Canon takes over Oce operations in India

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Canon takes over Oce operations in India

Canon India and Oce have announced that they will join forces in India. Canon will sell, distribute and service Oce products in the areas of production printing, wide format printing, signage printing and business services.

Commenting on joining forces, Alok Bharadwaj, Senior Vice-President, Canon India, said, "India is a major printing market. The size of the digital printing industry in India is Rs.1,000 crore. The Indian print industry has around 1 lakh offset printers and 1,000 print shop providers. The digital printing industry in India is expected to grow at 25% year on year."

Kensaku Konishi, President & CEO, Canon India, said, "This move enhances our strategy and positions us to become technology leaders, offering greater value products and services to customers and partners of both our companies. With this move, we will change the dynamics of competition in the industry and that will also benefit customers in terms of cost and propositions."

Wil Snijders, Vice-President, Emerging Markets & Direct Export at Oce, said, "In the world of printing, there is no bigger or more exciting growth opportunity than India. I am looking forward to expansion in Oce's business now as Oce has joined forces with Canon. There is a great fit between our companies."

Canon India will be handling the Océ business portfolio and will be the single interface across a range of products targeting multiple segments, including Offset printing, transaction printing, bill printing, signage printing, photo arts printing, CAD and GIS printing.

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more