Ricoh India announces business acquisition in the IT sector

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Ricoh India announces business acquisition in the IT sector

Close on the heels of achieving manifold expansion by offering comprehensive office solutions, new products to enhance customer satisfaction, Ricoh India Limited has acquired Momentum Infocare Private Limited. This is Ricoh India's first business acquisition in the Information Technology sector. The business acquisition will entail that Ricoh India will acquire the competency knowledge and skills of Momentum Infocare to offer a comprehensive range of IT enabled services.

Tetsuya Takano, Managing Director and Chief Executive Officer, Ricoh India Limited remarked, "With the changing business environment, customers are looking for products and services that offer quality, increase efficiencies, and have short turnaround time with prompt after-sales service. The fast-changing Information technology has brought about drastic changes in the working of any organization. Ricoh has completely aligned itself with this transformation. As part of our global mandate and strategy, Ricoh has been making rapid strides in offering advanced solutions by acquiring the skill set and technological knowledge that help our clients to deliver better results. Ricoh envisages over 25% of our new businesses coming from such synergies. The markets for Ricoh US and Europe have also grown phenomenally primarily because of such initiatives".

Gurprit Singh, Director, Momentum Infocare remarked, "We think that now is the right time to join forces with Ricoh India Limited, because there is a huge opportunity to leverage each other's strengths and achieve our long term vision of becoming leading system integrators in the country, delivering happiness to customers, employees, and vendors. Ricoh's presence across the country and strong leadership team would ensure that together we are able to achieve this much faster".

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www.varindia.com

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