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Lexmark

Lexmark International, Inc. is a privately held American company[3] that manufactures laser printers and imaging products. The company is headquartered in Lexington, Kentucky. Since 2016 it has been jointly owned by a consortium of three multinational companies: Apex Technology, PAG Asia Capital, and Legend Capital.[4]

Company type

IBM Information Products Corporation

March 27, 1991 (March 27, 1991)

Worldwide

Phillip Cassou (Chairman)
Allen Waugerman (President & CEO)

Increase US$3.711 billion (2014)[1]

Decrease US$149.2 million (2014)[1]

Decrease US$79 million (2014)[1]

Increase US$3.633 billion (2014)[1]

Decrease US$1.281 billion (2014)[1]

9,000 (Jul 2018)[2]

Operations[edit]

The firm's corporate headquarters is located in Lexington and R&D offices are distributed globally with additional R&D facilities located in Boulder, Colorado, US; Lenexa, Kansas, US; Cebu, Philippines; Kolkata, West Bengal, India; Berlin, Germany; Stockholm, Sweden[17] and Irvine, California, US.[18] Lexmark has offices throughout North and South America, Asia, Africa and Europe. As of July 2018, the company had approximately 9,000 employees worldwide.[2]

In May 2010, Lexmark acquired for $280 million to build upon its software offerings.[19] Perceptive Software was a software firm that developed enterprise content management ("Perceptive Content", ″ImageNow") and document output management applications.

Perceptive Software

In 2011, Lexmark International purchased Netherlands-based Pallas Athena in a cash transaction valued at approximately $50.2 million. The purchase of Pallas Athena added business process management, document output management and process mining software capabilities to Lexmark's services.

[20]

In March 2012, Lexmark announced the acquisition of Luxembourg-based BDGB Enterprise, including its U.S. subsidiary , Inc., for a cash purchase price of approximately $148 million.[21] Brainware's intelligent data capture platform extracted critical information from paper and electronic documents, validated the extracted data and passed it to customers' data management systems, enterprise resource planning (ERP) and/or financial management systems.

Brainware

In March 2012, Lexmark acquired Australia-based and U.S.-based Nolij Corporation, both for $32 million.[22] ISYS built enterprise search solutions and Nolij developed Web-based document imaging and workflow software.

ISYS Search Software

In January 2013, Lexmark acquired Minnesota-based Acuo Technologies for $45 million. Acuo Technologies developed medical imaging document management software.

[23]

In March 2013, Lexmark announced acquisitions of AccessVia and Twistage for a combined purchase price of approximately $31.5 million.

[24]

In late August 2013, Lexmark signed an agreement to acquire Germany-based Saperion AG. Saperion was a developer and provider of enterprise content management and business process management (BPM) software in Europe. The company was purchased for $72 million.

[25]

In early October 2013, Lexmark acquired PACSGEAR, a provider of connectivity solutions for medical image management and electronic health records. The company was purchased for approximately $54 million.

[26]

In September 2014, Lexmark acquired Stockholm, Sweden-based for $251 million.[27] ReadSoft was a financial process automation solutions company that specialized in software solutions for document process automation on-premises or in the cloud.[28]

ReadSoft

In May 2015, Lexmark announced that it had acquired for roughly $1 billion.[29] Kofax, headquartered in Irvine, California, US was a provider of smart process applications. They combined capture, process management, analytics and mobile capabilities to organizations.[18] This line of business was, in turn, spun off from Lexmark when it was acquired by Apex Technology in November 2016.[14]

Kofax

In August 2012, Lexmark announced that it would stop production of its inkjet printer line.[31] In April 2013, Funai Electric Company, Ltd. announced that it had signed an agreement to acquire Lexmark's inkjet technology and assets for approximately $100 million (approximately ¥9.5 billion). Funai acquired more than 1,500 inkjet patents, Lexmark's inkjet-related research and development assets and tools, all outstanding shares and the manufacturing facility of Lexmark International (Philippines), Inc., and other inkjet-related technologies and assets.[32]

[30]

In 1996, Lexmark International was prepared to shut their Lexington keyboard factory where they produced Model M buckling-spring keyboards. IBM, their principal customer—and the Model M's original designer and patent holder—had decided to remove the Model M from its product line in favor of cheaper Asian-made rubber-dome keyboards. Rather than seeing its production come to an end, a group of former Lexmark and IBM employees purchased the factory and, in April 1996, reestablished the business as , making their own modernized versions of the Model M keyboard.

Unicomp

List of Lexmark products

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Official website

EFF: Lexmark v. Static Control Components Inc.