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Company: IKON

Description: IKON Office Solutions, a Fortune 1000 company, was established in 1952 at Ohio, USA. Since 1956, the company was registered as a Pennsylvania Corporation and was a member of the ALCO Standard Company. In 1997, the company changed its name from ALCO Standard Corporation to Ikon Office Solutions.

Ikon Office Solutions is principally based at Malvern, Pennsylvania. In 1998, the company’s Chief Executive Officer, Mr. James J. Forese introduced the company to an operational transformation process. From a decentralized holding, the CEO changed the company into an integrated operating firm that would have the capacity to provide top of the line management services and products.

In 2002, the company’s leadership changed hands when Mattew J. Espe was installed as the new President and CEO of Ikon Office Solutions.

Ikon Office Solutions’ mission statement is to assist clients in managing document workflow and at the same time increase efficiency and promote the growth and personal development of its employees. The company targets of becoming the principal instrument of distribution to the suppliers as well as stakeholders.

The company is regarded as the largest provider in the world of management services and systems. It considers itself as a leading provider of top of the line and sophisticated products and services to enable its clients to easily manage document workflow with the goal of increasing productivity and efficiency. Ikon Office Solutions has field offices spread across North America and Europe.

Ikon utilizes copiers, printers including Multifunction Peripheral (MFP) technologies from premier developer and makers such as Minolta, Konica, Hewlett Packard, Ricoh and Cannon. The company also makes available to various companies its document software and systems for the delivery of specially made solutions. Companies that are known to use Ikon’s products are EFI, Kofax and Captaris.

The company has the widest range of product and service portfolio when it comes to document strategies, technological products, financing for lease of equipment and outsourcing.

As testament to the company’s position as the world’s biggest distributor of management products and services, the company earned a revenue of around $US 4.2 Billion for the year 2007. To date, the company has over 24,000 employees working for more than four hundred offices and branches spread throughout the world.

In 2008, Ikon Office Solutions was acquired by Ricoh for US$ 1.6 billion.

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