Digital process automation: Ricoh acquires Axon Ivy
Ricoh acquires Axon Ivy AG and thus expands its competencies in the area of digital process automation. Axon Ivy will operate as an independent subsidiary of Ricoh in the future. All brands, products and partners will be retained. All employees will also be taken over, according to the statement.
Ricoh, the provider of document management solutions, IT services, communication services, commercial and industrial printing, digital cameras and industrial systems, is acquiring the Swiss company Axon Ivy AG. The Tokyo-based group is thus taking over the renowned platform for digital process automation. Ricoh customers worldwide are to benefit from innovations in software development and faster digital transformation processes. It will also give them direct access to a powerful, industry-recognized platform for automating and orchestrating business processes with low-code/no-code support, according to the group. "This acquisition is part of Ricoh's strategic investment in growing our digital services business. It expands our ability to support customers worldwide in their digital transformation and strengthens Ricoh's position as a Digital Services Company," said Akira Oyama, president of Ricoh's Digital Services Business Unit.
Headquartered in Lucerne, with offices in Austria and Germany and subsidiaries in the US and Singapore, Axon Ivy has more than two decades of experience in developing software platforms and solutions that help customers achieve their digital transformation goals. The company will continue to operate under its existing name as a Ricoh Group company and all employees will be retained. According to the announcement, customers and partners will continue to receive the same high-quality service. In addition, Axon Ivy customers will benefit from Ricoh's global reach and access to a broad portfolio of digital services. Ricoh's solutions are designed to make workplaces seamlessly digital and help businesses realize innovation, increased security and greater sustainability through technology. Rolf Gebhard Stephan, CEO Axon Ivy AG, said, "I see tremendous value in becoming part of the Ricoh global family. We have developed one of the most reliable and user-friendly platforms for digital process automation. Especially in Central Europe, our track record is impressive. We will continue to focus on our core competencies of technology and flexibility, benefiting in the future from Ricoh's access to all major markets around the world."
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