Lexmark International Inc has agreed to purchase enterprise content management (ECM) vendor Perceptive Software.
The US$280-million deal will see Perceptive operate as a stand-alone business within Lexmark.
It gives Lexmark immediate access to the growing ECM software market, as well as software maintenance and professional services not dependent on paper usage.
“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,” explains Paul Curlander, Lexmark’s chairman and CEO.
Scott Coons, Perceptive’s president and CEO, says the deal will “drive significant growth” for the software company by giving it a global footprint and a broad reach among enterprise customers.
The deal is expected to close later in the second quarter of 2010. At that point, Coons will become a Lexmark vice-president while maintaining his roles running Perceptive.