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Friday, 23 October 2015 00:00

Lexmark Looking for a Buyer

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Today, Lexmark announced that its Board of Directors has "authorized the exploration of strategic alternatives to enhance shareholder value." After the announcement was made, Lexmark's stock rose more than 6% (as of this posting), lifting the company's market cap to $2.1B. This is not that great of a valuation for a company that bills itself as a "$3.7B global technology company that includes a $1.5B Higher Value Solutions business comprised of Enterprise Software (ES) and Managed Print Services (MPS)." That Enterprise Software business, of course, includes Perceptive, Kofax, ReadSoft, Brainware, and some other ECM-focused companies that have been rolled up since 2010. Most recently, Lexmark acquired Kofax for $1B in a somewhat surprising deal. It followed up by appointing Kofax CEO Reynolds Bish as president of Lexmark ES, which has about a $700M annual run rate. Unfortunately, investors were less than thrilled with the guidance Lexmark presented for its overall…
Thursday, 15 October 2015 00:00

Is There HV Potential for Capture with Mobile Devices?

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Here's a preview of an article that scheduled to run in tomorrow's (Oct. 16) edition of DIR: scanPAD is a German startup that has created a new apparatus designed to enable smartphones to act as document scanners, mini photo studios, and even overhead projectors. According to a press sheet, the scanPAD leverages patent-pending nanotechnology to hold and stabilize smartphones, as well as documents. Shaped like a desklamp (see image), the scanPAD holds a smartphone in place above whatever the user is trying to capture. For documents, the base of the scanPAD has a microsuction surface designed to not only hold documents, but also smooth and flatten them. It is designed to work with whatever document capture app a user has installed on their phone. The reverse side of the microsuction pad features a bluescreen that enables users to take pictures with a transparent/replaceable background. The device can also be used…
Lexmark reported its Q2 2015 earnings today. Overall, Lexmark reported $891M in non-GAAP revenue and $139M in earnings. Apparently, Wall Street traders were not impressed with these numbers along with lowered earnings forecasts, as Lexmark shares were down more than 20% in early trading. I don't pretend the understand the complete dynamics of Lexmark's business, but I do follow its Enterprise Software division fairly closely, and this was the first quarter it reported that includes any revenue and income from Lexmark's Kofax acquisition, which closed on May 21. For Q2, Lexmark reported $150M in total Enterprise Software revenue, with margins of 20%. On the surface, this looks great, considering that Lexmark's Enterprise Software margins for 2014 were around 5%. But, if you look closely, the Kofax Q2 operating margins are listed at 42.6%, which has something to do with the timing of the acquisition. Apparently, some Kofax operating expenses in…
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  • Digital Check Acquires nextScan, Merges it with ST Imaging

    Digital Check and technology provider of digital microfilm and book scanning technology, has acquired nextScan Inc., the industry’s top manufacturer of high performance production Microfilm Scanners and Workflow Software Technology.

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  • TWAIN Working Group & PDF Association Partner to Create Image File Format

    The TWAIN Working Group and the PDF Association have agreed to work together in the coming months on refining a specification for PDF/Raster (PDF/R).

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  • Ricoh and Nuance Expand Partnership

    Building on an enduring partnership, Ricoh today announced it is providing customers new options for achieving higher levels of business productivity with the release of three enhanced information workflow solutions.

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  • Nuance Samsung Extend Partnership to Include Document Imaging

    BURLINGTON, Mass.--(BUSINESS WIRE)--Nuance Communications, Inc. (NASDAQ: NUAN), today announced an extension to the strategic partnership with Samsung Electronics to provide Nuance document imaging solutions. Click on headline to read complete release.

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