KYOCERA Document Solutions America has announced the acquisition of DataBank IMX. This acquisition represents an extension of the successful alliance between KYOCERA and DataBank, formed in 2016. DataBank is considered the single largest North American reseller of Hyland OnBase, a global enterprise content management (ECM) solution platform.
For both firms, joining forces represents a significant leap forward in capabilities, bringing together an award-winning business process solutions provider and a global total document solutions provider, according to Kyocera. Together, Kyocera says both companies have the financial power to further their investment in the expansion of custom services and advanced document workflow scanning and printing solutions; offering customers a new level of consultative expertise in simplifying complex workflows, managing mission-critical information, and optimizing business performance. In addition, the direct integration of their collective offerings provide a true end-to-end total solutions approach; the net result is the ability to better serve their valued customers.
“Coming together with Kyocera is a tremendous opportunity for our existing and prospective customers,” said Chuck Bauer, CEO at DataBank. “The acquisition will enable us to offer innovative new solutions and services tailored to rapidly changing market needs.”
DataBank is a provider of business process automation solutions, with offices across the United States. Since 1991, the company has helped organizations maximize productivity and reduce operational costs by streamlining document, data and workflow business processes, according to a Kyocera press release.
The new relationship with Kyocera will reportedly open new service opportunities for DataBank while the acquisition of DataBank builds on Kyocera’s expertise in data beyond the document, further supporting its capabilities as a true Total Document Solutions (TDS) provider.
“DataBank has already proven to be an outstanding partner,” explained Yukio Ikeda, president and CEO of KYOCERA Document Solutions America. “We’ve confirmed that not only are we truly complementary partners on a product and service level, but also that we share the same passion and commitment to our customers. As a combined entity, we can accelerate our own growth as we collaborate on developing new ways to help our customers thrive.”
The business optimization products and solutions created by the acquisition are available to companies and organizations throughout North America. These services are offered through DataBank’s nationwide team of BPI specialists, through Kyocera’s national network of authorized resellers, as well as through Kyocera’s Direct Sales Organization, and its Enterprise, Strategic, & National Accounts Division.
I have to admit I didn’t see this coming even after being invited by Danielle Wolowitz of Kyocera to attend a Hyland Software end user conference last year where Kyocera and DataBank announced their partnership as well as at this year’s Kyocera dealer meeting where DataBank had a significant presence in the product and solutions showcase. The clues were right in front of me yet somehow I missed them. Another factor that I should have taken into consideration is that Kyocera as a company is still highly profitable and when an opportunity to acquire a solutions provider of the stature of DataBank, the company clearly did not blink. We view this acquisition as a terrific asset and value add to not only Kyocera but it’s dealer channel who already had access to the solutions and resources of a well-respected organization like DataBank. In an imaging industry that’s become increasingly solutions oriented, this deal looks to be a winner for everyone involved.
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