Toshiba America Business Solutions (TABS) has announced that it has acquired Electro Imaging Systems, Inc. (EIS), an independent office equipment dealer located in Livermore, CA.
EIS, which does not currently sell Toshiba products and solutions, will become part of TABS' Toshiba Business Solutions (TBS) division. EIS is TABS' 56th dealer acquisition and the first since 2008. EIS was founded in 1994 as a reseller of Gestetner copiers and multifunction printers. Today, the company offers document and network management solutions, managed print services and office phone systems in addition to the sales, service and support of office printing systems.
“We are very pleased to add a quality organization like EIS to the Toshiba family,” said Scott Maccabe, president and CEO of Toshiba America Business Solutions, Inc. "Toshiba is continuing to target strategic acquisitions to expand Toshiba Business Solutions in select U.S. markets. We expect EIS to be the first of several acquisitions designed to help fuel our ambitious growth strategy."
"When for personal reasons I decided to sell EIS, I looked for a company that I believed would build upon the solid foundation that we've created here," said Qasim Tarin, former owner of EIS. "Toshiba has an excellent reputation for growing its acquired dealerships and providing employees and clients with excellent support and superior products. EIS' employees and clients are in great hands with Toshiba."
Larry White was right. When we interviewed him a month ago about his new position as chief revenue officer he mentioned that Toshiba was gearing up to acquire again after an eight-year hiatus. Little did we realize just how quickly the company would announce its first acquisition. For the record, EIS sells Ricoh and Xerox MFPs, and Canon large and wide-format products. With one acquisition down, we’re expecting a few more to come over the next 12 months.
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