Lexmark

Lexington, United States Founded: 1991 • Age: 35 yrs Acquired By Xerox
IoT and cloud-enabled imaging products are supplied to businesses worldwide.
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About Lexmark

Lexmark is a company based in Lexington (United States) founded in 1991 was acquired by Xerox in December 2024. It operates as a Direct-to-Consumer (D2C), and Managed Services. The company has 340 employees as of March 27, 2024. Lexmark has completed 9 acquisitions, including AccessVia, Acuo Technologies and Brainware. Lexmark offers products and services including Lexmark Printers, Lexmark Supplies, IoT Solutions, and Cloud Services.

  • Headquarter Lexington, United States
  • Employees 340 as on 27 Mar, 2024
  • Stage Public
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Lexmark International, Inc.
  • Date of Incorporation 13 Sep, 2001
  • Jurisdiction Kolkata, West Bengal, India
Operational Areas
Technology → Geospatial, Imaging & Sensing Technology
Key Metrics
  • Annual Revenue
    $16.15 M (USD)
    24.88
    as on Mar 31, 2023
  • Net Profit
    $1.54 M (USD)
    34.6
    as on Mar 31, 2023
  • EBITDA
    $2.02 M (USD)
    27.16
    as on Mar 31, 2023
  • Latest Funding Round
    $550.05 K (USD), Grant

    May 01, 2018

  • Investors
    Xerox

    & 4 more

  • Employee Count
    340

    as on Mar 27, 2024

  • Investments & Acquisitions
    AccessVia

    & 8 more

  • Acquired by
    Xerox

    & 1 more

    (Dec 24, 2024)

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Products & Services of Lexmark

Lexmark offers a comprehensive portfolio of products and services, including Lexmark Printers, Lexmark Supplies, IoT Solutions, and Cloud Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Printers are offered for various business sizes.

Genuine supplies are provided for superior quality.

IoT solutions are delivered for enterprise transformation.

Cloud services are managed for efficient printing.

People of Lexmark
Headcount 10000+
Employee Profiles 458
Board Members and Advisors 8
Employee Profiles
People
Munu Gandhi
President of IT Solutions
People
Megan Sprague
XBS Technology Solutions Executive
People
Billy Spears
Chief Product Development and Delivery Officer
People
Chuck Butler
CFO

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Board Members and Advisors
people
Scott Letier
Director
people
Nichelle Maynard-Elliott
Director
people
Margarita Paláu-Hernández
Director
people
Tami A. Erwin
Director

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Funding Insights of Lexmark

  • Total Funding
  • Total Rounds 1
  • Last Round Grant — $550,053
  • First Round

    (01 May 2018)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2018 Amount Grant - Lexmark Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Lexmark

Lexmark has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Xerox, European Union and Apex. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Alternative investment firm
Founded Year Domain Location
Venture Capital firm focused on multiple sectors
Founded Year Domain Location
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Lexmark

Lexmark has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include AccessVia, Acuo Technologies and Brainware. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
IT support and maintenance services are provided in Kenya.
2008
Intelligent data capture and enterprise search solutions are provided.
2006
EHR and PACS solutions are provided for healthcare facilities.
2002
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Lexmark

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Lexmark Comparisons

Employees
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Competitors of Lexmark

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Lexmark

Frequently Asked Questions about Lexmark

When was Lexmark founded?

Lexmark was founded in 1991 and raised its 1st funding round 27 years after it was founded.

Where is Lexmark located?

Lexmark is headquartered in Lexington, United States. It is registered at Lexington, Kentucky, United States.

How many employees does Lexmark have?

As of Mar 27, 2024, the latest employee count at Lexmark is 340.

What is the annual revenue of Lexmark?

Annual revenue of Lexmark is $16.15M as on Mar 31, 2023.

What does Lexmark do?

Lexmark is established as a provider of imaging solutions, technologies, and services tailored for businesses of all sizes. Operations span across various sectors including banking, government, healthcare, insurance, education, manufacturing, and retail. Solutions such as IoT, cloud services, and AI-powered workflows are offered to enhance efficiency and reduce costs. Printers and multifunction products are designed to be reliable and easy to maintain. Sustainability is prioritized through responsible design and recycling programs across the product lifecycle.

What products or services does Lexmark offer?

Lexmark offers Lexmark Printers, Lexmark Supplies, IoT Solutions, and Cloud Services.

How many acquisitions has Lexmark made?

Lexmark has made 9 acquisitions, including AccessVia, Acuo Technologies, and Brainware.

Who are Lexmark's investors?

Lexmark has 5 investors. Key investors include Xerox, European Union, Apex, PAG, and Legend Capital.

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