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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.
Monday, 27 April 2015 00:00

Kruchten Leaving Kodak Alaris

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Dolores Kructhen, who has served as president of Kodak Alaris Document Imaging - DI (recently renamed Information Management- IM), since it was launched in 2013, is leaving the company at the end of May. Here's the official statement from Kodak Alaris: "Dolores Kruchten, President of the Information Management division, has decided to leave Kodak Alaris at the end of May. All of us at Kodak Alaris thank Dolores for her contributions over the years and wish her all the very best for the future. We are actively recruiting – in the interim, Ralf Gerbershagen and Jeff Goodman will work closely with the existing Information Management Executive leadership team to ensure a smooth transition." Kruchten started with Kodak in 1981. She held numerous positions at Kodak Document Imaging, including running the hardware service business for Kodak Graphic Communications before taking over as GM of DI in 2007. Kruchten oversaw that transition…
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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.
  • Regional Bank UBSI Implements ibml Hardware/Software Solution

     
    In 2013 UBSI began evaluating alternative image capture solutions. Later that year, UBSI selected a scanning and document capture solution that included ibml’s ImageTracDS 1085 high-production desktop scanner and ibml’s SoftTrac® Capture Suite software, including ibml’s new SoftTrac Synergetics intelligent capture solution for classifying documents and automatically extracting metadata.
  • InfoSource Americas Scanning Service Overview