Thread regarding Lexmark International Inc. layoffs

Lexmark sells Perceptive Software, layoffs follow

Layoffs have both preceded and followed the sale of Perceptive Software from Lexmark to Hyland - so much for saving the company and people working there. There are no concrete numbers, but considering that there are around 300 people left in what used to be 750 people location in Lenexa, it becomes clear how bad it was.

https://www.bizjournals.com/kansascity/news/2017/07/25/lexmark-perceptive-software-hyland-thoma-bravo.html

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An undisclosed number of software workers in Lenexa lost their jobs Friday following Lexmark International’s sale of its Perceptive Software operations.

On July 10 Lexmark, based in Kentucky, sold Perceptive Software and two other business software companies, Kofax Ltd. and ReadSoft. The buyer was Thoma Bravo, a private investment firm with offices in San Francisco and Chicago.

Thoma Bravo combined the other two companies under the Kofax name. It sent its newly acquired Perceptive Software operations, including those in Lenexa, to another Thoma Bravo company called Hyland Software Inc., which is based in the Cleveland area.

Hyland spokeswoman Alexa Marinos said the company acquired Perceptive’s product line and 700 Perceptive employees, including 300 in Lenexa. She acknowledged that the move included “employee separations” but declined to say how many were let go or how many worked for Perceptive Software in Lenexa before the cuts.

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Post ID: @eiuz+OsI8FBn

acquisition ALWAYS brings layoffs

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