Editing Lexmark (section)

==History==
{{pic|File:LogoLexmark.svg|Wordmark of Lexmark until 2015|thumb}}
[[File:Furniture-laser-cash-photocopier-286221-pxhere.jpg|thumb|Lexmark X738de, multifunction color [[laser printer]]]]
Lexmark was formed on March 27, 1991, when investment firm [[Clayton, Dubilier & Rice|Clayton & Dubilier]] completed a [[leveraged buyout]] of IBM Information Products Corporation, the [[Printer (computing)|printer]], [[IBM Selectric typewriter|typewriter]], and [[Model M keyboard|keyboard]] operations of [[IBM]].<ref>{{cite news|url=http://newsroom.lexmark.com/newsreleases?item=30894|title=Lexmark celebrates history of excellence, innovation at 20-year anniversary|work=PR Newswire|date=March 27, 2011}}</ref><ref>{{cite web|url=http://rulings.cbp.gov/detail.asp?ru=544887&ac=pr|title=Customs Ruling HQ 544887|publisher=U.S. Customs and Border Protection|date=October 2, 1992|access-date=October 12, 2014|archive-url=https://web.archive.org/web/20160321192516/http://rulings.cbp.gov/detail.asp?ru=544887&ac=pr|archive-date=March 21, 2016|url-status=dead}}</ref><ref>{{cite web|url=http://getfilings.com/o0001001288-97-000006.html|title=Lexmark International Group 1996 annual report, SEC Form 10-K|publisher=Advameg|date=March 24, 1997}}</ref><ref>{{cite web|url=http://ibm.com/ibm/history/history/year_1991.html|title=IBM Archives: 1991| website=[[IBM]] | date=January 23, 2003 }}</ref><ref>{{cite news|url=http://query.nytimes.com/gst/fullpage.html?res=9D0CE2D9173CF931A15751C1A967958260|title=The Executive Computer; Can I.B.M. Learn From a Unit It Freed?|work=The New York Times|first=Peter H.|last=Lewis|date=December 22, 1991}}</ref> Lexmark became a publicly traded company on the [[New York Stock Exchange]] on November 15, 1995 (under NYSE:LXK).<ref>{{cite web|url=http://www.nasdaq.com/symbol/lxk |title=LXK stock quote - Lexmark International, Inc. stock price |publisher=NASDAQ.com |access-date=April 22, 2013}}</ref>

By 2016, the company struggled to keep corporate clients that are cutting costs and the consumers who are shifting to mobile devices from personal computers. It was reported in April 2016 that Lexmark would be taken private and acquired by Apex Technology and [[PAG (investment firm)|PAG Asia Capital]] for US$3.6 billion.<ref>{{Cite book |last=Sullivan |first=Lawrence R. |title=Historical Dictionary of the Chinese Economy |publisher=Rowman & Littlefield |year=2017 |isbn=978-1-5381-0853-6 |location=Lanham, MD |pages=379 |language=en}}</ref> Lexmark was set to be acquired at $40.50 per share in the transaction.<ref>{{cite news |title=Details Disclosed for Lexmark Acquisition Deal |url=http://www.irecyclingtimes.com/index.php?route=news/news_column/article&news_column_id=8&news_id=6412 |work=RT Recycling Times |date=April 21, 2016 |access-date=June 12, 2016}}</ref> Initial talks for the acquisition were begun at the [[Remax World Expo]] in 2015.<ref>{{cite web| title=Former Lexmark Executive Reveals Deal with Ninestar-Apex| url=http://www.irecyclingtimes.com/index.php?route=news/news_column/article&news_column_id=17&news_id=6408| work=RT Recycling Times |date=April 20, 2016|access-date=August 15, 2016}}</ref> The deal was closed on November 29, 2016. Lexmark stated that its headquarters would remain in Lexington, and that its enterprise software line of business would be spun off and "rebranded" to [[Kofax]].<ref name="acquisition completed">{{cite news|last1=Truman|first1=Cheryl|title=Lexmark acquisition completed: Rooke out, company exits software business|url=http://www.kentucky.com/news/business/article117672023.html|access-date=January 28, 2017|work=[[Lexington Herald-Leader]]|date=November 29, 2016}}</ref> As part of the sale, the Perceptive Business Unit portion of Lexmark's Enterprise Software Services division (e.g., their non-Kofax-branded document management products) was sold to the [[Thoma Bravo]] management group who agreed to in-turn sell the Perceptive Business Unit to the Hyland Corporation.<ref>{{cite web|url=http://www.cleveland.com/business/index.ssf/2017/05/hyland_software_agrees_to_acqu.html |title=Hyland Software agrees to acquire Lexmark's Perceptive portfolio |work=Cleveland.com |date=May 3, 2017 }}</ref> The Kofax-branded applications remained as part of Lexmark, but 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.<ref>{{cite web|title=Hyland, creator of OnBase, has entered definitive agreement to acquire the Perceptive portfolio |url=https://naviant.com/hyland-officially-acquires-perceptive/|date=May 3, 2017|last=Hein|first=Jen|access-date= December 12, 2020}}</ref>

On December 23, 2024 Lexmark announced that [[Xerox]] would be buying the company, with the deal expected to close in the second half of 2025.<ref>{{Cite web |title=Xerox to Acquire Lexmark |url=https://newsroom.lexmark.com/2024-12-23-Xerox-to-Acquire-Lexmark |access-date=2024-12-23 |website=Lexmark Newsroom |language=en}}</ref>