On July 2, Ricoh
announced that it will be acquiring DocuWare
, a provider of ECM and workflow automation services. Based in both Germany and the USA, DocuWare provides both cloud and on-premise document management and workflow automation software to over 12,000 customers in more than 90 countries across the globe through a network of 600 partners.
Ricoh has had a partnership with DocuWare for some years, and promotes Docuware solutions internationally through its distribution networks. David Mills, Corporate Senior Vice President, Ricoh Company Ltd, said: “Our ambition at Ricoh is to ‘empower digital workplaces'. What that means in practice, is connecting people to information faster and more conveniently, improving communication and creativity; the synergy between Ricoh and DocuWare speaks directly to this ambition. DocuWare will operate as a standalone subsidiary of Ricoh and we are committed to maintaining and growing its hugely successful partner programme, through expanding its channel network and investing in further product development."
Dr. Michael Berger and Max Ertl, presidents of DocuWare, summarised: “DocuWare has a bold growth plan, and that includes enabling current and future partners with leading document management and workflow automation technology. Having Ricoh as a strong investor and owner gives us the certainty that we can achieve our goals and continue to be a reliable, trustworthy and innovative provider for the entire DocuWare partner and customer community.”
The deal with DocuWare is expected to close over Summer 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.