INFOPRINT SOLUTIONS COMPANY JOINS RICOH FAMILY GROUP OF COMPANIES AS A WHOLLY OWNED SUBSIDIARY
Three-year joint venture between IBM and Ricoh reaches its scheduled conclusion
West Caldwell, NJ, June 30, 2010 - InfoPrint Solutions Company today announced that it has become a wholly owned subsidiary of Ricoh Company, Ltd., bringing the three-year joint venture between IBM and Ricoh to its planned completion. InfoPrint Solutions helps enterprises and print-for-pay customers increase revenue and reduce costs within highly complex, digital print environments.
“We are extremely excited for InfoPrint Solutions to fully join Ricoh as we continue to expand our ability to fulfill requirements for customers who manage mid-to-high volume output,” said Shiro Kondo, President and Chief Executive Officer of Ricoh. “With a complete line of industry-leading, analyst-endorsed solutions consisting of printers, professional services and software, InfoPrint Solutions fits perfectly into our family. Built on a rich IT heritage, InfoPrint will enable the Ricoh family to offer even more broad-reaching service, support and technically superior solutions for our customers.”
InfoPrint Solutions combines IBM's 50 years of enterprise printing experience with Ricoh’s office solutions and production printing expertise, placing advanced research and development capabilities at the heart of its solutions. The company specializes in delivering and implementing market-leading Automated Document Factory (ADF), data-driven Precision Marketing and best-of-breed Print On-Demand solutions, along with award-winning hardware and professional services. These solutions and services provide businesses with truly customized offerings to address unique challenges, increase cost savings and enable a higher and faster return on investment (ROI).
Where a customer has multiple or complex needs, InfoPrint Solutions and Ricoh will offer the best solution for the customer, ensuring seamless service and support – before during and after implementation.
“When we embarked on the joint venture in June of 2007 we looked with great anticipation toward this day. And just as we started a new journey three years ago, we are starting another today,” said Daisuke Segawa, President and Chief Executive Officer of InfoPrint Solutions. “We bring key differentiators to the industry illustrated by our solutions-centric philosophy, and we are looking forward to continuing to enable our customers’ ongoing success through our expanded reach as a part of Ricoh.”
InfoPrint Solutions was formed on June 1, 2007 as a joint venture between IBM’s Printing Systems Division and Ricoh. Over the past three years, ownership has increasingly transferred from IBM to Ricoh. This transition period concludes on June 30, 2010.
For more information about InfoPrint Solutions’ business transformation, please visit http://www.infoprint.com/internet/wwsites.nsf/vwwebpublished/ai_transhome_xn
About InfoPrint Solutions
InfoPrint Solutions Company, a Ricoh company, is a leading provider of digital output solutions. It is built on IBM’s 50 years in the production print space and Ricoh’s excellence in technology innovation. Go to www.infoprint.com for more information. Follow us on Twitter at www.twitter.com/infoprint or at www.twitter.com/adfsavings.
Ricoh Company, Ltd (“Ricoh Company”) is a global technology leader, specialising in the office and production printing markets. Ricoh works with organisations around the world to modernise work environments and optimise document efficiency.
With over 108,500 employees worldwide, it operates in Europe, the Americas, Asia Pacific, China and Japan. In the fiscal year ended 31 March 2010, revenues from Ricoh's EMEA operations totalled over YEN 458.5 billion. Ricoh Company's worldwide sales totalled over YEN 2,016 billion during the year ended 31 March 2010. www.ricoh.com