This Week in Imaging: Lexmark Saga Continues with Hyland Acquisition; Sharp, Ricoh, Epson Financials
The saga at Lexmark International continued this week with news that Thoma Bravo, a private-equity firm, announced a definitive agreement to acquire Lexmark International’s software business (reportedly for $1.5 billion according to unnamed sources).
Once, Thoma Bravo acquires the Lexmark software division, it will sell the Perceptive Software business to one of its own companies, to Hyland Software. It’ll then create a single newly independent Thoma Bravo company out of the merged Kofax and ReadSoft business that’ll be led by Reynolds C. Bish, current president of Lexmark Enterprise Software. Ironically, perhaps, Hyland won’t be getting ReadSoft, which it had tried to outbid Lexmark for back in 2014.
Lexmark itself was purchased by Apex Technology and PAG Asia Capital last year for some $3.6 billion. It seemed unlikely at that time that Apex would be greatly interested in Lexmark’s advanced software solutions, as it’s always been more focused on printer hardware and consumables – stating last December, for instance, that it believes Lexmark will help it create “a global printer empire.” Hyland with its OnBase ECM solution for document capture, processing, distributing, and managing documents, instead seems a much better fit.
- Sales Down for Sharp’s Year, but Improvement in Operating Income, Second Half – Read more here.
- Bleak Fiscal Year for Ricoh, with Profits, Sales Sliding – Read more here.
- Slow Fiscal Year for Epson but ‘Solid Demand’ for High-Capacity Inkjets – Read more here.
- Private-Equity Firm, Hyland Software to Acquire Lexmark’s Software Business – Read more here.
- With ACM Connect, Printers and MFPs Automatically Order Toner – Read more here.
- PrintFleet’s New DCA Pulse Provides More Accurate Device Data, Support for Apple Mac – Read more here.
- TABS’ Resellers to Market FlashGrade Automated Grading Solution for Education – Read more here.
- Toshiba Launching New Embedded Platform, ‘Elevate,’ for Toshiba e-STUDIO MFPs – Read more here.
- HP Bringing it New A3 Portfolio to India, Signs on 30 Resellers – Read more here.
- U.S. Office and Production Print Volumes Declining Two Percent per Year – Read more here.
- HP Labs Experimenting with Making 3D-Printed ‘Wearables’ – Read more here.
- Konica Minolta Extends 3D-Printing Offerings for Education with Dremel 3D Printers, MyStemKits – Read more here.
Commercial- and Production-Printing News
- Fuji Xerox Enters Digital Label-Printing Market with Durst 330 Series – Read more here.
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