InfoPrint Solutions Expands Globally
November 6, 2007 Alex Woodie
InfoPrint Solutions Company, the former IBM printing division that is now operated as a joint venture between IBM and Ricoh, has grown its presence around the world five months after becoming semi-independent, the company reports.
IBM sold its printer unit to Ricoh in January for $725 million. As part of the deal, the two companies entered into a three-year agreement to jointly operate the InfoPrint Solutions Company, with Ricoh owning a 51 percent stake and IBM taking 49 percent.
During that time, the company has also been working on building a sales channel. Last week, it announced that it’s expanded its reach into 15 regions in 36 countries around the world. According to Bob Kilcullen, senior vice president of product marketing for InfoPrint, that shows that things are going well for the company.
“We have seen two consecutive quarters of strong growth since the company was launched, particularly in emerging markets,” Kilcullen says. “With the ongoing support of a strong parent like Ricoh and our heritage and experience in the industry through IBM, we are committed to innovation, meeting customers’ needs, and strengthening our production print portfolio.”