Lexmark Announces 2 New Buys
Mar 5th 2013 11:27PM
Updated Mar 5th 2013 11:34PM
On Tuesday, computer-printer maker Lexmark announced two acquisitions that the company says will "enhance and expand Lexmark's capability to capture, manage, and deliver rich media content."
The first purchase, of San Francisco-based Twistage, brings Lexmark "an industry-leading, pure cloud software platform for managing video, audio, and image content."
The second, of Seattle-based AccessVia, gives Lexmark access to software enabling on-demand printing of shelf-edge signs in stores. With this software, a store owner can "quickly design and produce in-store signage for better and more timely merchandising." According to a press release on the purchase, AccessVia already has 75 retail customers using its software to produce product signs in more than 60,000 stores.
Together, the two acquisitions cost Lexmark $31.5 million. Revenues or profits that the company expects to reap from its acquisitions were not disclosed. Nonetheless, investors responded positively to the news, bidding Lexmark shares up 0.9% to end the day at $22.64.
The article Lexmark Announces 2 New Buys originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.