This Week in Imaging: A Look at Lexmark’s Kofax Acquisition; Samsung’s Android-Based SDK Available; More
The big news this week was Lexmark International’s announcement that it will acquire Kofax for some $1 billion, its most expensive acquisition to date. Kofax markets a host of document-processing and capture solutions, as well as enterprise content management solutions, for industries such as finance and healthcare, including solutions that can be used to extract relevant data from everything from documents scanned with an MFP, to text messages. According to Lexmark, the acquistion will double its enterprise software business to $700 million.
It’s all part of Lexmark’s ongoing strategy to acquire companies, such as ReadSoft and Claron Technologies, that take it far beyond the printer company it once was when it was spun off of IBM in 1991. While other imaging vendors have broadened their offerings beyond the office with expansions into IT services, production printing, and even 3D printing, Lexmark has concentrated on broadening its offerings for making business processes faster and more efficient, particularly for vertical sectors such as banks and healthcare. With these solutions, the MFP hardware isn’t really the star anymore, it’s software, such as software for identifying and extracting key data from the document – such as information missing from a mortgage application, with the software alerting end users that the information is missing.
- Lexmark to Acquire Kofax for $1 Billion – Will Create ‘Broadest’ Portfolio of Document- and Data-Capture Solutions – Read more here.
- Samsung Releases Android-Based Smart UX SDK to Developers for Creating New MFP Functionality – Read more here.
- Xerox Suing Former Employees at Rival IT-Management Firm – Read more here.
- Sharp Says Global Workforce Layoffs Not Necessarily Planned – Read more here.
- Toshiba Signs on Atlanta Office-Equipment Dealer Document Strategies Read more here.
The Third Dimension