Lexmark acquires Pallas Athena

E-Invoicing Platform reports.

Pallas Athena is a provider of business process management (BPM), document object model (DOM) and process-mining software, with significant industry experience in the insurance, government and life sciences segments. Pallas Athena's software products enable a broad range of BPM capabilities, which includes dynamic case management and customer communications management.

PR Newswire states that the rapidly growing BPM software market is closely adjacent to Perceptive Software's existing enterprise content management (ECM) market.

Lexmark will further strengthen its industry-leading fleet management solutions and services with a broader range of workflow solutions that are more functional, and easier to implement and use than existing tools available in the market today.

Lexmark's acquisition of Pallas Athena will enable Perceptive Software to expand its EMEA region presence, while concurrently leveraging the company's growing worldwide sales force to sell these software solutions globally, Market Watch notes.

"This investment in the BPM market demonstrates Lexmark's continued focus on strategic acquisitions of technologies that strengthen our unique portfolio of leading end-to-end fleet management and business process solutions," said Paul Rooke, Lexmark's chairman and CEO.