Lexmark, Tender Offer For ReadSoft
Lexmark International, Inc. (NYSE: LXK) announced the commencement of a cash tender offer for all of the outstanding shares of Sweden-based ReadSoft (NASDAQ OMX: RSOF-B). ReadSoft’s Board of Directors has unanimously recommended in favor of Lexmark’s tender offer, and it is also supported by ReadSoft’s two largest shareholders.
ReadSoft is a leading global provider of software solutions that automate business processes, both on premise and in the cloud. Its software captures, classifies, sorts and routes both hard copy and digital business documents, provides approval workflows, and automatically extracts and verifies relevant data before depositing it into a customer’s systems of record.
ReadSoft is recognized in the industry for its strong integrations with leading ERP systems such as SAP and Oracle, for applications that include invoice processing, accounts payable automation and sales order processing. Its software also automates a wide variety of business processes that include claims, applications, and questionnaire processing across a number of targeted industry segments.
ReadSoft has over 12,000 customers worldwide, operates in 70 countries and has more than 350 channel partners. ReadSoft also has many enterprise customers diversified across multiple industries, including manufacturing, retail, banking and insurance, and the public sector. Well-known enterprise customers include BASF, Siemens, Bosch, HSBC Bank, ING, Lego and John Deere.
