Lexmark combines laser, inkjet printing divisions into single organization

As Lexmark continues to shift its inkjet technology upstream, the combination of the two divisions into ISS enables Lexmark to more easily execute its strategy of targeting and capturing higher usage segments of the output marketplace, from small offices to global enterprises looking for managed print services. This move will also allow the company to further unify its sales, marketing, and research and development (R&D) of new products and services.

Marty Canning, who previously led PS&SD, will lead the new organization as Lexmark executive vice president and president of Imaging Solutions and Services.

Perceptive Software will remain a stand-alone business unit within Lexmark, and will continue to be led by Scott Coons, Lexmark vice president and Perceptive Software president and CEO. Perceptive Software is a leading provider of enterprise content management software. Its software products enable a broad range of industry specific and cross industry workflow solutions, and have the ability to be easily and quickly configured and integrated with a large number of ERP, CRM and line of business applications.

Beginning in the fourth quarter of 2010, segment reporting provided in Lexmark’s public financial statements will include the reportable segments "Imaging Solutions and Services" and "Perceptive Software," as well as an "Other" category that includes centrally managed supply chain, IT, and other costs and operating expenses, primarily G&A.