Lexmark announced that it has acquired BDGB Enterprise, a software company based in Luxembourg, which includes Brainware, a U.S. subsidiary. The price tag: $148 million.
Brainware, which provides data capture and enterprise search solutions, will become part of Lexmark's Perceptive Software business unit. Brainware CEO Carl Mergele will stay with the company, and report to Scott Coons, Perceptive Software's president and CEO and Lexmark vice president.
"Having already been partners with Perceptive Software and powering the IntelliCapture solution, we know that joining our technologies is game changing for our customers," said Mergele. "Becoming part of Perceptive Software, known for delivering solutions that bring rapid value to customers, allows Brainware to continue doing what it does best."
"Brainware's sophisticated technology brings a powerful set of capabilities that further round out our process and content management offerings, and are especially appealing to large enterprises," said Coons. "Many of our customers use our technology to manage very high volumes of content. Brainware's proven accuracy rate in these environments gives our customers an even greater ability to drive cost out of their business and realize an enhanced return on investment from their core business applications."
"With the acquisition of Brainware, Lexmark is further strengthening and differentiating our industry-leading managed print services offerings and our end-to-end business process solutions," said Lexmark CEO Paul Rooke. "Brainware's innovative intelligent data capture technology will be attractive to our customers across the globe."
Brainware has offices in the U.S., U.K., Switzerland and Germany.