Oce Announces Actions to Capitalize on the Opportunities Provided by the Imagistics Acquisition.VENLO, Netherlands -- Oce N.V. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OCENY): --Establishes Oce Imagistics organization to focus on Office and Digital Printing Centers --Elects Marc C. Breslawsky to Board of Directors of Oce-USA Holding Inc. --Appoints Joseph D. Skrzypczak as President & 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 Oce Imagistics Oce N.V. a global leader in digital document management and delivery solutions with pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma annual revenues of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.1 billion (US$ 3.7 billion), today announced a series of actions to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the opportunities provided by its recent acquisition of Imagistics International Inc. Organization Effective January 1, 2006, Oce will establish Oce Imagistics, a new division that combines the office business of Imagistics International with the office and Digital Printing Centers (DPCs) business of Oce North America's Digital Document Systems (DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S ) division. Oce Imagistics will have annual revenues in excess of $700 million. The other operations of DDS, based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , will focus on the high-speed production and transaction printing, variable data and publishing needs of digital print providers and customers in graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. , direct mail and corporate IT centers. Jan Dix, member of the Board of Executive Directors of Oce N.V. and President and Chief Executive Officer of Oce-USA Holding Inc., stated, "The establishment of Oce Imagistics will bring the best and broadest product line in the industry to the market with a highly focused sales organization. With approximately 1,300 dedicated sales representatives supported by a world class service organization, we are able to focus on opportunities in the networked office, large corporate and government Digital Printing Centers, commercial printing, and high-speed production printing markets. This is in addition to Oce North America's existing sales efforts in the large format printing and outsourced document process management markets." The team responsible for integrating Imagistics into the Oce family carefully assessed the market opportunities and identified the optimum organizational structure To comply with Wikipedia's lead section guidelines, one should be written. and leadership. A number of other integration efforts are in progress including rationalization of IT systems, field office locations, financial reporting, and back office support. Appointments Marc C. Breslawsky, formerly Chairman and Chief Executive Officer of Oce Imagistics, has retired from the day-to-day leadership of the company. Mr. Breslawsky will continue as a member of the board of directors of Oce-USA Holding Inc. and as an advisor to the Oce family of companies on a long-term basis. After careful consideration all parties concluded that the contribution of Mr. Breslawsky to a successful integration of Imagistics and further development of Oce's business in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will be better served by a longer term, dedicated role in the Board of Oce-USA Holding Inc. instead of being a member of the Executive Board of Oce N.V. with the full scope of corporate responsibilities. Joseph D. Skrzypczak, previously President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Oce Imagistics, has assumed the responsibility of President and Chief Executive Officer of Oce Imagistics effective December 1, 2005. Mr. Skrzypczak joined Pitney Bowes Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . in 1981 and held increasingly responsible positions in finance and operations. He served as Chief Operating Officer of Dictaphone Corporation, which was spun-off from Pitney Bowes in 1995. He joined Imagistics in 2001 and was responsible for executing the company's successful business strategy, which resulted in earnings growth in excess of 20 percent annually. Jan Dix, member of the Board of Executive Directors of Oce N.V. will remain President and CEO of Oce-USA Holding Inc., responsible for all Oce activities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Mr. Rokus van Iperen, Oce N.V. CEO and Chairman, commented, "Marc Breslawsky has had a distinguished career in the office products industry. Under his skilled leadership, Imagistics evolved into a highly successful company and we expect to continue to receive the benefits of his experience as a consultant. I am excited about the tremendous growth prospects of the Oce family of companies and I am confident in the proven leadership abilities of Jan Dix at Oce North America and Joe Skrzypczak at Oce Imagistics." Oce Imagistics Through the aforementioned organization, Oce Imagistics will expand its focus into the high-volume DPCs of large corporate and government customers. The company is establishing a dedicated sales and marketing group to serve the high-volume DPC DPC Department of Premier and Cabinet (Victoria, Australia) DPC Dutch Power Cows DPC Deferred Procedure Calls (Microsoft Windows NT 4. market segment. Nick Klitsie, currently the Business Manager of Oce Wide Format Printing Systems in the UK, will lead this new group from the Oce Imagistics offices in Trumbull, Connecticut as Vice President and Business Group Manager DPC. Mr. Klitsie joined Oce in 1986 and his career has included positions of increasing responsibility in the marketing and business management of office, wide format, and high-speed printing systems. His experience includes tours of duty at the Oce International Headquarters in Venlo, The Netherlands, and the Oce Far East operations in Singapore. Having the high volume sales and marketing functions reside within Oce Imagistics greatly enhances the company's strategic thrust to leverage the customer base and sales and service organizations of Oce and Imagistics, providing a robust capability to refer customers and cross sell services. About Oce Oce is a leading provider of digital document management technology and services. The company's solutions are based on Oce's advanced software applications that deliver documents and data over internal networks and the Internet to printing devices and archives - locally and around the world. Supporting the workflow solutions are Oce digital printers and scanners, considered the most reliable and productive in the world. Oce also offers a wide range of display graphics, consulting and outsourcing solutions. Netherlands-based Oce N.V. (NASDAQ: OCENY), with a workforce of around 24,000 people and pro forma annual revenues of EUR 3.1 billion ($ 3.7 billion), maintains research and manufacturing centers in the Netherlands, the United States, Germany, France, Belgium, the Czech Republic, and Romania. Oce's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters is located in Chicago with major business units in Trumbull, CT; Chicago; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Boca Raton, FL; Salt Lake City; Fiskeville, RI; and Vancouver, BC. For more information about Oce, visit www.oce.com or in the US www.oceusa.com |
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