Recs

1

Lexmark Announces 2 New Buys

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Tuesday, computer-printer maker Lexmark (NYSE: LXK  ) 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.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2295407, ~/Articles/ArticleHandler.aspx, 4/27/2015 6:22:18 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated Moments ago Sponsored by:
DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASD 5,060.25 -31.84 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

4/27/2015 4:03 PM
LXK $43.72 Up +0.50 +1.16%
Lexmark Internatio… CAPS Rating: **

Advertisement