Lexmark Allegedly Paid $148 Million for Brainware
April 21, 2013
A happy quack to the researcher who sent me a link to “Lexmark Pays $148 Million for Brainware Data Capture Platform.” The write up published in March 2012 asserts:
Lexmark International, Inc. (NYSE: LXK) today announced the acquisition of Luxembourg-based BDGB Enterprise, including its U.S. subsidiary Brainware, Inc., a Vista Equity Partners portfolio company, for a cash purchase price of approximately $148 million.
I tracked Brainware because of its trigram technology which was used in the Brainware search system. What’s interesting is the positioning of Brainware in this write up. Here’s the portion I noticed:
“With the acquisition of Brainware, Lexmark is further strengthening and differentiating our industry-leading managed print services offerings and our end-to-end business process solutions,” said Paul Rooke, Lexmark’s chairman and chief executive officer. “Brainware’s innovative intelligent data capture technology will be attractive to our customers across the globe.” Brainware’s intelligent data capture platform, Brainware Distiller™, accurately extracts critical information from paper and electronic documents, validates the extracted data and passes it to customers’ data management systems, enterprise resource planning (ERP) and/or financial management systems. Brainware Distiller™ enables customers to more efficiently process invoices, fulfill customer orders, balance remittances, index documents, process loan applications, and perform other document-intensive processes. This high growth market is closely adjacent to both Lexmark’s customer solutions and Perceptive Software’s expanding enterprise content management (ECM) and business process management (BPM) businesses.
Search? Is it just a utility within the larger paper workflow service.
Stephen E Arnold, April 21, 2013
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