It consists of the acquisitions Kofax, Readsoft and Perceptive Software. The buyer Thoma Bravo summarizes Kofax and ReadSoft under the Kofax brand in a new company.
Lexmark sells enterprise software division to investor
Products and technology from Perceptive Software will be added to Hyland software, which the investor has already long been part of.
The private equity company Thoma Bravo and Lexmark have agreed on the sale of the enterprise software division of Lexmark. This essentially consists of the companies Kofax, Readsoft and Perceptive Software purchased by Lexmark in the course of its reorientation. The investors Apex Technology, PAG Asia Capital and Legend Capital Management support the intended transaction.
They had taken Lexmark 2016 for about 3.6 billion dollars. This was equivalent to a 30 per cent increase in the share price compared to the day before the US company announced in October 2015 to “look for strategic alternatives”. (more…)