WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Join the discussion Sign In or Become a Member, doing so is simple and free, Member CenterRenew membership, reset password, set email and notification preferences. mindSHIFT, a top Managed Services provider in the U.S. for small and mid-sized businesses (SMB), works with more than 6,900 clients in major markets throughout the country. The acquisition is the latest strategic investment by Ricoh to expand and deepen its services portfolio. The key for Ricoh is to be very deliberate about the services they add and offer. “Moving information from paper to digital, getting information into some form that’s usable,” he says.
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(Best Buy had acquired mindSHIFT in 2011 for $167 million to complement its Geek Squad and Best Buy For Business offerings for small and mid-size businesses.) MALVERN, PA - Ricoh today announced that the company has reached an agreement to buy mindSHIFT Technologies Inc., a leading provider of managed IT, cloud, data center and professional services to small and mid-sized organizations, from Best Buy Co., Inc. The acquisition is expected to close in February 2014 at which time mindSHIFT will become a wholly owned subsidiary of Ricoh. “They have a fantastic reputation, says Rothenberger. The acquisition is the latest strategic investment by Ricoh to expand and deepen its services portfolio. Our Proven Compatible Products can Help Your Business Recover.
Ricoh helps companies transform the way they work and harness the collective imagination of their employees. The acquisition is the latest strategic investment by Ricoh to expand and deepen The mindSHIFT acquisition and its emphasis on IT services falls into one of three categories of services that Ricoh has been seeking to add, the other two being managed services (fleet management and other on-site value-added capabilities) and professional services (consultative-type services to help reengineer various information flows). MindSHIFT will continue to operate under its current name, management team and capabilities, which currently include 650 employees at offices in 11 cities around the United States. “The biggest advantage is we can come in with a comprehensive set of services and tools that deal with their voice systems, their IT systems, printing and document management systems and weave it all together into a nice bundle that’s cost-effective and that’s delivered with high expectations that no one else in the industry is going to be able to touch.”. MALVERN, PA, January 21, 2014 – Ricoh today announced that the company has reached an agreement to buy mindSHIFT Technologies Inc., a leading provider of managed IT, cloud, data center and professional services to small and mid-sized organizations, from Best Buy Co., Inc. “For current or potential customers, what they keep asking for is for Ricoh to be an all-encompassing supplier of technology and services for their business,” he adds. For further information, please visit www.ricoh.com/about/ © 2014 Ricoh Americas Corporation. “We’re excited about what this acquisition means to our customers; the impact of having a well-respected brand like Ricoh tied to our market leadership will bring great benefits to current and new customers around the country.”. Ricoh also produces award-winning digital cameras and specialized industrial products. © 2020 WhatTheyThink. mindSHIFT, a top Managed Services provider in the U.S. for small and mid-sized businesses (SMB), works with more than 6,900 clients in major markets throughout the country. mindSHIFT brings their experience in the general business market, in addition to legal, healthcare, financial services, associations and non-profits, and education markets, areas complementary to Ricoh’s proven expertise and experience. "We are very much looking forward to working with our small and medium-sized customers to maximize these combined capabilities to their greatest benefit. mindSHIFT, a top Managed Services provider in the U.S. for small and mid-sized businesses (SMB), works with more than 6,900 clients in major markets throughout the country. With Ricoh’s keen focus on business customers, their leadership position in the small and mid-sized business space and our common philosophy in delivering innovative ways to solve technology challenges, we believe we can deliver even, RICOH AMERICAS CORPORATION www.ricoh-usa.com 70 Valley Stream Parkway, Malvern, PA 19355 Phone: 610-296-8000, more value to customers together,” said Mona Abutaleb, President and Chief Executive Officer of mindSHIFT Technologies. The acquisition is the latest strategic investment by Ricoh to expand and deepen its services portfolio. “Services that are just very natural adjacencies to our core business. All referenced product names. mindSHIFT will continue to operate under its current name, management team and capabilities, which currently include 650 employees at offices in Boston, Chicago, Long Island, N.Y., Minneapolis, Morrisville, N.C., New York City, Philadelphia, Washington, D.C., and Austin, Houston, San Antonio, and Dallas, TX. The acquisition is expected to close in February 2014 at which time mindSHIFT will become a wholly owned subsidiary of Ricoh. We have a very defined strategy.”. “With the addition of these highly skilled engineering and customer-facing resources to our existing services organization, Ricoh can now offer a greatly enhanced range of services for its customers,” said Martin Brodigan, Chairman and Chief Executive Officer, Ricoh Americas Corporation. There are some industries that are out trying to buy any type of business that is a ‘services’ business. Ricoh announced that it had reached an agreement to buy mindSHIFT Technologies Inc., a provider of managed IT, cloud, data center and professional services to small and mid-sized organizations, from Best Buy Co., Inc. “They know what they do well, and they stay true to that. Ricoh to Acquire mindSHIFT Technologies, a Leading Managed Services Provider for Small and Medium-Sized Businesses. The acquisition is the latest in an increasing trend to offer customers “one stop shopping” for a variety of business needs. mindSHIFT will continue to operate under its current name, management team and capabilities, which currently include 650 employees at offices in Boston, Chicago, Long Island, N.Y., Minneapolis, Morrisville, N.C., New York City, Philadelphia, Washington, D.C., and Austin, Houston, San Antonio, and Dallas, TX.
HP Introduces New Era of Virtual Reality for Developers and Enterprises, Zack White named new IT Director at Fisher’s Technology, Unite & Conquer at The Cannata Report’s 35th Anniversary Gala, Ricoh introduces Patient Information Management Service to Make Healthcare Processes More Accurate and Efficient, Super High-Speed Full-Color Printing At Up To 160 PPM. “We have done a lot of investment around IT services, and we’ve been on the hunt for an IT services acquisition,” says Tracey Rothenberger, EVP and COO of Ricoh Americas. “We are very much looking forward to working with our small and medium-sized customers to maximize these combined capabilities to their greatest benefit.”, “At mindSHIFT, we are proud to have the most comprehensive IT Services portfolio for small and mid-sized business customers in the industry and are excited to become a part of the Ricoh family. They have a great set of engineering resources, more than 500 highly skilled engineers, clearly defined portfolios, and they know how to execute. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow. This made it an appealing buy for Ricoh.
Skills and Reach to the Company's Growing Suite of Offerings. Purchase Complements Ricoh’s Current Services Portfolio, Adding Significant Skills and Reach to the Company’s Growing Suite of Offerings. Tokyo, January 22, 2014 — Ricoh today announced that the company has reached an agreement to buy mindSHIFT Technologies Inc., a …