The acquisition is expected to add to Lexmark’s 2011 adjusted earnings, the company said in a statement. Upon successful completion of the acquisition, Lexmark will nearly double the size of its enterprise software business to an approximately $700 million business competing in the expanding $10 billion content and process management software market. Lexmark Enterprise Software was rebranded to Kofax early 2017. The Lexmark Perceptive business was created by combining nine different businesses, which have been pieced together, with limited success, over the last five years. Acuo Technologies develops medical imaging document management software. In March 2013, Lexmark announced acquisitions of AccessVia and Twistage for a combined purchase price of approximately $31.5 million. The acquisition of Lexmark Perceptive in November 2016 by a Chinese investment consortium also resulted in many key personnel from the original business jumping ship to competitors. ... with its Perceptive Software business, and increase the company's software … Thoma Bravo Completes the Acquisition of Lexmark Enterprise Software Kofax and ReadSoft Go Forward Under the Kofax Brand as a Separate Portfolio Company; Perceptive Becomes Part of Hyland Irvine, CA, July 10, 2017 Acquisition of Perceptive Software, valued at US$280 million, will help strengthen the printing company in its document workflow and managed printing services, Lexmark exec says. Another significant move for the firm, however, was its exit from the inkjet business in 2012. Perceptive Content features dozens of modules that allow it to interact effectively with specific applications, processes or users. In comparison OpenText acquired EMC's ECD assets which included Documentum for $1.62B. As previously communicated, Hyland and Kofax are working closely to complete the process of demerging you from the Kofax Customer Portal. Perceptive Software was a software firm that developed enterprise content management (″Perceptive Content″, ″ImageNow″) and document output management applications. Thoma Bravo to Acquire Lexmark’s Enterprise Software Business Thoma Bravo, a leading private equity firm, today announced it has entered into a definitive agreement with Lexmark International Inc., a global imaging leader, to acquire Lexmark’s Enterprise Software business, which is made up of three primary businesses: Kofax, ReadSoft and Perceptive Software. Both Perceptive and Kofax have acquired early innovators in the BPM arena (notably Pallas Athena and Singularity, respectively). Acquisition by Thoma Bravo. On March 5th, 2012, Lexmark International announced the acquisition of Brainware for $148 million; the company will join a Lexmark subsidiary, Perceptive Software.Perceptive is a provider of enterprise content management and business process management solutions (including imaging and workflow solutions), the company was acquired by Lexmark in 2010. Through the acquisition of Perceptive Software, Lexmark adds a complementary software business that is aligned with its existing industry-focused value proposition. The Perceptive Software acquisition continued to play a material role in Lexmark’s recently concluded fourth quarter. Lexmark has subsequently brought its stake up to 42.9% of the shares, which is significantly higher than the 10.9% stake of a competing bidder, the Ohio based software … Lexmark Purchases Perceptive Software. With this acquisition, Perceptive Software will - Our acquisition of Perceptive Software truly changed Lexmark, helping to grow and position us as a leader in managing unstructured print and digital information,” said Paul Rooke, Lexmark chairman and chief executive officer. Thoma Bravo, a private equity and growth capital firm, secured the July 2017 acquisition of Lexmark’s Enterprise Software business which consists of three entities: Kofax, ReadSoft, and Perceptive Software. "The acquisition of Lexmark healthcare solutions." But for Perceptive, which became a standalone business unit of Lexmark following the acquisition, the exposure to the broader Lexmark channel is getting attention for its ECM software … 2010-2013: Acquisition of Perceptive Software and seven of its companies vastly expands Lexmark’s offerings into a suite of hardware, software and services that provide comprehensive content, process and output solutions. Perceptive Software was a software firm that developed enterprise content management ("Perceptive Content", ″ImageNow") and document output management applications. Acquired for approximately $54 million in cash, PACSGEAR will be folded into Lexmark subsidiary Perceptive Software. Thoma Bravo has agreed to acquire Lexmark International's enterprise software business, which includes Kofax, ReadSoft and Perceptive Software. PACSGEAR will report into the Perceptive Software division at Lexmark. Lexmark’s subsidiary Perceptive Software has been fairly timid compared Kofax’s much more aggressive go-to-market and M&A activity over the last year. July 10, 2017. Lexmark is the parent company of Perceptive Software, which is … A bidding war with Hyland Software U.K. drove up … He successfully led Perceptive Software from a small startup to one of Kansas City’s hottest companies and one of the industry’s leading enterprise content software providers. “Scott’s thoughtful and insightful leadership has been key throughout Lexmark’s Enterprise Software evolution. Founded in 1988, ISYS pioneered the development of Enterprise Search technology. To our new customers, I am excited to share that today we announced the completion of our acquisition of the Perceptive business unit of Lexmark International, Inc., including your Perceptive Content software … History. The name changed to Perceptive Vision in 1995, when the company's focus shifted to document management, imaging and workflow and its flagship product, ImageNow. The company became Perceptive Software in 2004 and was acquired by Lexmark International in 2010 for $280 million. Another significant move for the firm, however, was its exit from the inkjet business in 2012. When the rumors came out last year I looked at what could be meant by an acquisition of Lexmark Enterprise Software, now Kofax, by Thoma Bravo.It was a quick response to a rumor. Lexmark acquired Perceptive Software to build upon its software offerings. “Upon closing, Saperion will be the latest software acquisition that strengthens Lexmark’s transition from being a global leader in imaging and output technology to one that offers enterprises end-to-end solutions.” Herbert Lorch, CEO of Saperion, added of the deal: “Collaboration with Perceptive will open new markets for Saperion. Brainware’s flagship solution ‘Brainware Distiller’ has gained traction as an intelligent data capture platform and has been installed by many Global 2000 companies (list of leading public companies selected by Forbes magazine). He successfully led Perceptive Software from a small startup to one of Kansas City's hottest companies and one of the industry's leading enterprise content software providers. 2010-2013: Acquisition of Perceptive Software and seven of its companies vastly expands Lexmark’s offerings into a suite of hardware, software and services that provide comprehensive content, process and output solutions. When completed, the acquisition will double the size of Lexmark's enterprise software business. Lexmark International, Inc. (NYSE: LXK) and Perceptive Software (www.perceptivesoftware.com) today announced a definitive agreement for Lexmark to acquire Perceptive Software in a cash transaction valued at approximately $280 million. Perceptive Content features dozens of modules that allow it to interact effectively with specific applications, processes or users. •Lexmark's higher value solutions portfolio revenue, comprised of Managed Print Services (MPS) and Perceptive Software, is expected to exceed $1 billion in 2014. In May 2010, Lexmark acquired Perceptive Software for $280 million to build upon its software offerings. The deal to buy Perceptive Software and bring a key competitor under the same roof after more than two decades of battling for business is a game changer for Hyland. Perceptive Software will be positioned to offer a vendor-neutral clinical content platform for capturing, managing, accessing and sharing patient imaging October 7, 2013 — Lexmark International Inc. announced the acquisition of Pacsgear. As Perceptive’s CEO, he oversaw the company’s rapid and sustained organic growth, which led to its acquisition by Lexmark International in 2010. Over the years, Lexmark has acquired several health care technology companies including Acuo, PACSGEAR and GNAX, thereby expanding Perceptive Software’s … Letter to Perceptive Content customers from Hyland president and CEO, Bill Priemer. CMSWire reported on … In 2010, Lexmark acquired Perceptive in $280 million deal; followed by BDGB Enterprises in 2012, which gave it the data capture software company Brainware, for $148 million. A total of 3 acquisitions came from private equity firms.It has also divested 3 assets.. Lexmark International’s largest acquisition to date was in 2015, when it acquired Kofax for $1.0B.Lexmark International has acquired in 5 different US states, and 4 countries. Lexmark’s Perceptive business has been acquired by Hyland Software, Inc., a Thoma Bravo portfolio company since 2007 led by president and CEO Bill Priemer, and a leading provider of enterprise information software. Perceptive Software is now Lexmark Enterprise Software Gartner recently updated their Magic Quadrant for Enterprise Content Management (ECM) and once again placed Lexmark (Perceptive Software) in the leader's quadrant. Officials say the acquisition will enable Perceptive to offer a vendor-neutral, standards-based clinical content platform for sharing patient imaging information within and between healthcare facilities. CMS Wire reached out for a quote for the article and I said, “All this [deal] will do is leave the combined companies with two ECM platforms and three scanning platforms … In May 2010, Lexmark acquired Perceptive Software for $280 million to build upon its software offerings. Creating Customers For Life. Lexmark paid a … The acquisition will expand Lexington, Ky.-based Lexmark's market by adding enterprise content management services, and will give Perceptive Software growth opportunities through Lexmark… Kofax provides smart process applications software and related maintenance and professional … The enterprise solutions company will join Lexmark-owned Perceptive Software on completion of the acquisition. This acquisition enables Lexmark to immediately participate in the adjacent, growing market segment of ECM software solutions. Lexmark International, Inc. (NYSE: LXK) today announced the acquisition of Acuo Technologies, LLC, a recognized leader in high performance software and services for clinical content management, data migration and vendor neutral archives (VNA), for a cash purchase price of approximately $45 million. Printing technology company Lexmark to make largest-ever acquisition with $1 billion deal for Kofax. Lexmark International has acquired 12 companies of its own. The acquisition of Lexmark Perceptive in November 2016 by a Chinese investment consortium also resulted in many key personnel from the original business jumping ship to competitors. Perceptive Software is one of the top 10 providers of ECM software technology in the world. He successfully led Perceptive Software from a small startup to one of Kansas City’s hottest companies and one of the industry’s leading enterprise content software providers. July 21, 2017 . Kofax and Perceptive will constitute a Lexmark Enterprise Software unit, but specific organizational details have not been announced. In May 2017, Lexmark entered into a definitive agreement to sell the Perceptive business unit to Hyland Software. But it seems the rumors are flying again. synopsis: Lexmark International, Inc. and Perceptive Software announced a definitive agreement for Lexmark to acquire Perceptive Software. Lexmark’s software segment is roughly doubling in size, to $700 million in revenues, through its acquisition of California-based Kofax Ltd. Total revenues at Lexmark … LEXINGTON, Ky.— Printer and copier maker Lexmark International Inc. said Friday it agreed to buy business software company Perceptive Software for about $280 million in cash. The company became Perceptive Software in 2004 and was acquired by Lexmark International in 2010 for $280 million. Our acquisition of Perceptive Software truly changed Lexmark, helping to grow and position us as a leader in managing unstructured print and digital information," said Paul Rooke, Lexmark chairman and chief executive officer. Lexmark paid a cash purchase price of approximately $54 million. Lexmark made a similar acquisition in October 2011. Updated May 21, 2015, 2:22pm CDT As Lexmark International Inc. wrapped up its $1 billion acquisition of Kofax Ltd., the unit formerly known as Perceptive Software discovered it … The closing of the […] The newly acquired firm will be integrated into Lexmark’s Perceptive Software unit, which Lexmark purchased in mid-2010 and has since incorporated a number of other firms into as the company focuses more on its computer software and services as a way of dealing with the financial struggles faced by many OEMs. While the company saw its revenue decline on account of lackluster demand for its legacy consumer products, this was mostly evident in the 5.0% revenue decline in the Imaging Solutions segment. Westlake-based Hyland is expanding its global footprint again in the digital transformation global market. Lexmark International, Inc. (NYSE: LXK) today announced the acquisition of Luxembourg-based BDGB Enterprise, including its U.S. subsidiary Brainware, Inc., a Vista Equity Partners portfolio company, for a cash purchase price of approximately $148 million. Thoma Bravo, a leading private equity firm, today announced it has entered into a definitive agreement with Lexmark International Inc., a global imaging leader, to acquire Lexmark's Enterprise Software business, which is made up of three primary businesses: Kofax, ReadSoft and Perceptive Software. Brainware now joins Perceptive Software, a stand-alone business unit within Lexmark. Lexmark International purchased Pallas Athena in a cash transaction … Acuo Technologies will become a part of Perceptive Software, a Lexmark … According to Hyland, all enterprise software business assets in the Perceptive business unit, including Perceptive Content (formerly ImageNow), Perceptive … In 2011, Lexmark purchased the Netherlands-based Pallas Athena in a cash transaction valued at approximately $50.2 million. To our customers, Hyland recently announced the completion of our acquisition of the Perceptive business unit of Lexmark International, Inc., including your information management software solution. With this acquisition, Perceptive Software is now positioned to cater to the growing EMR market that witnessed 15% y-o-y growth in 2012, to clock in over $20 billion in revenues. 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