Lexmark Launches New Brand and Logo

  • Lexmark International, Inc., a global technology leader, today introduced the company’s new corporate brand and logo. The rebranding reflects both the evolution of the company as well as its vision for the future.
  • Since being spun out of IBM in 1991, Lexmark has been a recognized and lauded leader in imaging and output solutions that help people and organizations improve processes and reduce their costs. Lexmark’s award-winning imaging and output technology has continued to evolve as the world becomes more digital and connected.
  • Today, the company sells its products and services in more than 170 countries, and is recognized as a leader in managed print services (MPS) by many of the technology industry’s leading market analyst firms. Lexmark has also acquired and integrated several strategic software companies since 2010, further expanding the company’s breadth of offerings to include innovative software solutions.
  • Lexmark’s rebranding represents its successful and ongoing transition to a company well beyond its hardware heritage. Today the company competes in key growth markets that include MPS, intelligent capture, enterprise content management, healthcare content management, financial process automation and enterprise search – all focused on helping Lexmark customers connect employees to the most relevant information at the moment they need it.
  • The new Lexmark logo evokes the clarity, value and durability of the traditional Lexmark diamond, evolving to an aperture, which represents the broader offering – a portal to insight, a means of focus. The green palette is fresh, vibrant and approachable, representing Lexmark’s strength, focus on sustainability and growth as well as our commitment to earning “customers for life.” The new typeface lends a modern, clean look and features angles that precisely reflect the aperture.
  • Lexmark’s new tagline is, “Open the possibilities”. This tagline invites customers to engage with Lexmark to open up greater opportunities for success with our broader technology and solutions portfolio.
  • While the brand, tagline and logo have changed to better represent what the company is today, Lexmark’s value proposition remains the same – our combination of key technology ownership, exceptional customer engagement and deeper industry expertise remains unique, and enables us to develop long-lasting and rewarding customer relationships.
  • Perceptive Software will go to market as Lexmark, while its software products will continue to use the Perceptive name, such as Perceptive Content, Perceptive Intelligent Capture and Perceptive Search.

Posted in Automatization, Document Management, Events, Industry News, Lexmark Devices, Millennium Business Systems, New Technology, Software Solutions | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Millennium Business Systems is now on Twitter

Looking to stay up to date on the latest in copier, solutions and printing technology? Follow Millennium Business Systems on Twitter for the latest in news, specials and industry headlines.

 

 

Posted in Millennium Business Systems | Tagged , , , , | Leave a comment

Lexmark to acquire Kofax

Mar 24, 2015

LEXINGTON, Ky. and IRVINE, Calif.March 24, 2015 /PRNewswire/ –

  • Lexmark International, Inc. (NYSE: LXK) and Kofax Limited (NASDAQ and LSE: KFX) today announced that the two companies have entered into a merger agreement in which Lexmark will acquire Kofax. Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for $11.00 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired.
  • Lexmark will fund the acquisition with its non-U.S. cash on hand and its existing credit facility programs.
  • Kofax’s Board of Directors has unanimously recommended in favor of the merger agreement. Kofax shareholders, holding approximately 25 percent of the outstanding shares of Kofax, have signed a voting agreement committing to support the merger.
  • Upon successful completion of the acquisition, Lexmark will nearly double the size of its enterprise software business to an approximately $700 million business competing in the expanding $10 billion content and process management software market. This market is expected to have a compounded annual growth rate of approximately 10 percent. In addition to the significant increase in scale, Kofax will help accelerate the growth and significantly increase the operating margins of Lexmark’s software business.
  • The addition of Kofax immediately enhances Lexmark’s industry-leading enterprise content management and business process management offerings. In the capture technology field, the combination of Kofax’s smart process applications with Perceptive Intelligent Capture will create the broadest and deepest portfolio of capture solutions in the market, ranging from Web portals and mobile devices to smart MFPs.
  • The acquisition will result in an enhanced, more efficient balance sheet benefiting from the deployment of available overseas cash and existing balance sheet capacity.
  • Founded in 1985 and headquartered in Irvine, California, Kofax reported 2014 revenue of $297 million. Kofax has over 20,000 customers worldwide, including 80 on the Fortune Global 100 list. The company operates in all regions of the world and has more than 850 channel partners globally.
  • The acquisition of Kofax demonstrates the continued execution of Lexmark’s capital allocation framework, which is to pursue acquisitions that strengthen and support the growth of Lexmark’s solutions capabilities, while returning capital to shareholders. Since the first quarter of 2011, Lexmark has returned 78 percent of its free cash flow to shareholders in the form of dividends and share repurchases. The transaction will not impact Lexmark’s quarterly dividend.
  • The acquisition is expected to close in the second quarter of 2015 and is contingent on Kofax shareholder approval, applicable regulatory clearances and other customary closing conditions.
  • Goldman, Sachs & Co. is serving as exclusive financial advisor to Lexmark. Lazard is serving as exclusive financial advisor to Kofax on this transaction.

Posted in Automatization, Awards, Events, Lexmark Devices, Millennium Business Systems, New Devices, New Technology, Office Solutions News | Tagged , , , , , , , , , , , , , , , , | Leave a comment

IDC MarketScape again names Lexmark an industry leader in smart MFPs

Mar 25, 2015

LEXINGTON, Ky.March 25, 2015

  • Lexmark International, Inc. (NYSE: LXK) has once again been named as a leader in smart multifunction products (MFPs) by the IDC MarketScape: U.S. “Smart” Multifunction Peripheral 2014 – 2015 Smart Vendor Assessment report1, which analyzes the strategies and current capabilities of companies providing smart MFPs.
  • As defined by the IDC MarketScape, leaders are companies that have led and continue to lead the market in both breadth of offering and strategic intent.
  • The report states that Lexmark has enhanced the value proposition of its smart MFPs over the last year with several accomplishments including embedded applications for serverless print release, Classify and Route, and AccuRead OCR.
  • In addition to smart MFPs, IDC has also named Lexmark a leader in managed print services2 three consecutive times.

Posted in Automatization, Awards, Events, Lexmark Devices, Millennium Business Systems, New Devices, New Technology, Office Solutions News | Tagged , , , , , , , , , , , | Leave a comment

Sharp Named to Brand Finance’s Tech 100

The 2015 Annual Report Names Sharp as one of the World’s Most Valuable Tech Brands

03/23/2015

Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation (SEC) today announces that Brand Finance, the world’s leading independent brand valuation and strategy consultancy, has named Sharp as one of the World’s Most Valuable Tech Brands on their 2015 Tech 100 List.

With the aim of bridging the gap between marketing and finance, Brand Finance builds robust business cases for brand decisions, strategies, and investments. Since 1996, Brand Finance has put out their annual Tech 100 List; which ranks brand value based on Brand Strength Index (BSI), Future Sales, and Brand Revenues.

Sharp, a worldwide developer and manufacturer of B2B Technology products including, award-winning multifunctional printers, and high-impact digital signage, was ranked #61 in the 2015 Tech 100.

“This reconfirms Sharp’s position among the world’s leading technology companies,” says Mike Marusic, Senior Vice President, Marketing and Operations, Sharp Imaging and Information Company of America. “Sharp’s ranking was among the highest of our competitive product set.”

Posted in Awards, Industry News, Millennium Business Systems, New Devices, New Technology, Office Solutions News, Sharp Devices | Tagged , , , , , , , , , , , , , , , | Leave a comment