Lexmark is selling its enterprise software business, once the centerpiece of its business strategy, to private equity firm Thoma Bravo, the Lexington Herald-Leader and multiple media outlets reported.
The acquisition, announced Wednesday, effectively puts a stake in the aggressive diversification strategy that former CEO Paul Rooke thought would cushion the company in an uncertain printer market. After the company’s sale and Rooke’s departure, the company had said in 2016 that it was looking to shed the enterprise software business. More on Kentucky.com.
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