As a relatively young company, Lexmark was able to get a firm foothold in the printer technology market through aggressive and strategic acquisitions. Here are some of the notable acquisitions Lexmark has made through its history:
In May 2010, Lexmark acquired Perceptive Software, a software firm that developed enterprise content management and document output management applications, for $280 million to build upon its software offerings.
Lexmark International bought Dutch-based Pallas Athena for $50.2 million in cash in 2011, adding business process management, document output management and process mining software capabilities to Lexmark's services.
In March 2012, Lexmark announced it had acquired BDGB Enterprise, an electronic document capture platform developed by Brainware, for a cash price of $150 million.
Also in March 2012, Lexmark acquired Australian search solutions provider ISYS Search Software and U.S.-based software developer Nolij Corporation for $32 million. ISYS provided enterprise search solutions and Nolij developed document imaging and workflow solutions.
In January 2013, Lexmark acquired Minnesota-based Acuo Technologies for $45 million. Acuo Technologies developed 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.
In late August 2013, Lexmark agreed to acquire Germany-based Saperion AG, a developer of software that manages enterprise content and business processes. The purchase price for Saperion AG was $72 million.
PACSGEAR was acquired by Lexmark in early October 2013 for approximately $54 million. The company provided connectivity solutions for medical image management and electronic health records.
In September 2014, Lexmark acquired ReadSoft, a financial automation solutions company based in Stockholm, Sweden, for $251 million. ReadSoft produced software solutions for document process automation on-premises or in the cloud.
Lexmark acquired Kofax in mid-2015 for roughly $1 billion. Based in Irvine, California, Kofax provided smart process applications that combined capture, process management, analytics, and mobile capabilities for organizations. It wasn't long however until this line of the business was spun off from Lexmark when the company was acquired by Apex Technology in November 2016.