Lexmark Buys Kofax: Scanning and Intelligence Support
May 22, 2015
Short honk: I was fascinated when Lexmark purchased Brainware and ISYS Search Software a couple of years ago. Lexmark, based in Lexington, Kentucky, used to be an IBM unit. That it seems did not work out as planned. Now Lexmark is in the scanning and intelligence business. Kofax converts paper to digital images. Think health care and financial services, among other paper centric operations. Kofax bought Kapow, a Danish outfit that provides connectors and ETL software and services. ETL means extract, transform, and load. Kapow is a go to outfit in the intelligence and government services sector. You can read about Lexmark’s move in “Lexmark Completes Acquisition of Kofax, Announces Enterprise Software Leadership Change.”
According to the write up:
- This was a billion dollar deal
- The executive revolving door is spinning.
In my experience, it is easier to spend money than to make it. Will Lexmark be able to convert these content processing functions into billions of dollars in revenue? Another good question to watch the company try to answer in the next year or so. Printers are a tough business. Content processing may be even more challenging. But it is Kentucky. Long shots get some love until the race is run.
Stephen E Arnold, May 22, 2015
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