TechTaffy

tech:

taffy

Xerox to acquire Lexmark

By TechTaffy Desk

Xerox has announced plans to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda Investment Centre for $1.5 billion. The deal, which includes assumed liabilities, aims to combine both companies’ print technology and managed services capabilities.

The merged organization will serve 200,000 clients across 170 countries, operating 125 manufacturing and distribution facilities in 16 countries, according to the companies.

The transaction requires regulatory approvals and Ninestar shareholder approval. Both companies will operate independently until the deal closes, expected in the second half of 2025.

Read the blog post by Lexmark president and CEO Allen Waugerman on the acquisition here.

Just in

Around the web

The US Treasury Department was hacked — The Verge

The threat actor stole a key used by BeyondTrust “to secure a cloud-based service used to remotely provide technical support for Treasury Departmental Offices (DO) end users, writes Emma Roth.
Around the web

ChatGPT search tool vulnerable to manipulation and deception, tests show — The Guardian

OpenAI’s ChatGPT search tool may be open to manipulation using hidden content, and can return malicious code from websites it searches, a Guardian investigation has found; writes Nick Evershed. 
Public Sector

SAIC secures $170.9M cybersecurity contract with Texas Department of Information Resources

Science Applications International Corp. (SAIC) has been awarded a $170.9 million contract by the Texas Department of Information Resources (DIR) to provide cybersecurity services.
Series A

Infinant raises $15M

Charlotte, NC-based Infinant, a bank platform provider, has raised $15 million in a Series A funding round.
AI

Lockheed Martin partners with IBM to enhance AI tools for defense applications

Lockheed Martin is integrating IBM’s Granite large language models (LLMs) into its AI Factory.