Perceptive Software sale triggers layoffs in Lenexa, though no one says how many
An undisclosed number of software workers in Lenexa lost their jobs Friday following Lexmark International’s sale of its Perceptive Software operations.
On July 10 Lexmark, based in Kentucky, sold Perceptive Software and two other business software companies, Kofax Ltd. and ReadSoft. The buyer was Thoma Bravo, a private investment firm with offices in San Francisco and Chicago.
Thoma Bravo combined the other two companies under the Kofax name. It sent its newly acquired Perceptive Software operations, including those in Lenexa, to another Thoma Bravo company called Hyland Software Inc., which is based in the Cleveland area.
Hyland spokeswoman Alexa Marinos said the company acquired Perceptive’s product line and 700 Perceptive employees, including 300 in Lenexa. She acknowledged that the move included “employee separations” but declined to say how many were let go or how many worked for Perceptive Software in Lenexa before the cuts.
“I can confirm that Hyland acquired the majority of Lexmark Enterprise Software employees in Lenexa,” Marinos said in an email.
The Lenexa job cuts were part of a 10 percent layoff at Perceptive Software and Kofax combined, according to an email Kofax CEO Reynolds C. Bish sent to employees of those companies on July 10.