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Bidding war to capture ReadSoft

Lexmark has upped its bid for enterprise capture specialist ReadSoft, to counter a competitive offer that emerged on June 18 from ECM vendor Hyland Software. ReadSoft reported $US117M in annual revenue in 2013, and the new bid from Lexmark is valued at roughly $US194 million. Lexmark is seeking to extend the growing portfolio of solutions for managing unstructured data in its Perceptive Software business. Read More...

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