Monday, June 4, 2007
IBM Division Becomes InfoPrint Solutions
InfoPrint Solutions Company, the venture printing business owned by IBM and Ricoh, has begun operations and now employs some 1,200 employees worldwide, InfoPrint revealed Monday. Ricoh owns 51 percent of the firm, which used to be IBM's Printing Systems Division and generated some $1 billion in revenue last year, InfoPrint said, adding that Ricoh will acquire the remaining 49 percent during the next three years. In addition to its headquarters in Boulder, Colorado, InfoPrint also said it currently has operations in Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, Italy, Japan, Mexico, Peru, Singapore, Spain, Switzerland, Taiwan, the United Kingdom.