Leading Swiss Digital Process Automation specialist, Axon Ivy AG, announced its acquisition by the Ricoh Group.
With over two decades of experience in building digital transformation platforms and solutions, Axon Ivy has established a strong industry reputation and a loyal customer base. To better address the explosive demand in digital transformation worldwide, Axon Ivy sought a partner with global reach and scale. After a detailed search and evaluation, Axon Ivy chose to become part of the Ricoh Group, a global provider of business process transformation and information management technology.
Axon Ivy will operate as an independent subsidiary of the Ricoh group retaining all its staff, brand, products and partners. Customers and partners will benefit from increased investments in Axon Ivy technology, delivery capabilities and market development. In addition, they will have ready access to Ricoh’s global reach and broad portfolio of digital services capabilities, designed to provide a seamless digital workplace experience, supporting organizations to realize new innovations, better security, and increased sustainability through technology.
Rolf Gebhard Stephan, CEO Axon Ivy AG, says ”I see tremendous value in becoming part of the Ricoh global family. We have built one of the most reliable and easy-to-use digital process automation platforms and have a very successful track record in Central Europe. While we will retain our core strengths of technology and agility, we will benefit from Ricoh’s access to all major markets worldwide. My team and I look forward to the prospect of Axon Ivy becoming a global leader in the digital automation space.”
Headquartered in Tokyo, Ricoh Group has major operations throughout the world, and its products and services now reach customers in approximately 200 countries and regions. In the financial year ended March 2021, Ricoh Group had worldwide sales of 1,682 billion yen (approx. 15.1 billion USD). Following the acquisition of Axon Ivy and its renowned digital process automation platform, Ricoh customers around the world will gain direct access to a powerful, industry-recognized process automation and orchestration platform with low-code/no-code support. They will also benefit from sharing in software development innovations and faster digital transformation journeys.
Akira Oyama, Executive Corporate Officer and President of Ricoh Digital Services Business Unit, says: “This acquisition is part of Ricoh’s strategic investment for the growth of our Digital Services business. It enhances Ricoh’s capabilities to further support customers around the world with their digital transformation needs as well as Ricoh’s market position as a digital services company. Axon Ivy has a trusted reputation as a true digital enabler, complete with recognition from customers, peers, and industry analysts alike. Ricoh is delighted to welcome them to our family.”
David Mills, CEO, Ricoh Europe, adds: “We are tremendously excited about the opportunities this acquisition affords both Ricoh and our customers. From our own transformation journey as a global business services organization with exceptional expertise in document process management, we recognized that many organizations still struggle with complex technology infrastructures and requirements for further automation beyond just ‘paper to digital’. This acquisition addresses just that business challenge – we continue to see a growing demand for software that isn’t constrained to just print or documents. This trend, coupled with our customers’ ambitions to move further along their digital journeys at pace, makes this a particularly exciting time in the history of Axon Ivy and Ricoh.”
VectorSpan Inc. acted as the exclusive advisors to Axon Ivy in this transaction.
Please also read the press release of the Ricoh Group.