30 Hottest Tech companies to watch 2019


Lexmark: A Global Imaging Solutions Company

Imaging and printing solutions along with output technology are extremely important for firms across various verticals. But managing and innovating in this space requires deep industry expertise. One of the global leaders in the space is Kentucky-based Lexmark which has been helping companies alleviate their imaging and printing problems for over 25 years now.

Founded in 1991, Lexmark is one of the true pioneers of printing and imaging solutions. The company today sells in over 170 markets worldwide and is headquartered in Lexington, Kentucky. The company’s innovative imaging solutions and technologies have helped companies across retail, financial services, manufacturing, education, government, and healthcare verticals.

In 2016, Lexmark was acquired jointly by Chinese based Apex Technology and PAG Asia Capital for $3.6 billion or $40.50 per share. The deal of acquisition was closed later the same year.

Social responsibility

Lexmark has been around in the industry for a long time now and being a responsible corporation is one of its focus areas. Lexmark places sustainable operation as a part of its corporate vision. The company adheres to the international standards to maintain focus on contributing to the environmental health and safety. The company, today, continues to design products, features, and solutions which help their customers reduce the environmental impact through printing and imaging solutions. The company uses Life Cycle Assessment results in their product design process which helps them develop sustainable products which drive the overall performance through each stage of their life cycle.

A culture that thrives on Diversity

While the company has more than 10,000 people in its global workforce, it is widely known for its work culture which is diverse and inclusive. The diversity is quite simply in the DNA of the company as it has 75 offices located all over the world including the U.S., Europe, Asia, Africa, and Latin America. The company, therefore, is truly a multidimensional family.

Meet the CEO

Allen Waugerman, President and CEO

Mr. Waugerman has been with Lexmark since its inception in 1991. In his tenure, he has held various staff and management positions at Lexmark. He was the senior vice president and the CTO of the company since November 2016 until he was appointed as the President and CEO recently. He began his career at IBM in 1989.

He serves on the board of the YMCA of Central Kentucky and is a Dean’s Advisory Council member for the University Of Kentucky College Of Engineering.

He holds a bachelor’s degree in electrical engineering from the University of Kentucky.

Winner of numerous awards

- Very early this year, Lexmark was honored with the 2018-2019 BLI PaceSetter award for Manufacturing from Keypoint Intelligence-Buyers Lab

-Lexmark won the 2019 Pick of the Year Award for Outstanding Print Environment Management Solution

-The company was announced as the winner of the prestigious 2019 printer/MFP Line of the Year award from Keypoint Intelligence- Buyers Lab (BLI)

-Lexmark earned a perfect score for LGBTQ workplace equality for the 13th time

A Case Study

Founded in1938, Columbia Sportswear is one of the world’s premium manufacturers and retailers of outdoor apparel, footwear and accessories. They have been one of the firm believers in constant improvements to deliver the best products. Technological improvements was also a part of this thought process.

The company had observed that the output environment at Columbia Sportswear had aged, multiplied and had become a nightmare to manage. On top of this, the company also needed to upgrade its output environment to support its environmental stance as old print jobs piled up and the older devices consumed more electricity and generated more heat than newer products.

Columbia Sportswear asked for a proposal from various vendors and solutions providers to solve the issue. Among these, Lexmark’s proposal was the best and the company was chosen as the strategic partner.

Solution

An analysis of the output environment was done which revealed that the apparel brand was operating as many as 176 devices. The total number of devices was reduced to 62 after this analysis. Under the partnership, the old devices were replaced by Lexmark MFPs that could print, copy, fax and scan. Moreover, all the devices in the environment were equipped with Lexmark’s Print Management solution.

Columbia Sportswear saw the benefits immediately in the financial, operational and environmental side of things. The company was able to cut the overall device count by 60%. The overall output costs which included maintenance and supplies reduced by 37%. Even the consumables costs dipped significantly as the annual print volume was reduced by nearly a million pages. Toner use also declined by 6%.

 “Whether your business fills a room or circles the globe, Lexmark offers the imaging solutions, technologies and services you need to succeed.

Lexmark is a provider of printing and imaging products, software, solutions and services that help customers save time and money.

We design our products to be light on environmental impacts; engineer our packaging to reduce materials; and provide environmentally progressive collection and recycling programs.