Background Of Lexmark
Since the company was founded in 1991, Lexmark has quickly built up its name based on the full range of laser printers that it tends to offer. Lexmark become publicly traded in 1995, appearing on the New York Stock Exchange that year. The company's headquarters are based within Lexington in Kentucky, where it operates a global distribution center. Lexmark has since become capable of sending out a wide variety of different products, building together a vast consumer base. Its printers have become popular for both individual consumers and business operations. But the firm is also committed to developing all different types of business solutions, which will appeal to many out on the market. Lexmark is committed to supporting its research and development (R&D) offices throughout the world as well. It has prominent R&D locations that are situated in cities such as Boulder, Kansas City and Kolkata. Throughout its entire worldwide offices, Lexmark currently employs around 13,000 people out there. The company also maintains a vast distribution network, owing to all the different types of business services that it tends to offer throughout the world. This has allowed it to develop its role as a global distributor, who has quickly change the way that these services tend to be supplied to people out there.
Products Offered by Lexmark
There are a full range of printers that are now sold under the Lexmark brand. The company is perhaps best known for offering a wide array of different laser jet printers, since these offer the most precision. Most people will appreciate that Lexmark incorporates a touchscreen control mechanism in to the way that they tend to operate. This touchscreen has made it easier than ever for people to adjust the print work that they want to have completed for their printer. Over the past few years, Lexmark has actually developed its own line of enterprise content management. There are a few different types of managed printer services that are available through this company soon. Lexmark has sold a wide variety of different toner and printer ink cartridges through their website. But the company announced that it would cease manufacturing its line of printer ink during the course of 2012, owing to rising cost concerns.
Competitors Faced By Lexmark
Since Lexmark has entered in to the market for printer technology, the firm has faced down some competition. This is owing to the fact that the company itself has designed and produced a fair share of its own unique printer technologies. But it has managed to acquire many competing and similar brands over the years as well. For instance, during the course of 2010 Lexmark managed to bring on board Perceptive Software. This has allowed Lexmark to develop Enterprise Content Management (ECM) for consumers throughout the world. Lexmark has also started to produce Business Process Management (BPM) during the same time frame. Though its earnings have dipped below $4 billion during the course of 2012, the company has expanded its offerings over time. This has allowed it to produce a fair amount of content for people out on the market as well.