Lexmark International acquired the Netherlands-based Pallas Athena in a transaction valued at about $50.2 million. The Dutch company will be a part of Perceptive Software, a stand-alone business unit within Lexmark.
Introducing Pallas Athena
Pallas Athena is a leading provider of BPM, DOM and process mining software, with significant industry experience in the insurance, government and life sciences segments. Pallas Athena’s software products enable a broad range of BPM capabilities, which includes dynamic case management and customer communications management.
The rapidly growing BPM and DOM market
The rapidly growing BPM (Business Process Management) and DOM (Document Output Management) market is close to Lexmarks existing business unit: Perceptive Software. By bringing these closely aligned technologies together, Lexmark aims to further strengthen its industry-leading fleet management solutions and services with a broader range of workflow solutions that are more functional, and easier to implement and use than existing tools available in the market today.
Lexmark to be an e-invoicing provider
From a wider perspective electronic invoicing is just a part of BPM (Business Process Management) and DOM (Document Output Management). With its reported sales of more than $4 billion in revenue and its acquisition of Pallas Athena, Lexmark could very well become a fierce player in the e-invoicing arena.
Or as Paul Rooke, Lexmark’s chairman and chief executive officer, put it:
“With the addition of full-featured BPM, DOM and process mining capabilities complementing our offerings, we can now provide customers with a broader range of solutions that enable them to work even more efficiently.”
Cláudia Wada on