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 10:29:24 am Views: 101
  • #24287

    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.