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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…
Thursday, 21 May 2015 00:00

Why Bish Makes Sense for Lexmark SW

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You can't accuse Lexmark of being predictable and boring. Almost two months after announcing its surprise $1B bid for document capture market leader Kofax, today, Lexmark not only announced it had closed the deal, but that Kofax CEO Reynolds Bish was taking over as president of Lexmark Enterprise Software. Most people in the industry had assumed that Bish, who has hired by Kofax in 2007 to drive up its valuation and sell the company, had successfully completed his mission and would move on. Instead, we have Bish taking over for Scott Coons, who was basically the founder of Perceptive Software - the rock on which Lexmark Enterprise Software was built. Lexmark acquired Perceptive in 2010 and followed that with several other software acquisitions all rolled up under the Perceptive flag. The result was a software business with run rate of approximately $350M, prior to the acquisition of Kofax, which now…
Thursday, 30 April 2015 00:00

Xerox CFO Comments Seem to Rule Out Kofax Bid

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Xerox recently adjusted its outlook for 2015 in the wake of fairly weak Q1 results. But, the big news for our readers may be Xerox CFO Kathryn Mikells' comments on the company's acquisition goals. Mikells told Reuters: "We're expecting to do up to $900 million in acquisitions this year and early next year." This would seem to rule out a bid for Kofax, for which Lexmark has already bid $1B.
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  • Six ways your corporate information may be gridlocked

    Ricoh survey details obstacles to 'information mobility'
    Organizations rarely lack information in this new world of work. Unfortunately, information is gridlocked and unavailable to drive business decisions on the fly, according to new research from Ricoh and IDC.

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  • New Release of Upland’s FileBound Offers Easy-to-Use Compliance Capabilities

    Upland Software, Inc., a leader in cloud-based Enterprise Work Management applications, today announced that the latest version of its FileBound document and workflow automation application is now available. This latest edition extends the robust web-based capabilities of FileBound to bring people, processes and information together in easy-to-use ways that support compliance and accountability.

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  • Ricoh Expands Partnership with EMC to deliver business-quality file synchronization and sharing

    With so much of the world’s business information gridlocked and unsecured, Ricoh is giving its customers a new, better way to access information through an expanded partnership with EMC® Corporation. Ricoh will extend its services offerings to include EMC Syncplicity®, a powerful enterprise file synchronization and sharing solution, which will serve as another tool to help Ricoh customers improve workflow and make information accessible to those who need it to run their business – known as information mobility.
     
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  • With hospitals ‘drowning in paperwork,’ patients look to Internet for treatment

    CHICAGO (HIMSS15, Booth #2875), April 13, 2015 – Patients expect their hospital experience to involve nothing less than the latest technology. That’s why the idea of too much paperwork scares them off, sometimes to the point of choosing the Internet for help with medical conditions. These are among the findings of an online survey conducted by Harris Poll of more than 2,000 adults in the United States on behalf of Ricoh Americas Corporation. The focus was information mobility in American hospitals, the ability to efficiently move information among clinical and administrative workers regardless of whether it’s paper-based or digital.