Canon seeks to expand printing business in India: join hands with Monotech

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Canon seeks to expand printing business in India: join hands with Monotech 
Canon India(NYSE:CAJ) has reportedly made an announcement that the company is strengthening its partnership with Monotech Systems Ltd for its Wide Format printing business.
Monotech is the national partner for Canon for the Wide Format products in India and currently the only partner to sell and serviceOce range of products. The southern region is one of the largest markets for Graphic Arts business and quick print shops. Technical document systems (TDS) products are primarily sold to quick print shops and a total of 50% of sales comes from this business.
Dr. Alok Bharadwaj, Executive Vice-President, Canon India, said, "The wide format printing market is growing in India and Canon foresees this as a huge business opportunity. We decided to further extend our relationship with Monotech owing to their PAN India presence, strong technical support and sales team and the option of multi-location billing.  We look forward to a more enriching business with Monotech as a partner who would bring business worth Rs.30 crore by 2015. Canon plans to expand its graphic business further and with Monotech’s wide reach and support we will be able to explore new markets."
T. P. Jain, Managing Director, Monotech Systems, said, "We are privileged to be associated with Canon and are happy to leverage its expertise in the Wide Format Printing and Display Graphics Business. We have now formed a new SBU (Strategic Business Unit) within Monotech to focus on Canon / Oce product range and we expect this SBU to contribute significantly to our business turnover in the next few years. With our domain knowledge, strong sales and technical support expertise, we will be able to help Canon spread its business across the country. This will also be a learning opportunity for Monotech as we enter a new phase of selling Canon IPF, Oce Arizona and Oce TDS products - the best in the industry from Canon."
Monotech has already been a partner with Canon for the last four years and is specifically handling imagePROGRAF business of Canon. With this new engagement, Monotech will now be equipped to sell......See More

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