IBM Sells Printing Division to Ricoh for $725 Million
January 29, 2007 Timothy Prickett Morgan
Seeking to further focus on its core server, storage, software, and services businesses in corporate computing, IBM announced last week that it was creating a joint printing business with Japanese printer and document management software partner (and sometimes rival) Ricoh Company. The joint business, called InfoPrint Solutions Company, will eventually control IBM’s entire Printer Systems Division, and will see Big Blue finally exit the printing business altogether. The spinout, which will take IBM an estimated three years to complete, is valued at $725 million. The divestiture of IBM’s enterprise printing business, which has always been located in Boulder, Colorado, |