Lexmark is “moving from being a hardware provider to a broader provider of higher-value solutions, which are hardware, software and services,” CEO Paul Rooke said. According to Lexmark’s estimates, businesses worldwide spent approximately $10 billion in content and process management products and services last year.
Now, after this spring’s acquisition of business process application provider Kofax Ltd., Lexmark is better positioned to help enterprises better manage and capitalize on their growing stores of data, which can range from scanned legal documents to large medical image files, and everything in between. Lexmark closed the Kofax deal, valued at $1 billion, on May 21. In 2013, Kofax gave its platform a big-data boost by acquiring Kapow, a Palo Alto, Calif.-based analytics specialist.
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