tashatuvango - Fotolia
Kyocera Document Solutions has made a move to acquire managed print services specialist Annodata as it looks to bolster its position in the ICT market.
Annodata set out at the start of this year to break through the £100m revenue barrier and in the past has been no stranger itself to the acquisition process, adding to its own business by buying expertise.
The future for Annodata under Kyocera ownsership will be largely the same and it will still be using its managed print services skills to help the vendor deliver a more rounded solution to the market.
“Mirroring Kyocera’s values; Annodata has an impeccable track record spanning 28 years. Their business reputation combined with accolades of achievement brings together a best in class partnership with Kyocera’s award winning technology and customer focused services and software portfolio,” said Takahiro Sato, president of Kyocera Document Solutions Europe.
“Kyocera Document Solutions UK is a well-known success story within our larger EMEA family. This acquisition of a reputable and influential national player will greatly enhance their growth potential, while strengthening Kyocera’s overall business proposition in the market," he added “With the increasing overlap between managed print services (MPS) and the IT, cloud and communication sectors, this acquisition affords Kyocera Document Solutions a strengthened market approach into higher value accounts."
From Annodata's point of view the attraction of the Kyocera deal, according to the firm's co-founder Andrew Harman, was that it would allow the business to continue in the same vein but get access to the additional muscle a large vendor can bring.
"With the significant resources and support from Kyocera Document Solutions we can remain committed to our principles, offer innovative new solutions and services tailored to rapidly changing market needs, and ensure we are well placed to meet customer demands," he said.
The details of the acquisition were undisclosed but the plan is for Annodata to operate as a seperate business with its own strategy and management team.