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InfoPrint Solutions Company is a leading provider of output solutions for business customers from small business to large enterprises.
The company was created in January 2007, through a joint venture between Ricoh and IBM’s Printing Systems Division (NYSE: IBM). For
more than 20 years, IBM and Ricoh have had a strategic partnership to collaborate on a number of innovations, including leading-edge
imaging technologies and powerful production output solutions.
InfoPrint Solutions Company (InfoPrint) combines IBM's 40 plus years of enterprise printing experience with Ricoh’s office solutions leadership,
and places advanced research and development capabilities at the heart of its offering. Its combined hardware, software and services provide
customers with the broadest range of products and services in the marketplace.
The venture is further supported by IBM's powerful worldwide distribution and sales network, complete information technology solutions and
leading financial services through IBM Global Finance.
InfoPrint Solutions Company has 1,200 employees working across several countries. Its worldwide headquarters are located in Boulder,
Colorado, the former headquarters of the IBM Printing Systems Division. Tony Romero is President and Chief Executive Officer of InfoPrint. For a table of
key executives see the executives page.
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The agreement between IBM and Ricoh was closed on June 1 2007
and Ricoh initially acquired 51 percent of the joint venture. It will progressively
acquire the remaining 49 percent over the next three years as the joint venture
evolves into a fully owned subsidiary of Ricoh.
As consideration for the transaction, IBM received $725 million in
cash upon closing, which includes a management fee of $35 million. The cash
received is consideration for the initial 51 percent acquisition of the joint
venture by Ricoh as well as a prepayment for the remaining 49 percent to
be acquired and certain royalties and services to be provided by IBM to the
InfoPrint Solutions Company. Final consideration for this transaction will
be determined at the end of the three-year period based upon the participation
in the profits and losses recorded by the equity partners. The initial transaction
was completed in the second quarter of 2007. The eventual transfer of the
IBM Printing Systems Division to Ricoh has enabled IBM to continue to refine
its focus on its strategic businesses and the clients of those businesses.
InfoPrint Solutions is central to Ricoh's efforts to become a leading
global provider of output and print solutions, and will become a core business
and infrastructure that can address complex solutions and mission critical
environments.
A global leader in digital office solutions, Ricoh constantly creates
new value at the interface of people and information, offering a broad range
of digital, networked products, including copiers, printers, fax machines,
semiconductor related products, DVD/CD media and digital cameras. Ricoh operates
in over 100 countries and employs 79,000 people worldwide. Consolidated revenue
for the year ending March 2006 was $16.4 billion. For additional information
about Ricoh, please visit www.ricoh.com
For further information on IBM's Printing Systems Division, go to www.ibm.com/printers
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