Lexmark announces agreement to acquire Saperion
- Saperion AG is a European-based leader in enterprise content management
solutions, focused on providing document archive and workflow solutions
- Saperion expands Perceptive Software's European-based footprint in the
enterprise content management market
- Saperion will further strengthen Lexmark's strategy of providing the
platform, products and solutions that help companies manage their unstructured
- The Saperion acquisition announcement is a continuation of Lexmark's stated
capital allocation framework
LEXINGTON, Ky., Aug. 20, 2013
LEXINGTON, Ky., Aug. 20, 2013 /PRNewswire/ -- Lexmark International, Inc.
(NYSE: LXK) today announced the signing of an agreement to acquire
Germany-based Saperion AG, a leading developer and provider of enterprise
content management (ECM) and business process management (BPM) software in
Europe, for a cash purchase price of approximately $72 million. Upon the
closing of the transaction, Saperion will report into Perceptive Software.
Saperion's ECM/BPM products feature a platform-independent, multilingual
architecture, making the products highly scalable and easy to integrate with
all major ERP, email and document management systems. Saperion has also
developed leading cloud-based and mobile ECM solutions to provide workers easy
and intuitive access to important content, even when they are away from the
office. The offering empowers businesses to efficiently manage an increasing
volume of information, to automate and streamline business processes, and to
realize productivity gains.
Saperion has a large installed base of customers consisting of medium-sized
companies as well as global accounts such as Schindler, E.ON, Fleurop, Henkel,
Lufthansa, Vodafone, Daimler and Siemens with corporate-wide rollouts.
This acquisition illustrates Lexmark's consistent execution of the company's
stated capital allocation framework. Lexmark's capital allocation framework is
to pursue acquisitions that support growth and increase software and solutions
capabilities, while returning more than 50 percent of free cash flow to
shareholders, on average, through quarterly dividends and share repurchases.
Since mid-2011, Lexmark has returned to shareholders more than $600 million in
the form of dividends and share repurchases.
Lexmark retains a strong liquidity position with a long history of cash
On the seller's side, the transaction was led and advised by ViewPoint
Capital Partners, Saperion's largest shareholder and lead investor.
The completion of the proposed acquisition is subject to regulatory approval
in Germany and other customary conditions and is expected to close within the
third quarter of 2013.
"Lexmark continues to deepen and expand its content and process capabilities
and solutions, which in turn improves our ability to help our customers manage
their unstructured information challenges," said Paul Rooke, Lexmark's
chairman and chief executive officer. "Upon closing, Saperion will be the
latest software acquisition that strengthens Lexmark's transition from being a
global leader in imaging and output technology to one that offers enterprises
"The Saperion team has built strong process and content management
technologies, including mobile and cloud ECM solutions, that are used by
mid-size and enterprise organizations throughout Europe," said Scott Coons,
Perceptive Software president and chief executive officer and Lexmark vice
president. "Saperion will join Perceptive's global team of process and content
management experts, while its leadership in the European market will further
strengthen Perceptive's global footprint."
"We are excited to see the strong strategic rationale for both parties behind
the transaction," said Hans-Christian Perle, partner at ViewPoint Capital
Partners. "We are convinced that together with Lexmark, the Saperion team will
be able to manifest its leadership position in the European ECM space and to
further expand into global markets."
According to Herbert Lorch, chief executive officer of Saperion,
"Collaboration with Perceptive will open new markets for Saperion. We will be
able to offer and support our solutions in regions where we were previously
not represented. Our customers will benefit from our expanded international
presence and globally active companies will receive even greater support
around the world."
Lexmark is uniquely focused on connecting unstructured printed and digital
information across enterprises with the processes, applications and people
that need it most. For more information, please visit www.lexmark.com.
About Saperion AG
Saperion is a European manufacturer of high-performance Enterprise Content
Management software for medium-sized firms and multinational corporations. As
a long-term partner of major global players, Saperion AG exhibits a
straightforward approach to business, tremendous flexibility, and impressive
reaction speed. Saperion's mission is to bring organizations, people, and
processes together so they can react faster and reach better decisions in the
dynamic markets of today. Approximately 2000 companies around the world and in
virtually every industry use Saperion to improve the quality of their
products, increase customer satisfaction, reduce costs, and gain critical
competitive advantages. Saperion products target three core issues present at
many corporations: process optimization, legal compliance and security, and
integration of information. More information available at www.saperion.com
Lexmark and Lexmark with diamond design are trademarks of Lexmark
International, Inc., registered in the U.S. and/or other countries. All other
trademarks are the property of their respective owners.
SOURCE Lexmark International, Inc.
Contact: Investor Contact: John Morgan, 859-232-5568, email@example.com,
Lexmark Media Contact: Jerry Grasso, 859-232-3546, firstname.lastname@example.org,
Perceptive Software Media Contact: Sherlyn Manson, 913-667-8811,
email@example.com, Saperion AG Media Contact: Dr.
Kurt-Christian Tennstadt, +49 7732 95 39 30, firstname.lastname@example.org
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