This enables Lexmark to immediately participate in the growing market of ECM software solutions, which helps businesses manage the lifecycle of their documents and content.
The acquisition also provides additional, growing revenue streams in software maintenance and professional services that are not paper usage dependent.
Perceptive Software has industry experience in the higher education, healthcare and government segments. Its ImageNow software platform enables a broad range of industry-specific and cross-industry workflow solutions.
In 2009, the Kansas-headquartered company generated about $84 million in fiscal year 2009 sales, principally in the US.
Lexmark Chairman and CEO Paul Curlander said: “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.
“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.
Scott Coons, Perceptive Software President and CEO, added: “We believe that the combination of our two companies will drive significant growth in Perceptive Software’s software business. We look forward to accelerating our growth within Lexmark, benefiting from Lexmark’s global footprint and broad reach with enterprise customers.”