Asset Acquisition Strengthens Canon’s Ability to Deliver Canon Solutions to the North and South Carolina Regions
LAKE SUCCESS, N.Y., May 17, 2010 – Working to expand its support for businesses and provide greater levels of service in the North and South Carolina regions, Canon U.S.A., Inc., a leader in advanced digital imaging and software solutions, today announced the acquisition of the assets of Tereck Office Solutions, Inc., based in Durham, North Carolina. It will now be a new, wholly-owned subsidiary of Canon U.S.A.
“Tereck has built a tremendous reputation for providing industry-leading imaging and document management solutions and support to companies in the North and South Carolina regions and we are excited to bring Tereck into the Canon family,” said Joe Adachi, president and chief executive officer, Canon U.S.A. “We take pride in offering the most comprehensive array of office imaging solutions and this acquisition will enable us to provide even greater levels of service to businesses and end-users in the Carolina regions.”
The North Carolina-based Tereck is an independent value-added reseller of document imaging and print solutions, including imaging hardware and software, printer fleet and facilities management services. Founded in 1997, Tereck has quickly grown into a prominent provider in the imaging market and was ranked by the Triangle Business Journal among the 50 fastest growing companies in the Triangle Region and currently has more than 70 employees between two offices.
Tod Pike, who is currently president of Canon Business Solutions, Inc., will serve as president of Canon Business Solutions – Tereck, Inc. with Ed Ecker, former president and owner of Tereck Office Solutions, Inc., remaining with the business in an advisory role.
“We are extremely pleased to join the Canon family and look forward to providing our customers with the best hardware and software services for their business needs,” said Ed Ecker, president and founder of Tereck Office Solutions, Inc. “Through this acquisition, we will be able to offer our customers an even more robust portfolio of solutions while also positioning Canon for continued growth in the Carolina regions.”
About Canon U.S.A., Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. Its parent company, Canon Inc. (NYSE:CAJ), a top patent holder of technology, ranked fourth overall in the U.S. in 2009†, with global revenues of US $35 billion, is listed as number four in the computer industry on Fortune Magazine's World’s Most Admired Companies 2009 list, and is on the 2009 BusinessWeek list of "100 Best Global Brands." Canon U.S.A. is committed to the highest levels of customer satisfaction and loyalty, providing 100 percent U.S.-based consumer service and support for all of the products it distributes. At Canon, we care because caring is essential to living together in harmony. Founded upon a corporate philosophy of Kyosei – "all people, regardless of race, religion or culture, harmoniously living and working together into the future" – Canon U.S.A. supports a number of social, youth, educational and other programs, including environmental and recycling initiatives. Additional information about these programs can be found at www.usa.canon.com/kyosei. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss.
†Based on weekly patent counts issued by United States Patent and Trademark Office.
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