Lexmark is an American technology brand best known for printers, multifunction printers (MFPs), imaging systems, print-management software, document workflow solutions and managed print services. Founded in 1991 as a spin-off from IBM, Lexmark evolved from a printer-hardware company into a broader provider of enterprise imaging, cloud, IoT, security and workflow technologies.1

A significant change in its corporate history occurred on 1 July 2025, when Xerox completed its acquisition of Lexmark for approximately US$1.5 billion. As of 2026, Lexmark operates as part of Xerox, while the Lexmark brand continues to be used for products and services.2

Lexmark describes its business as providing printing and imaging products, software, solutions and services, with operations serving customers in more than 170 countries.3

IBM origins

Lexmark’s roots are closely connected to IBM’s printing and information-products business. In 1991, IBM spun off its printer-related operations to create Lexmark International, giving the new company a substantial technological heritage in electrophotographic printing, printers, supplies and document-output technology.4 The company was established in Lexington, Kentucky, which remains its corporate home, and subsequently became an independent technology company rather than simply an IBM printer division.

Public listing and expansion

Lexmark became publicly traded on the New York Stock Exchange in 1995 and operated as an independent listed company for more than two decades. During this period, it became particularly associated with laser printers and business printing, competing with companies such as Hewlett-Packard, Canon, Xerox, Ricoh, Brother and Epson.

Its business increasingly expanded beyond physical hardware into print management, document capture, enterprise content management, workflow automation, software, managed print services, information security and cloud services. This transition reflected growing demand from enterprise customers for management of the entire document and information lifecycle rather than mere hardware procurement.

Expansion into software

A pivotal strategic shift involved Lexmark’s expansion into enterprise software. In 2010, the company acquired Perceptive Software, an enterprise content-management firm that helped Lexmark move into document management, workflow, information capture and business-process automation.

In 2015, Lexmark acquired Kofax in a transaction valued at approximately US$1 billion. Kofax specialised in information capture, process automation and related enterprise software.5 These acquisitions reflected a strategy to manage not only printed documents but also the digital information and business processes surrounding them, positioning Lexmark as an enterprise imaging and information-technology company rather than solely a printer manufacturer.

Private ownership

In 2016, Lexmark was acquired by an investor consortium led by Ninestar, taking the company private after approximately 21 years as a publicly traded entity. During its private-company years from 2016 to 2025, Lexmark continued developing business printers, colour laser printers, multifunction devices, managed print services, cloud services, print-security technologies, IoT-connected devices and workflow software.

Acquisition by Xerox

In 2024, Xerox announced an agreement to acquire Lexmark. The acquisition was completed on 1 July 2025 with a transaction value of approximately US$1.5 billion including assumed liabilities.6 The combination brought together complementary strengths: Lexmark contributed expertise in A4 printers and MFPs, colour printing, enterprise and departmental printing, Asia-Pacific markets, managed print, connected imaging devices and print software; Xerox brought strengths in production printing, A3 printing, digital workplace services, IT services, workflow, document technologies and large-enterprise relationships. Xerox has stated that the combined organisation is intended to provide a broader portfolio of printers, MFPs, managed print services and digital/IT solutions.7

Prior to July 2025, Lexmark was an independent company owned by the investor consortium led by Ninestar. Following the completion of the acquisition, Lexmark became part of Xerox. Lexmark’s own brand guidelines explicitly state that “Lexmark is now part of Xerox”.8

Xerox did not eliminate the Lexmark brand; Lexmark products and technologies continue to exist within the combined company’s portfolio. For example, in 2026 Xerox continued selling and supporting Lexmark’s 9-Series A3 devices and integrating Lexmark technologies into Xerox’s wider portfolio.9

As of August 2026, Lexmark is no longer an independent publicly traded company, is no longer controlled by Ninestar and is no longer a standalone competitor to Xerox. Xerox’s 2026 communications refer to the successful acquisition and integration of Lexmark.18

Printers

Lexmark’s traditional core is business printing and imaging. The company produces various types of business printers including monochrome laser printers, colour laser printers, small-workgroup printers, departmental printers, enterprise printers, A4 printers and A3 printers. Lexmark has historically concentrated heavily on the business and enterprise market rather than competing primarily in the consumer inkjet market.

Multifunction printers

A major part of Lexmark’s portfolio consists of multifunction products (MFPs). An MFP can combine functions such as printing, scanning, copying, faxing, document routing, cloud connectivity and secure print release. For businesses, an MFP effectively acts as a networked document-processing workstation rather than merely a copier.

Software solutions

Modern Lexmark solutions include software for print management, allowing organisations to control who can print, what users can print, where documents are printed, printing quotas, print costs and secure document release. Lexmark’s cloud platform continues to receive updates in 2026, including capabilities for cloud fleet management, print quotas, print policies and secure printing.10

For fleet management, Lexmark’s cloud-management technology allows IT departments to monitor and manage printer fleets remotely. Functions include device monitoring, supplies monitoring, printer enrollment, usage analytics, device tagging, remote management and fleet reporting.

In document workflow, Lexmark addresses the space between paper documents and digital information through processes such as scanning, OCR/capture, digital information processing and integration with business applications. This is why Lexmark increasingly describes itself in terms of cloud-enabled imaging and IoT technologies rather than just printing.11

Managed Print Services

Managed Print Services (MPS) is another major Lexmark business. Instead of an organisation simply purchasing printers, a managed-print provider can take responsibility for much of the printing environment, including monitoring, maintenance, supplies, security and analytics. This approach aims to lower administrative burden and potentially reduce printing costs. Lexmark has developed a strong position in this area and describes managed print as one of its established capabilities.12

Lexmark is primarily a B2B technology brand serving organisations across multiple sectors.

• Manufacturing: Factories and industrial companies use Lexmark systems for production documentation, shipping labels, inventory information, administrative printing and workflow automation.
• Healthcare: Hospitals and healthcare organisations use printing and document systems for patient documentation, forms, identification, administrative workflows and secure printing.
• Financial services: Banks and financial organisations have substantial document-management requirements with an emphasis on security, compliance, workflow and high-volume printing.
• Retail: Retail is an important area for Lexmark, particularly because stores can require large numbers of networked devices. Lexmark and Xerox have also highlighted technologies for store operations, signage and vision AI following their combination.12
• Government: Government organisations are a major customer group. Lexmark says it has maintained a relationship with the U.S. government for more than 25 years and serves federal, state and local government customers.13
• Education: Schools, universities and other educational institutions use Lexmark equipment for large-scale document production and administration.

Printer security has become increasingly important because modern printers are effectively network-connected computers with scanners, storage, operating systems and cloud connectivity. Lexmark emphasises security features across its devices and software, including secure print release, user authentication, access controls, encryption, network security, firmware security, device certificates and security monitoring. Its 2026 software releases include support for secure print workflows and certificate validation.11

Lexmark has increasingly positioned its products as connected devices. A modern enterprise printer can communicate information about toner levels, device status, errors, usage, network connectivity, maintenance and print volume to cloud-management systems. Lexmark describes this broader strategy as cloud-enabled imaging and IoT technologies. This represents a shift from viewing printers as standalone hardware to treating them as connected document-processing platforms that can be monitored and managed.

Sustainability is an important component of Lexmark’s corporate positioning. The company says it focuses on the circular economy throughout the printing lifecycle, including product design, energy efficiency, efficient use of materials, reuse, recycling and responsible end-of-life management. This is particularly relevant to enterprise customers because a large organisation may operate thousands of printing devices, where small improvements in energy consumption, toner usage, paper usage and equipment lifecycle can become significant at scale.

Lexmark is headquartered in Lexington, Kentucky. The company says it serves customers in more than 170 countries. Its historical manufacturing facilities have included locations in Boulder, Colorado, and Juárez, Mexico.14 Lexmark’s technology and operations have had a global footprint across North America, Europe, Asia and other regions.

The company’s international presence is particularly significant in the Asia-Pacific region, where Lexmark has historically had considerable strength. Xerox specifically identified Lexmark’s Asia-Pacific presence as one of the complementary strengths in the combined organisation.

Lexmark maintains a Singapore presence and markets its printing, imaging, software and services throughout the region. Its Singapore operation describes Lexmark as an imaging and IoT solutions leader, with offerings spanning printing, imaging, software, solutions, services and sustainability. The Asia-Pacific market is particularly important in the post-Xerox era because Xerox has identified Lexmark’s regional strength as complementary to its own global footprint.15

Lexmark’s brand positioning has changed considerably over its lifetime. Its earlier identity was strongly associated with printers, toner and business printing. Its later identity emphasised hardware, software, services, workflow, cloud and IoT, positioning the company as an enterprise imaging and information technology provider.

The company’s official brand guidelines identify four core brand characteristics: Focus, Expertise, Accessibility and Authenticity. This reflects Lexmark’s effort to position itself as a technology partner rather than simply a hardware supplier.

The current corporate structure places Lexmark under Xerox Holdings Corporation via Xerox. Lexmark remains an identifiable brand but is no longer an independent corporate group in the way it was before July 2025.

Xerox has been integrating Lexmark’s sales organisation, products and technologies into its broader business. In February 2026, Xerox announced a unified global print go-to-market structure combining Xerox and Lexmark sales capabilities.16 In June 2026, Xerox introduced new A4 colour printers and MFPs under the Xerox brand using the combined capabilities of Xerox and Lexmark. This suggests that the long-term direction involves Lexmark technology becoming increasingly integrated into Xerox’s overall portfolio.

At the consumer/software level, integration is already visible. Xerox announced that the Lexmark App reached end-of-life on 27 February 2026, with customers directed toward the Xerox Easy Assist App, which supports both Xerox and Lexmark printers.14

Historically, Lexmark has competed in different parts of the printing and document-technology market against companies including HP, Canon, Ricoh, Xerox, Konica Minolta, Kyocera, Brother and Epson. The exact competitive set depends heavily on the product category:

• Home/consumer printing: HP, Canon, Epson, Brother
• Office laser printing: HP, Brother, Canon, Kyocera, Lexmark
• Enterprise MFP: Xerox, Ricoh, Canon, Konica Minolta, Kyocera, Lexmark
• Managed Print Services: Xerox, HP, Canon, Ricoh, Lexmark and other specialised providers

Lexmark’s historical sweet spot has generally been business and enterprise printing, particularly where reliability, security, fleet management and service matter.

Lexmark is a long-established American enterprise printing and imaging technology brand, founded as an IBM spin-off in 1991 and now owned by Xerox. Its portfolio encompasses business printers and multifunction devices as well as print management, cloud, security, workflow, IoT and managed print services. The brand’s greatest historical strength is business printing, particularly reliable laser printing and enterprise document environments.

Its more recent significance lies in its transformation from a printer manufacturer into a broader information and workflow technology provider, followed by its acquisition by Xerox in 2025. As of 2026, Lexmark is best understood not as a standalone printer company but as one of the technology legacies and product portfolios incorporated into the larger Xerox organisation.17

1. Frequently Asked Questions | Lexmark United States
2. Company Overview | Lexmark United States
3. SEC
4. Messaging guidelines
5. Lexmark Newsroom
6. Better together: Lexmark and Xerox sign a transformative deal | Lexmark United States
7. Company Overview
8. Company Overview
9. Xerox Expands Unified Market Approach with Broader A3 Portfolio Following Lexmark Acquisition | Xerox Newsroom
10. Lexmark Cloud Release Notes
11. Lexmark Support
12. Xerox and Lexmark Debut Unified Retail Tech at NRF 2026 | Xerox Newsroom
13. Lexmark Governance
14. Solutions and Software Bulletin
15. About Us
16. download
17. XEROX NOMEIA CRISTIANA LANNES COMO GENERAL MANAGER NO BRASIL E REFORÇA ESTRATÉGIA APÓS AQUISIÇÃO DA LEXMARK – Notícias Xerox
18. Xerox Completes the Acquisition of Lexmark, Uniting Two Industry Leaders | Xerox Newsroom