BREAKING: Lexmark wants to buy Readsoft for $US182 million. Cash.

ReadSoft 225x2251 150x150 BREAKING: Lexmark wants to buy Readsoft for $US182 million. Cash.Lexmark International has announced that it has made a $US182 million cash offer for ReadSoft. The offer has been unanimously recommended by ReadSoft’s Board of Directors.

Since acquiring Perceptive Software in 2010 for $US280 million, printer giant Lexmark has been acquiring a suite of document capture process and content management offerings. Such as Pallas Athena in 2011 for $50.2 million. ReadSoft will now be added to the Lexmark portfolio if the offer is accepted.

To freshen up your memory, ReadSoft has a strong track record of accounts payable automation (in the high end enterprise SAP market in particular).ReadSoft was founded in 1991 and has approximately 625 employees. The company is headquartered in Helsingborg, Sweden. ReadSoft has over 12,000 customers worldwide, operates in 70 countries and has more than 350 channel partners.

Paul Rooke, Lexmark chairman and chief executive officer:

“Our tender offer for the shares of ReadSoft supports Lexmark’s ongoing strategy of building our high value solutions that help our customers manage their unstructured information challenges,”

“The combination of ReadSoft and Perceptive Software will enhance our ability to create solutions that manage the ever-expanding forms of content, from traditional hard copy documents to mobile video and audio in today’s digital business environment.”

Göran Larsson, chairman of the board of ReadSoft:

“The Board of Directors of ReadSoft has carefully considered the offer and views Lexmark as an excellent owner committed to the further development of ReadSoft’s business, and has therefore decided to recommend the shareholders to accept the tender offer from Lexmark,”

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