Lexmark Acquires Pallas Athena To Extend Its Global MPS O

Printer ink firm Lexmark has acquired Netherlands-based Pallas Athena to expand its global portfolio.

In a cash deal, the Dutch company will become part of Perceptive Software - a stand-alone business unit within Lexmark.

Pallas Athena is a leading provider of business process solutions (BPM) and the ink cartridges firm hopes this partnership will build upon, and strengthen, its end-to-end managed print services (MPS).

Paul Rooke, chairman and chief executive of Lexmark, said: "This investment in the BPM market demonstrates Lexmark's continued focus on strategic acquisitions of technologies that strengthen our unique portfolio of leading end-to-end fleet management and business process solutions."

He hopes this new partnership will be attractive to the firm's global enterprise customers and can help expand its MPS offering and Perceptive Software.

Meanwhile, Lexmark recently announced its new MapQuest SmartSolution to make it easier for people to print directions, traffic information and points of interest directly from its all-in-one touch screen printers.

Posted by Canzil Ahmed.