Konica Minolta Continues to Build Momentum and Strategic Growth with SymQuest Group Acquisition
Ramsey, NJ – June 2, 2015 – Konica Minolta Business Solutions, U.S.A., Inc., a leader in information management focused on enterprise content, technology optimization and cloud services today announced the acquisition of SymQuest Group.
The acquisition accelerates Konica Minolta’s rapid growth with an increased presence in targeted geographic markets. As part of the agreement, SymQuest Group’s headquarters will remain in South Burlington, Vermont and Westbrook, Maine, and will retain its 186 employees throughout various branch offices and data centers.
As a wholly owned subsidiary of Konica Minolta Business Solutions, SymQuest Group will continue to deliver innovative, high quality solutions in office automation and operate under the leadership of co-founder Larry Sudbay.
“The SymQuest Group’s business model with a mix of office document and IT services is a perfect fit for us,” says Rick Taylor, President and COO, Konica Minolta Business Solutions U.S.A., Inc. “We are receiving incredible talent and technology which fits both our market coverage and transformation directions. This is an exciting opportunity to help their customers bring their businesses to the next level.”
SymQuest Group’s customers will have access to Konica Minolta’s award-winning line up of products, applications, and services, including the All Covered IT division which offers a range of IT strategy, support, project and cloud computing solutions across all verticals. Ultimately, these enhanced capabilities will enable customers to experience faster and more efficient deliverables.
“As we examined the strategic options to accelerate our growth, we felt that partnering with Konica Minolta offered the best opportunity for our customers and employees,” says Larry Sudbay, President of SymQuest Group. “With its investment in both people and technology we will be able to expand our offerings and provide our clients with new services to enhance their productivity.”
SymQuest Group has a 20 year record of success and a national reputation for service excellence and innovation. This is Konica Minolta Business Solutions’ 20th acquisition in the last four years. With 8,000 employees, it is part of Konica Minolta Inc., a world leading global technology company investing more than $500 million annually in research and development.
About Konica Minolta
Konica Minolta Business Solutions U.S.A., Inc. is one of the world’s leaders in information management focused on enterprise content, technology optimization and cloud services. Our portfolio of offerings deliver solutions to improve our customers’ speed to market, manage technology costs, and facilitate the sharing of information to increase productivity. The All Covered IT Services division offers a range of IT strategy, support, project and cloud computing solutions across all verticals. Konica Minolta has won numerous awards and recognition, including placement in the Leaders Quadrant on the Gartner 2014 Magic Quadrant for Managed Print Services (MPS) and Managed Content Services (MCS). Konica Minolta has been recognized as the #1 Brand for Customer Loyalty in the MFP Office Copier Market by Brand Keys for eight consecutive years. Konica Minolta, Inc. has also been named to the Dow Jones Sustainability World Index for three years in a row. For more information, please visit: www.kmbs.konicaminolta.us and follow Konica Minolta on Facebook, YouTube, and Twitter @konicaminoltaus.
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