Tagged With "Alexander Bain"
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Toshiba said to be nearing resolution in Western Digital dispute
SAN FRANCISCO – Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba’s $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter. Western Digital plans to end arbitration claims in the U.S. to stop Toshiba from selling the chip business to a consortium led by Bain Capital as part of the...
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Toshiba to sell basketball team Kawasaki Brave Thunders to DeNA
December 7, 2017 (Mainichi Japan) TOKYO (Kyodo) -- Struggling Toshiba Corp. said Wednesday it is selling its professional basketball team the Kawasaki Brave Thunders to mobile service provider DeNA Co. for a nominal sum. Toshiba said in a press release that sale of the basketball team to DeNA, which owns the Yokohama BayStars professional baseball team, will enable players to continue to thrive, adding that the company will keep supporting its amateur Brave Lupus rugby team and Brave Areus...
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Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary
TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp ( 6502.T ) has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A reporter raises his hand for a question during a news conference at the Toshiba Corp company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato/File Photo Argyle Street Management Ltd,...
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Toshiba completes $18 billion sale of chip unit to Bain consortium
The completion of the deal, initially aimed for by end-March, had been delayed due to a prolonged review by Chinese antitrust authorities. China approved the deal last month. The Bain consortium last year won a long and highly contentious battle for Toshiba Memory, the world’s No. 2 producer of NAND chips. Toshiba put the business up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit had plunged it into crisis. read the rest here
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Top Ten Copier & Imaging Industry Predictions for 2018
What a year! Ricoh sells most of their SMB accounts to dealers (not including education, legal and production) and proves that they are dedicated to their dealers. Toshiba might has probably staved off from selling the kitchen sink with the sale of their chip unit to a consortium that is led by Bain Capital. Epson delivers two color A3 ink MFP's with speeds of 75 & 100 pages per minute. Proving that disruption of our coveted A3 toner based is well underway. Last years Top Ten MFP Copier...
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Toshiba: the troubles chipping away at its core
Leo Lewis and Kana Inagaki in Tokyo yesterday Earlier this month, after nearly three straight years of nasty surprises, one of Japan’s top analysts on Toshiba asked the company to explain a basic issue about the planned sale of its key asset, but received a blunt response. “We do not proactively disclose that information,” he was told. The company, a 143-year-old conglomerate at the heart of Japan’s supposedly reforming industrial economy, had apparently learnt nothing from a crisis that was...
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Toshiba logs ¥140 billion net loss in April-June on poor chip demand
Toshiba Corp. reported a net loss of ¥140.23 billion ($1.3 billion) for the April-June quarter, weighed down by the sluggish performance of its affiliated semiconductor business amid the escalating U.S.-China trade war. The technology conglomerate said on Wednesday that the red ink came also after booking a loss of ¥89.3 billion related to its agreement to transfer its liquefied natural gas operation in the United States to French oil giant Total S.A. as part of restructuring efforts. In the...
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This Week in the Copier Industry 5 Years Ago (Third Week of August 2014)
Pretty exciting day for P4P Hotel today. I received our video for promoting the P4P Hotel over social media. I'll be uploading on YouTube in the next couple of days and will then post on a blog. Enjoy these awesome threads from 5 years ago this week! New bliQ Time Saving Tricks, Training Sessions, Equitrac Express, ECM Solution.. Art Post · 8/21/1411:02 PM important to you, we’ve got that covered too, with analysis on both printed and copied output. You’ll also find out the value each model...
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Konica Minolta Appoints Sakie T. Fukushima to Board of Directors
Ramsey, NJ, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc. is pleased to announce Konica Minolta, Inc. (Konica Minolta) has appointed its first-ever female board member. Sakie Tachibana Fukushima, a well-known business executive and advocate for women’s initiatives, was officially named at the shareholders meeting on June 18, 2019. “Sakie is a recognized business leader, and I am pleased to welcome her to the board of directors,” said Masatoshi Matsuzaki,...
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Re: Toshiba searches for a new 'spine'
Toshiba sold 49.8% of its flash memory business to Bain Capital which includes Apple and Dell as partners. Toshiba still controls 50.2% of the shares and future revenues. The lead to this article omitted this key fact.
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Re: China regulators open antitrust probe of Toshiba deal -newspaper
Toshiba Corp . may have settled its differences with joint venture partner Western Digital Corp . , but the company’s nearly $18 billion sale of Toshiba Memory Corp. is not out of the woods yet, with the Nikkei Asian Review newspaper reporting on Friday that Chinese regulators are investigating the deal for potential antitrust concerns. According to the report, the investigation began earlier this month and could push back Toshiba’s hopeful closing date of March. The Toshiba deal sees TMC...
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Re: Toshiba empire crumbles as talent, morale drain away
However they did reach that agreement with Bain for 13.8 billion. Sold the Crown Jewels to try and save the ship
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Re: Bain files for China antitrust approval on $18 billion Toshiba chips deal
It now seems very likely that Toshiba will successfully sell 49% of its memory chip business to Bain Capital which includes partners Apple and Dell for $18B USD clearing up all debts related to the nuclear power industry with almost $1B left over to fund new investments in the memory business. Toshiba today announced breakthrough battery technology which will allow electric cars to recharge in six minutes. https://futurism.com/a-new-ele...s-in-just-6-minutes/ Toshiba expects to bring this...
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Digitech Systems Recognized as Top Content Services Platform
Software and Services Honored by Insights Success GREENWOOD VILLAGE, CO / ACCESSWIRE / December 8, 2020 / Digitech Systems is pleased to announce that they have been selected by Insights Success as one of the Most Promising Content Services Platform Providers for 2020. Insights Success is a magazine for entrepreneurs and C-level executives. It focuses on the intersection of technology and business insights that owners need to know to guide company strategies successfully. In choosing their...
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Three Pandemic Technology Shifts that Signal the Future of Work
GREENWOOD VILLAGE, CO / ACCESSWIRE / June 2, 2021 / The shift to remote working requires the use of digital records to be productive and efficient. Yet, converting paper-based files to electronic ones has been challenging for many organizations, especially for those that did not begin the process before the pandemic. Many organizations put stopgap measures in place when the pandemic first shut down offices. But as the reality of the "new work normal" has settled in, businesses need proven,...
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TidalScale Announces International Reseller Agreement with Reliant Technologies Solutions Group
TidalScale , the industry leader in software-defined server technology, today announces an international reseller agreement with Reliant Technologies Solutions Group, a leading technology solutions, managed services, and professional services provider. TidalScale's breakthrough technology is revolutionizing the data center. With TidalScale, businesses can run large-scale database or analytics workloads (e.g., Oracle Database, SAP HANA) entirely in-memory at half the TCO compared to...
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Toshiba Seeking Options
August 29th, 2021 Toshiba seeking options - Reuters News Service is reporting that Toshiba is in talks with at least 4 global private equity firms, including KKR & Co., Bain Capital and Blackstone Inc. - Seeking new strategy - Engaging with potential bidders for company since shareholders ousted its chairman in June after "colluding with the Japanese government to put pressure on foreign investors” - “considering and discussing a wide range of initiatives without delay” - Hope to...
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Toshiba seeking options
Toshiba seeking options Reuters News Service is reporting that Toshiba is in talks with at least 4 global private equity firms, including KKR & Co., Bain Capital and Blackstone Inc. - Seeking new strategy - Engaging with potential bidders for company since shareholders ousted its chairman in June after "colluding with the Japanese government to put pressure on foreign investors” - “considering and discussing a wide range of initiatives without delay” - Hope to announce new business plan...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry 5 Years Ago Second Week of February 2017 So, I had some fun last night. I cleaned my idea with BS and it was a go for my fun. Told everyone I had an announcement, spoke about my 13 years with Stratix, the long term relationships and the new relationships with everyone. Looked at some older history and then told everyone of my announcement. I paused and wanted to show that the announcement was hard for me. Thus I told everyone Monday is my Birthday 🥳. Yes it...
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Toshiba’s Biggest Investor to Tender Stock If Bain Makes Bid
Toshiba Corp. ’s largest shareholder said it has agreed to tender its stock in the event of an offer from Bain Capital , reigniting speculation about future takeover bids for the troubled Japanese conglomerate. Effissimo Capital Management Pte. would tender its entire stake if Bain launched a tender offer to acquire two-thirds or more of Toshiba, the activist shareholder said in a Japanese regulatory filing. Singapore-based Effissimo owns 9.9% of Toshiba, according to data compiled by...
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Toshiba to be acquired by Bain?
Toshiba to be acquired by Bain? Effisimo Capital, which is Toshiba’s largest shareholder, announced it will agree to sell its stake to Bain Capital, if the U.S. private equity firm launches an offer to buy entire company, according to Reuters News Service “This basically means it is going to kick off a competitive auction process” Toshiba’s current market capitalization is around $16 billion
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Toshiba to be acquired by Bain?
Toshiba to be acquired by Bain? Effisimo Capital, which is Toshiba’s largest shareholder, announced it will agree to sell its stake to Bain Capital, if the U.S. private equity firm launches an offer to buy entire company, according to Reuters News Service “This basically means it is going to kick off a competitive auction process” Toshiba’s current market capitalization is around $16 billion
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Toshiba receives interest from 10 potential buyers
Japanese conglomerate Toshiba has 10 parties potentially interested in making an offer to buy the company. In April, Toshiba announced it formed a special committee to ‘engage with potential investors and sponsors, and review strategic alternatives’ ahead of a potential sale. In an announcement this week, it said a total of 10 companies had expressed an interest in submitting bids to buy the company. The deadline for submitting bids is May 30, after which proposals will be evaluated and...
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Digitech Systems, Contex to Offer Bundled Solution for Secure Management of Large Format Scans
Contex, the world leader in large format scanning, and Digitech Systems, the world’s most trusted cloud information management provider, today announce a collaboration for the secure information management of large format scanned assets. New and existing Digitech Systems and Contex customers can use PaperVision®.com, along with the recently released PaperVision® Folder Monitor, to add cybersecurity to scanned images as they are captured from a Contex large format scanner or drawn from an...
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Toshiba receives 8 proposals to go private
TOKYO -- Toshiba on Thursday announced it has received 10 proposals from possible buyout sponsors and investors, eight of which suggest going private to increase corporate value. The industrial conglomerate will carefully examine the proposals and narrow them down after the company's annual general meeting on June 28. Nikkei has learned that private equity companies such as KKR and Bain Capital have been considering proposals. However, an acquisition led only by foreign investors would face...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry Five Years Ago Second Week of August 2017 sponsored by I think the number of copier brands in the US market in 1984 was 29 brands. Now that is a hell of a lot of brands. Brands like Sanyo, AB Dick, 3M, IBM, KIP, Monroe, Oce, Olivetti and many more can only be seen or remembered in print. Only five of those brands 1984 still market copier aka MFPs today. It was also interesting to see that Konica was not a marketed brand in 1984. Canon, Ricoh, Sharp, Toshiba...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry Five Years Ago Third Week of August 2017 sponsored by "The thought of a cheap price is long forgotten after poor service", we've all heard some variation of this line at some time or from someone. But, how about maybe "The thought of a high price is forgotten after excellent service"? I had to get a repair on my AC unit today, if it was a hot, sweltering day well I would have paid any price. But today was not a scorcher and was one of those ten best days of...
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Group of Japanese firms may join Toshiba buyout bidder
A Japanese investment fund seeking to buy out Toshiba Corp. is asking a group of Japanese companies to join hands to clear the second round of bidding for the troubled conglomerate, people close to the matter said Sunday. By teaming up with domestic companies, the Tokyo-based fund, Japan Industrial Partners, could gain an advantage over other bidders, including U.S. investment fund Bain Capital, in clearing government screening of offers for Toshiba, which is deemed crucial to Japan’s...
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This Week in the Copier Industry Five Years Ago
This Week in the Copier Industry Five Years Ago Last Week of September 2017 sponsored by For me, tomorrow is he first sales day of the last quarter for 2022. With 75% of the year complete, net new has evaded me and it's not because lack of effort. Sometimes you eat the bear and sometimes the bear eats you, in my case the bear has been taking me to lunch each and every day this year. Something is going to change....... I'm looking for help, I need to reach out to KM, Toshiba and HP...
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This Week in the Copier Industry Five Years Ago
This Week in the Copier Industry Five Years Ago First Week of October 2017 sponsored by Since this week marked the first week of the last quarter of the month, the day- this week were all about prospecting. Leaving no stone un-turned it was a combination of calls, emails, and texts. Of course one of the tasks after the phone call, email or text is to set the next call. It was this week that I realized that many of those follow up calls I will never make. In the past, when I found out the...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry Five Years Ago Second Week of October 2017 sponsored by For those you you that may have not caught my appearance on The Greg Walters Show here's the link . It was a live stream and tossed questions, answers an ideas back and forth for the better part of an hour. One of our P4P Members called me yesterday and he stated it was the best video he's seen from our industry! Special thanks to Greg to be a part of his show. I'm looking for help, I need to reach out...
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Attention Sales World… Developing Healthy Client Relationships Creates Long Term Sales Sustainability.
According to Wharton Professor Adam Grant in his book Give and Take , there are three types of people in the world when it comes to reciprocity styles: givers, takers, and matchers. Grant’s perspective, "In a world where we often work in teams and provide services to others, we should strive to adopt a giver mentality. Givers are more successful because they establish reputations and relationships that enhance their success over the long term." Can a giving mindset in a sales world riddled...
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This Week in the Copier Industry Ten Years Ago
sponsored by Some highlights from our industry 10 years ago this week...... Ricoh USA HQ move from Caldwell, NJ to Malvern, PA Sharp parody by yours truly Dealer demo rooms (needed or not needed) Canon profit falls 35% Future of DigiDoc Flow, Ecopy & NSI What's old becomes new again, with 40 plus years in this business it has proven to be an awesome ride. Read the rest I'm looking for help, I need to reach out to KM, Toshiba and HP principals. I'm willing to offer free Premium/VIP...
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This Week in the Copier Industry Five Years Ago
This Week in the Copier Industry Five Years Ago Second Week of November 2017 sponsored by Just and interesting nugget for everyone that I received via email today. I had a new registration for the Print4Pay Hotel with every registration I check every to make sure that person is somewhat connected to the imaging industry. We don't want scammers and lurkers to ruin a good thing. After reading though the fillable fields, I noticed that the person applying for membership was the production print...
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Toshiba turmoil continues
Toshiba turmoil continues Japan investment Corp.(JIC), a potential bidder to buy Toshiba Corp, has expanded its offer to 900 billion yen ($6.11 billion) according to report from Reuters News It is bidding against Japan Industrial Partners JIC group includes Bain Capital and MBK Partners
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This Week in the Copier Industry Five Years Ago
This Week in the Copier Industry Five Years Ago First Week of December 2017 sponsored by As we move into the last month of the year we need to keep in mind that our sales month of December is very short. With only twenty days available for sales the end of the month will arrive quicker than you think. For me, I need to focus on those opportunities that can close early so that decisions can be made in your time frame. I've found out through the years that you need to help yourself with...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry Five Years Ago Second Week of December 2017 sponsored by About a month ago I had a call from an existing client to meet about upgrading two of their older copiers that they owned and were under a maintenance agreement. That call came from the new IT Director since the existing IT Director was retiring. That meeting went well and since there were four other A3 printers, service has been exceptional, I priced those two MFP's with acceptable gross profit (I'm...
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Japanese Banks Agree to Back Toshiba's Preferred Bidder, Sources Say - Bloomberg.com
Sumitomo Mitsui Banking Corp. and four other Japanese banks plan to lend a total of roughly 1.2 trillion yen ($8.87 billion) to a domestic investment fund to help it buy out Toshiba Corp., a source familiar with the matter said Thursday. Japan Industrial Partners Inc. has already secured an investment offer worth about 1 trillion yen from a group of more than 10 Japanese companies, including Orix Corp. The acquisition of the embattled conglomerate is expected to total between 2.2 trillion...
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This Week in the Copier Industry Five Years Ago
This Week in the Copier Industry Five Years Ago Time sure can fly by! The thread below is for the appointment of Laura Blackmer as Senior VP for Dealer Channel Sales with Konica Minolta. Thus the Print4Pay Hotel congratulates Laura with 5 years of awesome service and support. Enjoy These great Copier Threads from 5 Years Ago This Week! Konica Minolta Appoints Laura Blackmer as Senior Vice President of Dealer Sales Art Post · 12/18/178:35 PM photo-release The executive team welcomes Laura...
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Toshiba accepts $15 billion buyout bid from Japan consortium
Toshiba Corp. accepted a buyout offer from a Japanese consortium, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc., or 4,620 yen per share, it said in a statement. The offer is at about a 9.7% premium to Toshiba’s closing price on Thursday. As the next...
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This Week in the Copier Industry 5 Years Ago
This Week in Copiers Five Years Ago Last Week of March 2018 Real Copier Sales Differentiating the price buyer from the value buyer was a conversation I had last week with one of our VIP/Premium Print4Pay Hotel members. I'll start with why I found this to be an important topic. If you follow or are connecting with many of the sales soothsayers on Linkedin most of them are missing the point when it comes to selling. Note I did not mention sales but "selling" which is the act of closing the...
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ConnectWise Mulls Sale To Private Equity: Sources
MSP platform powerhouse ConnectWise is mulling bids from private equity players, sources told CRN. Among the private equity companies in the running are Bain Capital, according to two people close to the deal. “Bain has been very aggressive,” said one source who valued the company at between $6 billion and $8 billion. “But the big names are all in there.” The other source said the bidding process has heated up recently. “The talk went from ‘ConnectWise is being sold’ to ‘PEs are in their...
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MSP & MSSP Industry Notes for April 16th, 2023
IT, MSP & MSSP Industry Notes Sponsored by April 17th, 2023 Arcoa Group Why partnering with ARCOA makes sense Electronics Recycling is an important and profitable part of the IT asset lifecycle, but it can be overwhelming with all you already do, varying state regulations, and the limited resources at hand. That’s where ARCOA comes in. When you partner with ARCOA, you get all the benefits of a big company without any of the capital investment. We’ve been doing this since 1989 and have...
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Dealer acquisition
Dealer acquisition Mega dealer Pacific Office Automation announced it has acquired Fenton’s Office Solutions, headquartered in Idaho Falls, Idaho Fenton’s serves parts of Idaho, Wyoming and Montana ConnectWise is being put up for sale by its owner, Thoma Bravo, according to a report from CRN magazine Is a large managed IT services provider, headquartered in Tampa, Florida more than 3,000 employees worldwide Was acquired by Thoma Bravo in 2019 Bain Capital, a private equity firm, is rumored...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry 5 Years Ago This Week in Copiers Five Years Ago First Week of June 2018 Real Copier Sales Be Prepared. Is the motto of the Boy Scouts. Someone one asked Based Powell, 'be prepared for what?" Baden responded with, "why, for any old thing." The imaging industry is changing again. There's a new war on the horizon for A3 & A4 MFP's, and it's not A3 vs A4 anymore. It's the war for "toner vs ink". read more here... Enjoy these awesome copier threads from 5...
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Lawrence County Library introduces convenient mobile printing service
Lawrence County Library introduces convenient mobile printing service Lawrence County residents are in for a treat as the Lawrence County Library announces the launch of its innovative mobile printing capabilities, allowing patrons to print documents and materials right from their computers, smartphones, or tablets. Gone are the days of rushing to the library to print out important documents. With the newly introduced mobile printing services, individuals can now send their print jobs...
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Broadband Providers Will Expand for Entire Communities by Leveraging the Calix
Broadband Providers Will Expand for Entire Communities by Leveraging the Calix Broadband Platform and a Growing Portfolio of Managed Services October 16, 2023 11:05 AM Eastern Daylight Time SAN JOSE, Calif.--( BUSINESS WIRE )--This week, at its annual customer event, Calix, Inc. (NYSE: CALX) announced a series of powerful advancements for its cloud and software broadband platform that will further enable any broadband service provider (BSP) to expand into new markets and grow their entire...
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Heartfelt Leadership: The Genuine Path to Client Retention and Revenue Growth.
A heart-centered leadership approach helps you build better connections with your salespeople and your clients. This approach is also a fantastic way to take on the unique challenges of today’s social and business climate. To quote Mac Anderson, "CEOs of the future lead with heart" as quoted in a recent Korn Ferry study. They interviewed more than 100 board directors and CEOs about leadership characteristics necessary for success. They said: “The CEO of the future must be radically human,...
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Digitech Systems Recognized as Outstanding Cloud Information Management System
GREENWOOD VILLAGE, Colo.--( BUSINESS WIRE )-- Digitech Systems is pleased to announce that ImageSilo was chosen by analysts at Keypoint Intelligence for a Buyers Lab (BLI) 2024 Pick Award as Outstanding Cloud Information Management System. Keypoint Intelligence has been the world’s leading independent product evaluator specializing in the information management and imaging industries for more than 50 years. Keypoint Intelligence analysts and lab technicians performed a thorough evaluation by...
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This Week in the Copier Industry 5 Years Ago
This Week in the Copier Industry 5 Years Ago Third Week of January 2019 Real Copier Sales My second appointment of the day proved to one of the most enjoyable appointments I've had in recent memory. It was with an existing account that was in the last 3 months of a 36 month lease for an A3 color MFP. The account only has one, but so do most of my accounts. I'd like to say I flourish with onesies and twosies.... more here View These Awesome Copier Threads Below Konica Minolta Expands...