Home » Lexmark to Buy Kansas Software Company for $280 Million

Lexmark to Buy Kansas Software Company for $280 Million

By wmadministrator

Lexington-based Lexmark International has announced plans to acquire Perceptive Software for approximately $280 million.

Perceptive Software is a leading provider of enterprise content management (ECM) software and solutions and has significant industry experience in the higher education, healthcare and government segments.

Lexmark Chairman and CEO Paul J. Curlander said the acquisition of Perceptive “builds upon and strengthens our current industry workflow solutions, and broadens the portfolio of offerings to our current customers, including our managed print services customers.”

Perceptive Software is headquartered in Shawnee, Kan., and generated about $84 million in fiscal year 2009 sales, principally in the United States. The acquisition enables Lexmark to immediately participate in the growing market segment of ECM software solutions and also provides additional, growing revenue streams in software maintenance and professional services.

“This added software platform provides a core component of Lexmark’s strategy to deliver industry-focused document workflow solutions, software and services that lower our customers’ costs and significantly improve their productivity,” Curlander added.

Perceptive Software will retain its current name and will operate as a stand-alone software business within Lexmark.