Hyland to Buy Lexmark’s Software Unit

The following appears on Reuters.com

By Liana B. Baker and Greg Roumeliotis – Hyland Software Inc, a U.S. business software company owned by buyout firm Thoma Bravo LLC, is nearing a deal to acquire the software division of printer maker Lexmark International Inc for nearly $1.5 billion, according to people familiar with the matter.

The deal would bring Lexmark’s owners, China’s Apex Technology Co Ltd (002180.SZ) and PAG Asia Capital, closer to their goal of shedding non-core units to expand the company’s imaging business in Asia. They acquired Lexmark for $3.6 billion last November.

Hyland Software has outbid private equity firms in an auction for Lexmark’s enterprise software group, known as Kofax, and may reach a deal as early as next week, the sources said this week. Negotiations could still end unsuccessfully, they added.

Click here to read the rest

How to Solve the MSP Marketing Struggle