LEXMARK TO BUY SOFTWARE MAKER FOR $ 280M. IN CASH

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LEXMARK TO BUY SOFTWARE MAKER FOR $ 280M. IN CASH

 user 2010-05-24 at 10:30:11 am Views: 50
  • #24045
    http://www.reuters.com/article/idUSTRE64K3NV20100521?type=globalMarketsNews
    LEXMARK TO BUY SOFTWARE MAKER FOR $
    280M .

    (Reuters) – Printer maker
    Lexmark International Inc said it agreed to buy privately-held
    Perceptive Software for about $280 million in cash.
    Perceptive, which
    generated revenue of $84 million in 2009, makes enterprise content
    management software that helps businesses manage their documents and
    content.The acquisition is expected to add to Lexmark’s 2011 adjusted
    earnings, the company said in a statement.Perceptive will retain its
    current name and operate as a stand-alone software business, Lexmark
    said.Perceptive’s CEO Scott Coons will continue in his current role and
    become a vice president at Lexmark.

    The transaction is expected
    to close in the second quarter of 2010.Shares of Lexmark were up 27
    cents at $35.12 in early morning trade on the New York Stock Exchange.