Ricoh has acquired Lucerne-based Axon Ivy and its renowned digital process automation platform. The acquisition will give Ricoh customers direct access to a powerful, industry recognised process automation and orchestration platform with low code/no code software capabilities.
Axon Ivy is an early mover in digital process automation. Headquartered in Switzerland with offices in Austria, Germany and subsidiaries in the US and Singapore, the company has built one of the most reliable and easy to use digital process automation platform and have a very successful track record in Central Europe.
Axon Ivy will continue to operate under its existing name as a Ricoh group company and all employees of Axon Ivy will be retained. Axon Ivy will continue to provide its customers and partners the same levels of service as before. In addition, Axon Ivy customers will have ready access to Ricoh’s global reach and broad porfolio of digital services capabilities, designed to provide a seamless digital workplace experience, supporting organisations to realise new innovations, better security and increased sustainability through technology.
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.”
The deal is the second spectacular trade-sale for Axon Ivy founder Stefan Muff. In 2006 he had already sold his company Endoxon to Google.
(Press release / SK)
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