Lexmark Acquires Perceptive Software

Lexmark International, Inc. and Perceptive Software have announced a definitive agreement for Lexmark to acquire Perceptive Software for approximately $280 million.

“Lexmark has been a leader in industry-focused, paper-based workflow solutions for more than 10 years,” said Paul J. Curlander, Lexmark’s chairman and chief executive officer. “The acquisition of Perceptive Software 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.”

“We believe that the combination of our two companies will drive significant growth in Perceptive Software’s software business,” said Scott Coons, President and Chief Executive Officer, Perceptive Software. “We look forward to accelerating our growth within Lexmark, benefiting from Lexmark’s global footprint and broad reach with enterprise customers.”

Upon closing, Perceptive Software will retain its current name and operate as a stand-alone software business within Lexmark. Coons will become a Lexmark Vice President and will continue as Perceptive Software’s President and Chief Executive Officer, reporting to Curlander.