrant, however it still does not has much clients in Mobile cloud and Mobile photo bill products, which in fact have a higher ARPU than the deposit. This provides a tremendous opportunity for the new entrants to penetrate the markets.
Aug 3, 2012. 10:31 AM
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