# Lexmark

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American imaging company

Lexmark International, Inc. Headquarters in Lexington, Kentucky, United States. Type Private Traded as NYSE: LXK (1995–2016) ISIN US5297711070 Industry Computer industry Predecessor IBM Information Products Corporation Founded March 27, 1991; 35 years ago (1991-03-27) Founder IBM Headquarters Lexington, Kentucky , United States Area served Worldwide Key people Phillip Cassou (chairman) Allen Waugerman (president & CEO) Products Business process management Document management system Enterprise Content Management Managed Print Services Enterprise output management Printers Toner Revenue US$3.711 billion (2014)[1] Operating income US$149.2 million (2014)[1] Net income US$79 million (2014)[1] Total assets US$3.633 billion (2014)[1] Total equity US$1.281 billion (2014)[1] Number of employees 13,000 (Nov 2025)[2] Parent Xerox

Lexmark X738de, multifunction color [laser printer](/source/Laser_printer)

**Lexmark International, Inc.** is an American company that manufactures [laser printers](/source/Laser_printer) and imaging products.[3] Founded in 1991, it is headquartered in [Lexington, Kentucky](/source/Lexington%2C_Kentucky).

From 2016 to 2025, the firm was controlled for nine years by a consortium formed by three multinational companies: Ninestar (formerly Apex Technology),[4] [PAG Asia Capital](/source/PAG_(investment_firm)), and [Legend Capital](/source/Legend_Capital).[5] On July 1, 2025, it was acquired in full by [Xerox](/source/Xerox) for US$1.5 billion.[6]

## History

Lexmark was formed on March 27, 1991, when investment firm [Clayton & Dubilier](/source/Clayton%2C_Dubilier_%26_Rice) completed a [leveraged buyout](/source/Leveraged_buyout) of IBM Information Products, the [printer](/source/Printer_(computing)), [typewriter](/source/IBM_Selectric_typewriter), and [keyboard](/source/Model_M_keyboard) operations of [IBM](/source/IBM).[7][8][9][10][11]

On November 15, 1995, Lexmark became a publicly traded company on the [New York Stock Exchange](/source/New_York_Stock_Exchange).[12] By 2016, the firm struggled to keep corporate clients that are cutting costs and the consumers who are shifting to mobile devices from personal computers.

In April 2016, it was reported that Lexmark would be taken private by Apex Technology and PAG Asia Capital for US$3.6 billion,[13] in a transaction that valued it at $40.50 per share.[14] The first purchase discussions began at the [Remax World Expo](/source/Remax_World_Expo) in 2015.[15]

After closing the deal in November, the firm stated that it would maintain its headquarters in Lexington, and that its enterprise software line of business would be spun off and "rebranded" to [Kofax](/source/Kofax).[16][17] As part of the sale, the Perceptive business unit of Lexmark's Enterprise Software Services division was sold to the private equity firm [Thoma Bravo](/source/Thoma_Bravo) (excluding non-Kofax branded document management products).

In addition to completing the aforementioned transaction, Thoma Bravo also agreed to sell the Perceptive business unit to Hyland Corporation.[18] While Kofax-branded applications remained with Lexmark, other document management systems like Perceptive Content and NolijWeb and products like Intelligent Capture (formerly "Brainware") and Enterprise Search (formerly "ISYS") were absorbed by Hyland.[19]

On December 23, 2024, the firm announced that Xerox would acquire it, in a deal expected to close in the second half of the following year.[20] After the acquisition was completed in July 2025,[21] Xerox COO John Bruno said that his company would continue to use the Lexmark name for an "undetermined amount of time" but ultimately plans to discontinue it, merging its product lines with Xerox's own.[22]

## Operations

The firm has its corporate headquarters in Lexington, while also having [R&D](/source/Research_and_development) offices distributed globally and R&D facilities located in [Longmont, Colorado](/source/Longmont%2C_Colorado), [US](/source/United_States_of_America); [Lenexa, Kansas](/source/Lenexa%2C_Kansas), US; [Cebu](/source/Cebu_City), [Philippines](/source/Philippines); [Kolkata](/source/Kolkata), [India](/source/India); [Berlin](/source/Berlin), [Germany](/source/Germany); [Stockholm](/source/Stockholm), [Sweden](/source/Sweden)[23] and [Irvine, California](/source/Irvine%2C_California), US.[24]

With over 13,000 employees worldwide as of November 2025, the company has offices throughout [North America](/source/North_America) and [South America](/source/South_America), [Asia](/source/Asia), [Africa](/source/Africa) and [Europe](/source/Europe).

## Acquisitions

- May 2010: it acquired [Perceptive Software](/source/Perceptive_Software) for $280 million to build upon its software offerings.[25] PS was a software firm that developed enterprise content management ("Perceptive Content", ″ImageNow") and document output management applications.

- 2011: Based in the [Netherlands](/source/Netherlands), Pallas Athena was acquired in a transaction valued at approximately US$50.2 million,[26] adding business process management software, document output management, and process mining capabilities to Lexmark's services.

- March 2012: Acquisition of [Luxembourg](/source/Luxembourg)-based BDGB Enterprise, including its subsidiary [Brainware](/source/Brainware), for US$148 million.[27] Brainware's intelligent data capture platform extracted critical information from paper and electronic documents, validated the extracted data, and passed it on to clients' data management systems, enterprise resource planning (ERP), and/or financial management systems.

- March 2012: it acquired Australia-based [ISYS Search Software](/source/ISYS_Search_Software) and U.S.-based Nolij Corporation, both for $32 million.[28] ISYS built enterprise search solutions[*[buzzword](https://en.wikipedia.org/wiki/Wikipedia:Use_plain_English#Buzzwords)*] and Nolij developed Web-based document imaging and workflow software.

- January 2013: acquisition of Acuo Technologies, a [Minnesota](/source/Minnesota)-based developer of medical imaging document management software, for $45 million.[29]

- March 2013: acquisition of AccessVia and Twistage for approximately $31.5 million.[30]

- August 2013: agreement signed to acquire Saperion AG, a [German](/source/Germany) developer and provider of enterprise content management and business process management (BPM) software in [Europe](/source/Europe), for $72 million.[31]

- October 2013: acquisition of PACSGEAR for approximately $54 million.[32]

- September 2014: acquisition of [ReadSoft](/source/ReadSoft), a [Stockholm](/source/Stockholm)-based provider of applications for automating business processes, for $251 million.[33][34]

- May 2015: it announced the $1 billion acquisition of [Kofax](/source/Kofax),[35] an [Irvine, California](/source/Irvine%2C_California)-based provider of smart process applications. They combined capture, process management, analytics and mobile capabilities to organizations.[24] This line of business was, in turn, spun off from Lexmark when it was acquired by Apex Technology in November 2016.[16]

## Divestitures

### 1996: keyboard factory

In 1996, Lexmark International was prepared to shut their Lexington keyboard factory where they produced Model M buckling-spring keyboards. Despite being the original designer, patent holder, and main customer, IBM decided to remove the Model M from its product line in favor of cheaper Asian-made rubber-dome keyboards.

In an attempt to prevent its production from ceasing, a group of former IBM and Lexmark employees acquired the factory located in Lexington. In April of that year, the business was re-established as [Unicomp](/source/Unicomp), making its own modernized versions of the Model M keyboards.

### 2012-13: inkjet printer line

In August 2012, Lexmark announced that it would stop production of its inkjet printer line.[36][37] In April 2013, [Funai Electric Company, Ltd.](/source/Funai) announced that it had signed an agreement to acquire Lexmark's [inkjet technology](/source/Inkjet_technology) and assets for approximately $100 million (approximately [¥](/source/Japanese_yen)9.5 billion).

Funai acquired more than 1,500 inkjet patents, Lexmark's inkjet-related research and development assets and tools, all outstanding shares and the manufacturing facility of Lexmark International (Philippines), Inc., and other inkjet-related technologies and assets.[38]

## Legal cases

Lexmark pioneered the use of profits from [ink cartridges](/source/Ink_cartridge#Refills_and_third_party_replacements) as a business model, with the result of modifying the legal models of product ownership and [patent exhaustion](/source/Patent_exhaustion) over several years.[39]

*[Arizona Cartridge Remanufacturers Ass'n Inc. v. Lexmark International Inc.](/source/Arizona_Cartridge_Remanufacturers_Ass'n_Inc._v._Lexmark_International_Inc.)*, also referred to as *ACRA v. Lexmark*, was a 2005 decision by the [United States Court of Appeals for the Ninth Circuit](/source/United_States_Court_of_Appeals_for_the_Ninth_Circuit), which ruled that an [End User License Agreement](/source/End_User_License_Agreement) on a physical box can be binding on consumers who signal their acceptance of the agreement simply by opening the box. The decision holds that Lexmark can enforce the "single use only" policy written on the side of Lexmark printer cartridge boxes sold to large customers at a discount, with the understanding that the customers will return the cartridges to Lexmark after using them (so that the cartridges would not be diverted, refilled, and then resold), or else face legal liability for not returning them to the company as agreed.

Lexmark had introduced various authentication mechanisms into its printers that rejected third-party cartridges and resisted any attempt to refill spent ones. ACRA, a consumer group representing manufacturers of third-party authentication microchips and third-party ink and toner cartridges, had challenged this policy as deceptive and unenforceable. The Ninth Circuit disagreed, allowing Lexmark to prevent the use of third-party cartridges and the re-use of empty ones. These restrictions are achieved with a combination of encryption hardware within the cartridges and printer [firmware](/source/Firmware) that attempts to verify their authenticity as being first-party (i.e. manufactured or distributed by Lexmark). The firmware tracks cartridge ink levels, and will permanently disable any cartridge that it has determined to have been refilled, regardless of whether it actually has been.

Subsequent challenges to the "single use only" policy were more successful. Lexmark lost the [Supreme Court](/source/Supreme_Court_of_the_United_States) case *[Impression Products, Inc. v. Lexmark International, Inc.](/source/Impression_Products%2C_Inc._v._Lexmark_International%2C_Inc.)*, in a 7–1 ruling that partially reversed and remanded the Ninth Circuit decision in *ACRA v. Lexmark* on May 30, 2017:

When a patentee chooses to sell an item, that product is no longer within the limits of the monopoly and instead becomes the private, individual property of the purchaser, with the rights and benefits that come along with ownership. A patentee is free to set the price and negotiate contracts with purchasers, but may not, by virtue of his patent, control the use or disposition of the product after ownership passes to the purchaser. The sale terminates all patent rights to that item.[40]

The decision holds that Lexmark cannot sue third-party manufacturers or resellers for [patent infringement](/source/Patent_infringement); notably, it does not mean that Lexmark cannot use firmware to detect, reject or disable third-party ink cartridges or attempted refills. As of 2024, the company continues to do so.

In 2023, Ninestar, a majority owner of Lexmark, was banned from importing goods into the United States under the [Uyghur Forced Labor Prevention Act](/source/Uyghur_Forced_Labor_Prevention_Act).[41] While Lexmark claimed its investors had no operational control over Ninestar, it did not respond to whether Lexmark sources products from Ninestar.[42]

## Logos

		- 1991–2015

		- 2015–2025

		- 2025–present

## References

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## External links

Wikimedia Commons has media related to [Lexmark](https://commons.wikimedia.org/wiki/Category:Lexmark).

- [Official website](https://www.lexmark.com/)

- [EFF: Lexmark v. Static Control Components Inc.](https://www.eff.org/cases/lexmark-v-static-control-case-archive)

v t e Major imaging companies Companies with an annual revenue of over US$3 billion Apple Canon Epson Fujifilm Hikvision HP Kodak Konica Minolta Kyocera Nikon Oki Electric Industry Olympus Panasonic Ricoh Pentax Samsung Sharp Sony Toshiba Xerox Lexmark

v t e Xerox Founders Joseph C. Wilson Chester Carlson Corporate directors Keith Cozza (chairman) John Visentin (vice chairman and CEO) Divisions Lexmark Defunct, divested or acquired ACS Datacopy Diablo Data Systems Fuji Xerox Modi Xerox PARC Rank Xerox Scientific Data Systems Hardware products Copiers Xerox 914 Printers Xerox 1200 Xerox 2700 Xerox 9700 Dover Phaser Electronic publishing DocuTech Workstations 820 Information Processor 860 Information Processing System Alto Star Daybreak Minicomputers and servers Xerox Sigma 9 Xerox 500 series Prototypes NoteTaker Dynabook Software products Bravo Gypsy Xerox Network Systems Xerox PARC Map Viewer Xerox DocuShare Operating systems UTS/CP-V Xerox OS Pilot Computer languages Mesa Interpress Xerox Escape Sequence IDEs Xerox Development Environment GlobalView

v t e IBM History History World War II Mergers and acquisitions PC business acquisition by Lenovo Products Hardware Current Mainframe IBM Z Power microprocessors Power Systems Storage FlashSystem DS8000 Quantum Q System One Q System Two Eagle Osprey Heron Condor Former Blue Gene Cell microprocessors PowerPC Midrange computer Personal Computer Selectric Other ThinkPad ThinkCentre Carbon Design System Cloud Cloudant Cognos Analytics Connections Criminal Reduction Utilising Statistical History Fortran ILOG Information Management Software Mainframe operating systems Mashup Center Planning Analytics PureQuery Quantum Platform Qiskit OpenQASM Rational Software SPSS Tivoli Software Service Automation Manager Watson Watsonx Granite WebSphere Business entities Current Apptio Center for The Business of Government Consulting Promontory Kenexa International subsidiaries India Press Red Hat Research Former AdStar AIM alliance Kaleida Labs Taligent Ambra Computer Cognos EduQuest Kyndryl Lexmark Lotus Development Merative Microelectronics Product Center Retail Store Solutions Science Research Associates Service Bureau The Weather Company (Weather Underground) Facilities Towers 1250 René-Lévesque, Montreal, QC One Atlantic Center, Atlanta, GA Software Labs Rome Software Lab Toronto Software Lab IBM Buildings Chicago Honolulu New York Seattle Facilities Thomas J. Watson Research Center Hakozaki Facility Yamato Facility Cambridge Scientific Center IBM Hursley Canada Head Office Building IBM Rochester Initiatives Deep Thunder Develothon Fellow The Great Mind Challenge Linux Technology Center SkillsBuild Smarter Planet Virtual Universe Community World Community Grid Think conference Inventions Automated teller machine Cynefin framework DRAM Electronic keypunch Floppy disk Hard disk drive Magnetic stripe card Relational model Sabre airline reservation system Scanning tunneling microscope Financial swaps Universal Product Code Terminology Big Blue Commercial Processing Workload Customer engineer Globally integrated enterprise e-business Think slogan CEOs Thomas J. Watson (1914–1956) Thomas Watson Jr. (1956–1971) T. Vincent Learson (1971–1973) Frank T. Cary (1973–1981) John R. Opel (1981–1985) John Fellows Akers (1985–1993) Louis V. Gerstner Jr. (1993–2002) Samuel J. Palmisano (2002–2011) Ginni Rometty (2012–2020) Arvind Krishna (since 2020) Other A Boy and His Atom Big Blue sports teams American football Rugby union Common Public License/IBM Public License Wallace v. International Business Machines Corp. Deep Blue Deep Thought Dynamic infrastructure GlobalFoundries GUIDE International IBM and the Holocaust International chess tournament Lucifer cipher Mathematica IBM Plex SHARE computing ScicomP Unions Commons Category Navigational boxes FOSS Midrange computers Operating systems Personal computers System/360 System/370 Typewriters Vacuum tube computers

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Adapted from the Wikipedia article [Lexmark](https://en.wikipedia.org/wiki/Lexmark) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Lexmark?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.
