Canon U.S.A. Announces New Solutions Company

Canon U.S.A. Inc. announced the establishment of Canon Information and Imaging Solutions Inc., a new, wholly owned subsidiary dedicated to expanding Canon’s overall solutions business. Joe Adachi, president and chief executive officer, Canon U.S.A. Inc., will serve as chairman of Canon Information and Imaging Solutions and Seymour Liebman, executive vice president, chief administrative officer and general counsel, Canon U.S.A. Inc., will serve as president of Canon Information and Imaging Solutions. In addition, the new company will be initially comprised of personnel from Canon U.S.A.’s current professional services organization.

With an initial focus on accelerating the growth of the company’s existing office solutions, including business process optimization, security services and imaging and records management services, the new company will allow Canon to build out its business solutions infrastructure to specifically deliver solutions comprised of software, middleware and services. Additionally, the new company will be strategically focused to deliver a number of solutions in the area of enterprise resource planning as well as leverage cloud computing technologies.

“Canon is pleased to launch Canon Information and Imaging Solutions, which is ideally positioned to capitalize on the expanding solutions marketplace for a broad variety of Canon’s advanced imaging technologies,” Adachi said. “This new company will have a singular focus on the solutions and service business and create a strong foundation for developing new business segments.”

With an eye toward long-term future growth, Canon Information and Imaging Solutions will look for growth opportunities in previously untapped markets for Canon such as IT services and healthcare applications through emerging Canon technology and alliances with leading third-party technology providers.

Canon Information and Imaging Solutions will leverage Canon’s existing channels of distribution. For select technologies and services, the new company will also drive its own direct-selling efforts and will actively pursue new partnerships with system integrators.

Through organic and other growth initiatives, Canon is targeting the company to exceed $500 million in sales by 2014.

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