Bangalore– Lexmark International, Inc. (NYSE: LXK) today announced an expansion of their managed print services capabilities (MPS) in India as a part of a comprehensive plan to grow Lexmark India operations at 78% CAGR in the next four years. Lexmark’s MPS solutions have enabled global and local enterprises in India to improve productivity and reduce cost across a broad range of industries such as education, financial services, government, information technology and telecom. In the recent months, Lexmark won 23 new MPS contracts with companies listed on either the Global 500 or Fortune 500 list.
Lexmark recently completed three software acquisitions, they are:
· Brainware: a leading provider of intelligent data capture, strengthens Lexmark as a technology leader in business processes that require intelligent data capture and workflow solutions in industries including higher education, financial services, and healthcare.
· ISYS: a leader in high-performance enterprise and federated search and document filtering technology, which extends Lexmark’s leadership position in surfacing critical content to the user in both structured and unstructured business processes.
· Nolij: a prominent provider of Web-based imaging, document management and workflow solutions for the higher education market, which combined with Perceptive Software, provide a complete range of content management solutions to more than 700 higher education institutions.
All these are being integrated into Perceptive Software, strengthening MPS, end-to-end business process solutions as well as content management solutions.
In 2011, Lexmark was recognized as an MPS leader by IT research firm IDC’s MPS MarketScape report, which analyzes the competitive fitness of companies providing MPS. The study showed that Lexmark earned high marks on its MPS strategy and capabilities, particularly in the areas of customer retention, customer service, operational execution and go-to-market approach.
“Adoption of MPS among Indian enterprises is increasing due to rise in digital content. However, many still work in the traditional hardcopy environment and require strong solutions for managing security risk and regulatory compliance,” said Shailendra Aragula, Country Manager for India, Lexmark. “With our strong leadership in the market, we are well positioned to help Indian enterprises increase productivity and save cost by assessing potential risks to their documents, their information and their network infrastructure, and integrate the appropriate solutions.”
“Lexmark’s aggressive focus on print page reduction is central to our value proposition. We firmly believe that the most cost-effective and sustainable page is the one you never print,” said Chin Hon-Cheng, Vice President, Asia Pacific, Lexmark. “Lexmark’s Managed Print Services takes a holistic view of enterprises’ print output environment to drive out unnecessary printing and create more opportunities to reduce energy use and drive potential cost savings for Indian enterprises of all sizes.”
“At Lexmark, we view our products, solutions and managed print services as the building blocks for higher-performing workplaces, where people are more connected, satisfied, and productive, said Ronaldo Foresti, Vice President, Asia Pacific and Latin America, Lexmark. “We will continue to invest in our Indian operations and have set ambitious targets for next four years. This underscores our commitment in providing the best-in-class solutions to our customers in India.” Bangalore market is very important. In 2011, Lexmark sold products in more than 170 countries and reported more than $4 billion in revenue. Top ten companies are partnered with Lexmark in the field of Education, Health Care, Government and Financial Institutes. In Bangalore we are partnered with companies like Mico Bosch, Hindustan Petroleum, Department of Public Admin and many major companies who are listed in fortune companies, 70% business we do globally and 30 % from US alone he added
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with a broad range of printing and imaging products, software, solutions and services that help customers to print less and save more. Perceptive Software, a stand-alone software business within Lexmark, is a leading provider of process and content management software that helps organizations fuel greater operational efficiency.