Lexmark Awarded 5-Year, $21 Million Printing Contract From FAA

Company offers more than just paper and ink with innovative mobile device software and security solutions.

Lexmark International, Inc. (NYSE: LXK) has been awarded a five-year (one base year and four one-year options) contract valued at $21 million that will make it the sole provider of printing technology for the Federal Aviation Administration (FAA).

Lexmark will utilize its proven track record in optimizing heavily distributed printing environments to bring greater efficiency, user productivity and cost reductions to more than 900 FAA locations across the U.S. Additional agencies within the U.S. Department of Transportation can also take advantage of this contract to access Lexmark’s innovative products and solutions for improved output infrastructures.

Lexmark technology will support the stringent printing and scanning security requirements set forth by the federal government to protect confidential information. The FAA will have greater control over its documents by using Personal Identity Verification (PIV) cards to access print, copy, scan and fax features through Lexmark’s secure Print Release, a solution that is integrated into Lexmark’s smart workgroup printers and multifunction products (MFPs) for strong user authentication, data security and information assurance.

The FAA will also gain increased visibility to its output fleet through Lexmark’s award-winning Markvision Enterprise fleet management tool. This Web-based remote management software allows IT administrators to proactively monitor printer fleets from a central location in order to collect valuable information and troubleshoot devices effectively to minimize downtime.

In order to gain a portion of the rapidly growing software industry and reduce dependence on hardware devices, Lexmark has recently acquired three companies, namely ISYS Search Software, Noji Corp, and BDGB Enterprises. Along with its U.S. subsidiary Brainware, Inc., these new acquisitions give Lexmark the capacity to increase its Perceptive Software business, which was itself acquired in 2010 to help Lexmark enter the enterprise content management market.

To view the entire Lexmark press release, click here

PayStream research shows that companies are continually realizing the need to increase automation and improve workflow.  Automation solutions such as the ones provided by Lexmark allow businesses to be industry leaders in creating an efficient work environment across multiple locations, without sacrificing security. To further your education on the benefits of advanced technology integration, download PayStream’s FREE report titled Imaging and Workflow Automation: Better, Faster, Stronger.

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