Lexmark International (NYSE: LXK) has moved to consolidate four of its acquired businesses with nearly $200 million in combined value under the Perceptive Software subsidiary as part of its efforts to grow, Business Lexington reported Friday.
Erik Carlson writes Lexmark acquired those companies separately in 2013 in a move that Paul Rooke, chairman and CEO, says is aimed at helping to diversify Lexmark’s operations besides the ink and paper business.
The Lexington, Ky.-based company also purchased Kansas-based Perceptive Software in 2010 for $280 million in order to better help customers structure data and automate business processes, according to the report.
Perceptive Software will assume responsibility of medical imaging software company Pacsgear, German software developer Saperion, San Francisco, Calif.-based Twistage and healthcare imaging provider Acuo Technologies, the report says.
Rooke told the publication Lexmark intends for those companies to help fulfill its goal of addressing the gaps in various technologies and industry expertise.
Rooke adds that his company plans to continue acquiring other firms in an effort to meet future business demands, Business Lexington reports.
“It’s not for the sake of growing revenue; it’s really part of an integral strategy to be the leader in this world of unstructured information, ” he told Business Lexington.