Minneapolis medical software firm Acuo acquired by Lexmark

  • Article by: ADAM BELZ , Star Tribune
  • Updated: January 3, 2013 - 10:06 AM

Minneapolis-based Acuo Technologies, a medical software company, has been acquired by Lexmark International, the two firms announced late Wednesday.

Lexmark, based in Lexington, Ky., will buy Acuo for about $45 million.

Acuo stores, distributes, tracks and migrates digital medical images. National governments, university medical centers and urban and regional acute care centers and companies use Acuo's software and services, primarily in North America and Europe. The firm will become part of Perceptive Software, a Lexmark company.

"Combining Acuo Technologies' clinical content solutions with Perceptive Software's content and process expertise allows us to offer healthcare customers more compelling end-to-end solutions that integrate and manage both medical image and document-centric patient information, all integrated with the EMR," said Jeff Timbrook, CEO of Acuo Technologies. "We look forward to presenting this broad offering to existing Acuo Technologies, Perceptive Software and Lexmark healthcare customers."

Acuo Technologies, with headquarters in Minneapolis, was founded in 2000.

Lexmark International, Inc. (LXK) provides businesses of all sizes with printing and imaging products, software, solutions and services that help customers print less and save more. In 2011, Lexmark sold products in more than 170 countries and reported more than $4 billion in revenue.

Adam Belz • 612-673-4405 Twitter: @adambelz

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