Lexmark Merges Printing Divisions
Printer ink maker Lexmark has announced it will combine its two printing divisions. Its Printing Solutions and Services Division (PS&SD) and Imaging Solutions Division (ISD), will be named Imaging Solutions and Services (ISS), the firm said in a statement.
Lexmark is merging its printing arms as it expands its inkjet technology upstream, targeting "higher usage" sectors of the output marketplace, whether they be offices and large enterprises. Marty Canning, who formerly oversaw PS&SD, will head the new entity as Lexmark executive vice president and president of ISS.
"Lexmark's strategy of shifting our inkjet technology upstream to high usage business customers now offers us the opportunity to simplify and unify our processes across our research and development, marketing and sales teams into a single organisation, Imaging Solutions and Services," said Paul Rooke, Lexmark president and chief executive officer.
Last month (October 26th), Lexmark announced third-quarter revenue of $1.020 billion (£632 million), up from $958 billion in the same period last year.
Posted by Barry Ashmore