Canon U.S.A. Makes $15.8 Million Equity Investment in eCopy Inc.; Strategic Partnership Accelerates Expansion of Document Distribution Business.Business Editors/High-Tech Writers LAKE SUCCESS, N.Y. & NASHUA Nashua (năsh`  ə), city (1990 pop. 79,662), seat of Hillsborough co., S N.H., on the Merrimack and Nashua rivers near the Mass. line; settled c.1655, inc. as a city 1853. , N.H.--(BUSINESS WIRE)--Dec. 4,
2002
Canon U.S.A., Inc., a subsidiary of Canon Inc. (NYSE NYSE See: New York Stock Exchange :CAJ CAJ Canadian Association of Journalists CAJ Christliche Arbeiterjugend (German Young Christian Workers) CAJ China Academic Journals CAJ Christian Academy in Japan CAJ Canaima, Venezuela (Airport Code) ) and leader in networked digital imaging solutions, and eCopy, Inc. a leading provider of products that transform paper documents into digital information, today announced the expansion of their long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationship through a $15.8 million minority equity investment by Canon U.S.A. in eCopy, Inc. "eCopy's document distribution technology has always been several generations ahead of its competitors and has been a key differentiator for Canon digital copier-based multifunction products," said Ryoichi Bamba Bamba may refer to: Places
eCopy, Inc. has had a development and marketing relationship with Canon U.S.A. since 1996. The expansion of the relationship will impact several key areas for both companies including research and development, channel sales and distribution, and the further penetration of the document distribution marketplace. The investment also provides for tighter integration with Canon hardware and software technologies, and a platform to build additional services using the Canon imageRUNNER series of digital copiers. "Canon U.S.A.'s long-term commitment to eCopy has helped us maintain our focus on building products that solve real problems for our customers," said Edward Schmid, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of eCopy, Inc. "Together we have a common vision to deliver products that offer a clear return on investment, allow companies to communicate faster than ever before, and are easy to use, enabling wide adoption." eCopy, Inc. was recently named one of America's fastest growing companies by Deloitte and Touche, and named one of the fastest growing private companies by Inc Magazine. The eCopy product Suite, coupled with the high speed scanning capabilities of Canon's digital copiers and scanners, enable any organization to transform paper documents into information that is easily integrated into all commonly used business applications. Through their business alliance, Canon and eCopy provide companies shared access to high-speed scanning that connects to the user's e-mail and other networked enterprise applications for low-cost, easy, instantaneous in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. distribution and management of electronic copies of paper documents. About Canon U.S.A., Inc. Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. In 2001, the Company was listed as one of Fortune's Most Admired ad·mire v. ad·mired, ad·mir·ing, ad·mires v.tr. 1. To regard with pleasure, wonder, and approval. 2. To have a high opinion of; esteem or respect. 3. Companies in America, and was ranked #41 on the Business Week list of "Top 100 Brands." Its parent company, Canon Inc., is a top patent-holder of technology, ranking third overall in the U.S. in 2001, with global revenues of $22 billion. Canon U.S.A. employs approximately 11,000 people at over 30 locations. For more information, visit www.usa.canon.com. About eCopy, Inc. Based in Nashua, N.H., eCopy, Inc. is a market leader in providing products that allow anyone in an organization to transform paper documents into information that is easily integrated with leading business applications. The eCopy Suite of products seamlessly connects a digital copier to an organization's e-mail (like Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. or Lotus Notes Messaging and groupware software from IBM Lotus that was introduced in 1989 for OS/2 and later expanded to Windows, Mac, Unix, NetWare, AS/400 and S/390. Notes provides e-mail, document sharing, workflow, group discussions and calendaring and scheduling. ) and other networked enterprise applications. Targeted for general business use in the Global 2,500, close to one million users worldwide send eCopies rather than faxes and overnight letters. For more information, visit www.ecopy.com. Note to Editors: All referenced product names, and other marks, are trademarks of their respective owners. |
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