Perceptive hopes your company is receptive to its document management tools. The company provides software and services that companies use to manage documents, workflows, and other enterprise content. Its ImageNow software suite includes tools for document and content capture, integration, imaging, Web publishing, and workflow management. Its customers include Asante Health System, Georgia Tech, Novant Health, and Vulcan Materials. Perceptive has technology alliances with such companies as Canon, Hewlett-Packard, IBM, Microsoft, and SAP. It sells products in 30 countries worldwide, but gets most of its sales in the US. Perceptive is a subsidiary of Lexmark International.
Lexmark saw Perceptive, which it bought in 2010 for $280 million in cash, as a complementary, fast-growing software business that aligned with its own target market. The transaction allows the big printer manufacturer to move into the adjacent market for enterprise content management software. In late 2010 the companies announced their first joint product, Interact for Lexmark, which integrates Perceptive's ImageNow suite into Lexmark's multifunction printers.
Perceptive markets its ImageNow suite and other imaging and document management applications directly and through resellers and system integrators worldwide. The company expanded its international presence in 2010 when it added an office in the Netherlands and grew its international workforce by about one-third. In early 2011, it added a European general manager to oversee its international growth.
Building on Perceptive's new presence in the Netherlands, Lexmark bought Dutch business process management software company Pallas Athena in 2011 for about $50 million in cash. Pallas Athena, with offices in the US, the Caribbean, the UK, Germany, and Belgium, will become part of Perceptive and help expand the company's endeavors in Europe, the Middle East, and Africa. The following year, Lexmark bought Brainware, a provider of intelligent data capture software, for $148 million. The acquisition is part of Lexmark's push to strengthen and differentiate its managed print services offerings; Brainware was combined with Perceptive to round out its process and content management products.
For 2010, the company reported sales of $37 million for the period since its acquisition by Lexmark, though that revenue amount includes $13 million of acquisition-related adjustments that reduced its sales. Perceptive will operate as a stand-alone subsidiary of Lexmark.