Lexmark International, Inc. is an American company that
manufactures laser printers and imaging products. The company is
headquartered in Lexington, Kentucky.
4 Inkjet exit
5 Legal cases
6 See also
8 External links
Lexmark Headquarters, Lexington, KY
Lexmark was formed on March 27, 1991 when
IBM divested a number of its
hardware manufacturing operations, including printer and printer
supply operations, to the investment firm Clayton, Dubilier &
Rice, Inc. in a leveraged buyout.
Lexmark became a
publicly traded company on the
New York Stock Exchange
New York Stock Exchange on November 15,
It was reported in April 2016 that
Lexmark would be acquired by Apex
Technology and PAG Asia Capital for $3.6 billion USD.
Lexmark was set
to be acquired at $40.50 per share in the transaction. Initial
talks for the acquisition were begun at the
Remax World Expo
Remax World Expo in
2015. The deal was closed on November 29, 2016.
Lexmark stated that
its headquarters would remain in Lexington, and that its enterprise
software line of business would be spun off and "rebranded" to
Kofax. As part of the sale, The Perceptive Business Unit portion
of Lexmark's Enterprise Software Services division (e.g. their
Kofax branded document management products) was sold to the Thoma
Brava management group who agreed to in-turn sell the Perceptive
Business Unit to the Hyland Corporation (a Thoma Brava managed
Enterprise Content Management software company). The
applications remained as part of Lexmark, but other document
management systems like Perceptive Content and NolijWeb and products
like Intelligent Capture (formerly "Brainware") and Enterprise Search
(formerly "ISYS") were absorbed by Hyland.
The firm's corporate headquarters is located in Lexington and research
and development (R&D) offices are distributed globally with
additional R&D facilities located in Boulder, Colorado; Lenexa,
Kansas; Cebu, Philippines; Kolkata, West Bengal, India; Berlin,
Germany; Stockholm, Sweden and Irvine, California.
offices throughout North and South America, Asia, Africa and Europe.
The company has more than 12,000 employees worldwide.
In May 2010,
Perceptive Software for $280 million to
build upon its software offerings.
Perceptive Software was a
software firm that developed enterprise content management (ECM) and
document output management (DOM) applications.
Lexmark International purchased Netherlands-based Pallas
Athena in a cash transaction valued at approximately $50.2
million. The purchase of Pallas Athena added business process
management (BPM), document output management (DOM) and process mining
software capabilities to Lexmark's services.
In March 2012,
Lexmark announced the acquisition of Luxembourg-based
BDGB Enterprise, including its U.S. subsidiary Brainware, Inc., for a
cash purchase price of approximately $148 million. Brainware's
intelligent data capture platform extracted critical information from
paper and electronic documents, validated the extracted data and
passed it to customers' data management systems, enterprise resource
planning (ERP) and/or financial management systems.
In March 2012,
Lexmark acquired Australia-based ISYS Search Software
and U.S.-based Nolij Corporation, both for $32 million. ISYS built
enterprise search solutions and Nolij developed Web-based document
imaging and workflow software.
In January 2013,
Lexmark acquired Minnesota-based Acuo Technologies
for $45 million. Acuo Technologies developed medical imaging document
In March 2013,
Lexmark announced acquisitions of AccessVia and
Twistage for a combined purchase price of approximately $31.5
In late August 2013,
Lexmark signed an agreement to acquire
Germany-based Saperion AG. Saperion was a developer and provider of
enterprise content management (ECM) and business process management
(BPM) software in Europe. The company was purchased for $72
In early October 2013,
Lexmark acquired PACSGEAR. PACSGEAR was a
provider of connectivity solutions for medical image management and
electronic health records. The company was purchased for approximately
In September 2014,
Lexmark acquired Stockholm, Sweden-based ReadSoft
for $251 million.
ReadSoft was a financial process automation
solutions company that specialized in software solutions for document
process automation on-premises or in the cloud.
In May 2015,
Lexmark announced that it had acquired
Kofax for roughly
$1 billion. Kofax, headquartered in Irvine, California, was a
provider of smart process applications. They combined capture, process
management, analytics and mobile capabilities to organizations.
This line of business was, in turn, spun off from
Lexmark when it was
acquired by Apex Technology in November 2016.
In August 2012,
Lexmark announced that it would stop production of its
inkjet printer line.
Lexmark will continue to provide service,
support and aftermarket supplies for its inkjet installed base.
In April 2013,
Funai Electric Company, Ltd. announced that it had
signed an agreement to acquire Lexmark's inkjet technology and assets
for approximately $100 million (approximately ¥9.5 billion). Funai
acquired more than 1,500 inkjet patents, Lexmark's inkjet-related
research and development assets and tools, all outstanding shares and
the manufacturing facility of
Lexmark International (Philippines),
Inc., and other inkjet-related technologies and assets.
Lexmark pioneered the use of profits from ink cartridges as a business
model, with the result of modifying the legal models of product
ownership and patent exhaustion over several years.
A court victory in 2005 was handed to
Lexmark in the case of ACRA v.
Lexmark. This case states that
Lexmark can enforce the "single use
only" policy written on the side of
Lexmark printer cartridge boxes
sold to certain large customers at a discount, with the understanding
that the customers will return the cartridges to
Lexmark after using
them. This means that these customers can face lawsuits if they breach
the agreements, and do not return the cartridges.
Also in 2005,
Lexmark suffered a legal defeat in the case of Lexmark
Int'l v. Static Control Components, when the U.S. Supreme Court
rejected Lexmark's petition for a writ of certiorari, thereby
rejecting their attempt to have the Court hear their case. In this
case, the defendant was a manufacturer of microchips that allowed
third-party ink and toner cartridges to work on printers, including
many manufactured by Lexmark. Such printers incorporated a feature
that would require authentication from a microchip within the
ink/toner cartridge in order to function; this was designed to
prohibit users from refilling the cartridges. However, a recent
firmware update allowed
Lexmark to prevent end users from refilling
ink cartridges or using third-party ink cartridges.
Lexmark also lost in the Supreme Court case Impression Products, Inc.
Lexmark International, Inc. in 1 7-1 ruling that reversed and
remanded a Federal Circuit court decision (30 May 2017):
When a patentee chooses to sell an item, that product is no longer
within the limits of the monopoly and instead becomes the private,
individual property of the purchaser, with the rights and benefits
that come along with ownership. A patentee is free to set the price
and negotiate contracts with purchasers, but may not, by virtue of his
patent, control the use or disposition of the product after ownership
passes to the purchaser. The sale terminates all patent rights to that
^ a b c d e f "2014 Form 10-K,
Lexmark International, Inc". United
States Securities and Exchange Commission.
^ Lexamrk. "Privacy & Security". Retrieved 18 December 2017.
^ "Customs Ruling HQ 544887". U.S. Customs and Border Protection.
October 2, 1992.
Lexmark International Group 1996 annual report, SEC Form 10-K".
Advameg. March 24, 1997.
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^ Lewis, Peter H. (December 22, 1991). "The Executive Computer; Can
I.B.M. Learn From a Unit It Freed?". The New York Times. Retrieved May
^ "LXK stock quote -
Lexmark International, Inc. stock price".
NASDAQ.com. Retrieved April 22, 2013.
^ "Details Disclosed for
Lexmark Acquisition Deal". RT Recycling
Times. April 21, 2016. Retrieved June 12, 2016.
Lexmark Executive Reveals Deal with Ninestar-Apex". RT
Recycling Times. April 20, 2016. Retrieved August 15, 2016.
^ a b Truman, Cheryl (November 29, 2016). "
completed: Rooke out, company exits software business". Lexington
Herald-Leader. Retrieved January 28, 2017.
^ "Hyland Software agrees to acquire Lexmark's Perceptive portfolio".
^ "Hyland Finalizes it's Acquisition of the Perceptive Business
Lexmark 2014 Annual Report".
Lexmark International, Inc. Retrieved
January 19, 2016.
^ a b "About Us - Kofax". Retrieved January 19, 2016.
Lexmark Newsroom - News Releases". Newsroom.lexmark.com. May 21,
2010. Retrieved April 22, 2013.
Lexmark acquires Pallas Athena - LEXINGTON, Ky., Oct. 18, 2011
/PRNewswire/". Prnewswire.com. Retrieved April 22, 2013.
Brainware - Mar 5, 2012". Newsroom.lexmark.com.
Retrieved April 22, 2013.
ISYS Search Software and Nolij - Mar 19, 2012".
Newsroom.lexmark.com. Retrieved April 22, 2013.
Lexmark acquires Acuo Technologies - Jan 2, 2013".
Newsroom.lexmark.com. January 2, 2013. Retrieved April 22, 2013.
Lexmark acquires Twistage and AccessVia". Newsroom.lexmark.com.
March 5, 2013. Retrieved September 21, 2013.
Lexmark announces agreement to acquire Saperion". Retrieved January
Lexmark acquires PACSGEAR". Retrieved January 19, 2016.
^ Big acquisition brings
Perceptive Software opportunity and layoffs
Bizjournals.com, September 19, 2014
^ "Even Better Invoice Processing.
ReadSoft is now Lexmark". Retrieved
January 19, 2016.
Lexmark completes acquisition of Kofax, announces Enterprise
Software leadership change". Retrieved January 19, 2016.
Lexmark announces restructuring". Lexmark. August 28, 2012.
Retrieved August 28, 2012.
Lexmark to exit inkjet printer market". pcpro.co.uk. August 28,
2012. Retrieved August 28, 2012.
Lexmark announces restructuring". Newsroom.lexmark.com. August 28,
2012. Retrieved April 22, 2013.
Funai acquiring Lexmark's inkjet-related technology and assets".
Newsroom.lexmark.com. April 1, 2013. Retrieved September 21,
^ Duan, Charles (October 21, 2016). "How a Printer
Ownership; Lexmark's strategy has changed the rules about what you can
do with something you 'bought.'". Slate. Retrieved October 22,
^ Impression Products, Inc. v.
Lexmark International, Inc., 30 May
Wikimedia Commons has media related to Lexmark.
Lexmark v. Static Control Components Inc.
Major imaging companies
Companies with an annual revenue of over US$3 billion
Largest IT companies
Category:Optics manufacturing companies