Ricoh acquires DocuWare
Ricoh has signed a definitive agreement to acquire DocuWare, a provider of content services software.
Headquartered in Germany and the U.S., DocuWare provides cloud and on-premise document management and workflow automation software to more than 12,000 customers in more than 90 countries across the globe through a network of 600 partners.
DocuWare will operate as a standalone subsidiary of Ricoh and continue to expand its channel network and product development. DocuWare already integrates with Ricoh’s new IM C series of multifunction printers, through Ricoh Smart Integration, providing customers with a secure way of scanning documents and feeding them directly into a workflow process.
“We see a strong demand from our customers to maximize the value of their documents and business content to support their growth,” said David Mills, corporate senior VP, Ricoh, adding that because DocuWare has a market-leading, cloud-first content services offering, the acquisition is a significant step in meeting that customer need.
Ricoh has been investing in digital workplace services by growing both organically and through acquisition. The acquisition of DocuWare is in line with Ricoh’s strategy to grow its digital workplace transformation offering.
The deal with DocuWare is expected to close during the summer of 2019, subject to receiving clearance from the relevant competition authorities in Germany and Austria and completion of other customary closing conditions. Following completion of the deal, DocuWare will operate as a subsidiary of Ricoh with Dr. Michael Berger and Max Ertl remaining as presidents.
For further information, visit www.ricoh.com.