Lexmark to acquire Perceptive Software for $280 million

Printing and imaging products maker Lexmark International, Inctoday said that it had enterd into a deal to acquire enterprise content management (ECM) software provider Perceptive Software in an all-cash deal valued at approximately $280 million.

The acquisition of Perceptive Software is subject to customary closing conditions and receipt of clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

Perceptive Software is a leading provider of ECM software and solutions, with significant industry experience in the higher education, healthcare and government segments.

Perceptive Software is one of the fastest growing ECM providers in the market, and its ImageNow software platform enables a broad range of industry-specific and cross-industry workflow solutions. A key strength and differentiator of its ECM software platform is the ability to be quickly and easily configured, and integrated with a large number of ERP, CRM and line-of-business applications.

"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."

Perceptive Software is headquartered in Shawnee, Kan., and generated about $84 million in fiscal year 2009 sales, principally in the US.