Tuesday, April 07, 2015

Xerox Leaves Door Open for Kofax Bid

Here's the statement I received from Xerox after asking for a comment on Lexmark's $1B bid to acquire Kofax: "While we cannot comment on Lexmark’s decision to acquire Kofax, we can say that today we are more confident than ever in our capability to deliver outstanding Next Generation Managed Print Services, Document Outsourcing and workflow to our customers and prospects. If and when the transaction is completed, we will re-evaluate our strategic partnership with Kofax.  In the meantime, we will continue to maintain our partnership with them to support  existing customer engagements where Kofax has been adopted. We are committed to open standards and when customers choose Xerox and another partner or competitor, we will work diligently to ensure that their environment works flawlessly."

Sounds to me like their might be conversations brewing within Xerox to make a higher bid, as I don't know what else could prevent the transaction from being completed. The "if and when" certainly makes it sound like Xerox is not considering this a done deal. If the deal is completed, it also certainly sounds like Xerox will be moving on from Kofax.

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