Track topics on Twitter Track topics that are important to you
RAMSEY, N.J., June 2, 2015 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions, U.S.A., Inc., a leader in information management focused on enterprise content, technology optimization and cloud services today announced the acquisition of SymQuest Group.
The acquisition accelerates Konica Minolta's rapid growth with an increased presence in targeted geographic markets. As part of the agreement, SymQuest Group's headquarters will remain in South Burlington, Vermont and Westbrook, Maine, and will retain its 186 employees throughout various branch offices and data centers.
As a wholly owned subsidiary of Konica Minolta Business Solutions, SymQuest Group will continue to deliver innovative, high quality solutions in office automation and operate under the leadership of co-founder Larry Sudbay.
"The SymQuest Group's business model with a mix of office document and IT services is a perfect fit for us," says Rick Taylor, President and COO, Konica Minolta Business Solutions U.S.A., Inc. "We are receiving incredible talent and technology which fits both our market coverage and transformation directions. This is an exciting opportunity to help their customers bring their businesses to the next level."
SymQuest Group's customers will have access to Konica Minolta's award-winning line up of products, applications, and services, including the All Covered IT division which offers a range of IT strategy, support, project and cloud computing solutions across all verticals. Ultimately, these enhanced capabilities will enable customers to experience faster and more efficient deliverables.
"As we examined the strategic options to accelerate our growth, we felt that partnering with Konica Minolta offered the best opportunity for our customers and employees," says Larry Sudbay, President of SymQuest Group. "With its investment in both people and technology we will be able to expand our offerings and provide our clients with new services to enhance their productivity."
SymQuest Group has a 20 year record of success and a national reputation for service excellence and innovation. This is Konica Minolta Business Solutions' 20th acquisition in the last four years. With 8,000 employees, it is part of Konica Minolta Inc., a world leading global technology company investing more than $500 million annually in research and development.
CONTACT: Kristina Marchitto 201.236.4399NEXT ARTICLE
Mergers & Acquisitions
Commercial and market reports on mergers and acquisitions in the biotechnology, pharmaceutical, medical device and life-science industries. Mergers and acquisitions (abbreviated M&A;) is an aspect of corporate strategy, corporate finance and manageme...
Collaborations in biotechnology
Commercial and academic collaborations are used throughout the biotechnology and pharmaceutical sector to enhance research and product development. Collaborations can take the form of research and evaluation agreements, licensing, partnerships etc. ...