Xerox provides details on recovery plans
• During recent press conference, Xerox executives laid out how the company plans to simplify its operations, making it easier to do business with, as well as how it plans to substantially reduce overall costs.
• For 2019, it expects revenue to be down approximately 5%, and down again 3% in 2020
• Will introduce a new “Powered by Xerox” trademark to leverage Xerox’s innovation and intellectual property across non-Xerox brands.
• Claims it still has the number-one market share in the A3 copier/MFP market, production-printing market, and MPS market
• Forecasts the following for entire market:
o A3 MFP sales to decrease 6% from 2018 to 2020
o MPS sales to grow 3%
o A4 sales to grow 2%
o Production color sales to grow 2%
o Production b/w sales to decrease 12%
o Digital Packaging sales up 11%
• Claims that its current customer base includes:
o Ten of the top-10 global banks.
o Eight of the top-10 telecom companies.
o Ten of the top-10 healthcare payers and providers.
o Seven of the top-10 largest auto and truck manufacturers.
o 50 U.S. state governments.
o Ten of the top-10 universities.
• Claims its channel mix of sales is:
o direct/enterprise = 41%
o XBS (former Global) = 22%
o Dealers/VARs = 31%
Xerox wins solution contract
• Award from City of New Haven, Connecticut
• Includes scanning 1.4 million paper documents from building department.
o 78 cabinets with the overflow of records piled on top and the vaults filled to capacity.
• Xerox will have 92 days to get the permits up on Docushare ECM solution
Ricoh receives bids for its India division
• Kotak Investment and Karvy put in bids for Ricoh India, according to ETNOW
• The committee of creditors (CoC) led by Deutsche Bank is likely to meet soon to decide on the bids.
• Ricoh India, which is facing insolvency, also has minority shareholders are also looking to buy the company
Toner usage continues to grow
• Research published by Market Insights Reports
• Predicts that the market for printer/MFP toner will reach a valuation of $4.3 billion by 2025
• Expected to exhibit a solid 5.8% CAGR in the 2019-2025 forecast period.
• (since the healthcare vertical is the only vertical in the U.S. exhibiting an increase in pages printed, according to Logicalis, PrintAudit, etc., this growth may be driven primarily by the healthcare industry)
Ricoh PPS received certification
• Toner used in Pro C9200, C9100, C7200 and C7100 series has received Smithers Pira certification of conformity
• ensures the toner is in line with European Union food packaging legislation compliance.
• Smithers Pira said that no significant migration or set-off was observed into Tenax, 95 per cent ethanol or isooctane food stimulants under the test conditions.
• The toners were also in line with the standards related to Non Intentionally Added Substances (NIAS).
Ricoh wins PPS contract
• Award from Cirrus Visual, a commercial printer in Tucson, Arizona
• Installed a Pro C9210 production color laser system
• Reasons for choosing included:
o Top speed of 135ppm
o supports media weights up to 470 gsm
o handles banner sheets up to 49” and 40” auto-duplex
o 2,400 x 4,800dpi
o in-line sensors automatically aid front-to-back registration and color calibration
• award from AlphaGraphics of Kansas City of Missouri
o installed new Pro C7210 production color laser system
Big dealer acquires smaller dealer
• Loffler Companies, which has locations in Minnesota and Wisconsin, announced it has acquired Northern Office Outfitters (NOO) of Grand Rapids, MN.
• “Northern Office Outfitters is a quality organization that aligns with Loffler’s core values and business ideology. We welcome the team and look forward to working with them and providing excellent service and technical support to their clients,” explained Jim Loffler, Founder and CEO, Loffler Companies.
Managed print services to grow
• Published by Kenneth Research
• Expects the global MPS market was valued at $28.63 billion in 2016
• Forecasts that will grow at CAGR of 8.64% and reach $61.36 billion by 2015
Dex Imaging acquired by Staples
• Staples, Inc., owned by Sycamore Partners, announced that it has signed an agreement to acquire DEX Imaging
• Dan Doyle, Jr., President and Chief Executive Officer of DEX Imaging, Dan Doyle, Sr., Chairman of DEX Imaging, and their existing executive team will continue to lead the business going forward
• “Staples will continue to strategically invest in companies that can bring added value to our customers in the form of enhanced products and services,” said Sandy Douglas, Chief Executive Officer, Staples, Inc. “DEX Imaging has created h2 relationships with their customers through exemplary service and tremendous industry knowledge in office technology.”
• “Over the past 16 years, DEX Imaging has taken great pride in our ability to continually offer quality products and services, and most of all, provide a superior customer experience,” said Doyle, Jr. “Being a part of Staples will allow us greater access to industry leading technology, and a world class supply chain to accelerate our position as the premier North American print management provider.”
• Industry analysts predict that:
o Staples will now replace all the Xerox devices that are in its stores across the U.S. with a brand that Dex carries
o Dex will provide expertise and talent to Staples so it can grow its managed print services business in the U.S.
o Dex will now ramp up its acquisition strategy to encompass entire U.S., instead of just in the South.
HP details sales of Indigo PPS
• Reached a milestone 1,000th HP Indigo Series 4 presses sold
o Ryan Printing of Blauvelt, N.Y. was recognized as the 1,000th worldwide installation of an HP Indigo Series 4 press
• HP Indigo’s narrow-web Series 3 labels and packaging presses reached 1500 installed units
Toshiba wins award from Better Buys
• Better Buys named the e-STUDIO5015AC series of MFPs as the “2019 Innovative Product of the Year”
• “The Toshiba e-STUDIO5015AC Series is a scalable and versatile line of devices for companies that want to improve their printing, copying and scanning needs,” said Better Buys editor Melissa Pardo-Bunte. “We find these products to be innovative in their own right because of the MFPs’ new Elevate customization platform that offers new functionality to match each customer’s exact needs.”
Kyocera recalls MFPs over fire hazard
• recall applies to models 1620, 1635, 1650, 2050 and 2550
• when users install the optional PF410 paper feed unit, the electrical connector risks breakage
• the breakage can cause smoke or fire
HP to present print/MFP security solutions
• HP announced that it will conduct a presentation about the security risks associated with printers and MFPs at the following upcoming events that will be attended by IT and security compliance personnel from a variety of vertical markets
o CIO Synergy, Charlotte, NC, March 7
o CSO 50, IDG, Scottsdale, AZ, April 8-10
o secureCISO, Minneapolis, MN, May 16
o Evanta, Columbus, OH and Miami, FL, June 25
o SecurIT, IDG, New York, NY, June 19
o CIO Forum, San Diego, CA, Sept 8-11
o CIO Perspectives, IDG, Los Angeles, CA, Oct. 17
o SecurIT, IDG, Chicago, IL, Dec. 11
Canon launches new solution
• releases its new Scan Kiosk II Network Adapter
• connects to compatible imageFORMULA production scanners
• includes a 10.1” color LCD touchscreen that mounts on a flexible stand and can fit on a counter or desktop
• End users can then scan directly to their chosen folder through file destinations configured on the network
• System administrators can create, and lock down, customizable workflows to fit within their data privacy and storage policies
• MSRP $3,495
Canon partners with Barracuda for security
• announced its collaboration with Barracuda Networks, Inc., a leading provider for cloud-enabled security solutions
• “We are excited to work with the exceptional team at Canon Solutions America in offering Barracuda’s innovative computer-based training solution, PhishLine, to organizations they serve,” said Ezra Hookano, VP of Channels at Barracuda. “As threats increase and become more sophisticated, security awareness training is a key element in securing people, brand, and businesses. PhishLine can help prevent email fraud, data loss, and brand damage by training and testing employees to recognize highly targeted phishing attacks.”
• By reselling PhishLine, Canon will offering customers:
o Choice of hundreds of email templates, landing pages and domains.
o Phishline Concierge Service, available for expert campaign design, operation and results reporting.
• Canon’s Peter Kowalczuk stated; “We want our customers to feel empowered, and the Barracuda PhishLine offering encourages a more proactive mindset to security. Organizations of all sizes will have access to easy to use simulation and training that will transform employees from potential victims into the first line of defense against sophisticated phishing attacks.”
Canon to offer EventSentry security solution
• announced the addition of enhanced security capabilities through EventSentry, a hybrid Security Information and Event Management (SIEM) solution
• provides real-time alerts, flexible dashboards, security event log normalization and correlation
• Correlate and monitor event logs and log files in real time
• monitor performance, disk space, services & processes on both physical and virtual (cloud) servers and workstations
• Track processes, console and network logons, file access, account management events, and even policy change events for customers’ compliance efforts with PCI, SOX, HIPAA, CJIS, and others.
• Visualize data with dashboards and a job and reporting feature
o supports granular authentication and sophisticated log searching.
• EventSentry is provided to Canon from NETIKUS.NET of Chicago, IL
Canon survey of millennials on print
• for Valentine’s Day 2018, giving printed romance cards (30%) won out over sending e-cards (7%) for Millennials
• more than half (51%) of Millennials gave someone a printed card for a celebratory moment or a holiday compared to just 18% that sent a digital greeting on those occasions
• Other than watching streaming services (56%), Millennials turn to books (48%) to relax.
• Nearly half of Millennials surveyed say reading a book makes them feel the most relaxed compared to activities like exercising (37%), cooking (37%) and meditating (21%)
• 43% of Millennials used physical calendars and 30% of Millennials used planners for scheduling and staying organized.
M-Files details growth of solution sales
• announced its tenth consecutive year of growth
• grew its annual recurring revenue (ARR) in 2018 by more than 30% over 2017
• recurring revenue from cloud-based service grew at over 70%
• compound revenue growth rate of more than 3,000 percent over the last ten years.
• added over 1,000 new customers in 2018, bringing the total number of customers using the platform to more than 9,000 worldwide
Man caught making gun with 3D printer
• Eric Gerard McGinnis of Texas was arrested in July 2017 after firing three shots in a wooded area north of Dallas with an AR-15-style rifle, which he had partially made using 3D printer
• also he created a list titled “9/11/2011 list of American Terrorists,” which contained the names and addresses of a number of prominent Democratic and Republican lawmakers
Print is top security concern of IT execs
• Print is second only to the Cloud as a top IT security concern, according to the latest research from Quocirca.
• 87% responded that print is still a significant part of their business
• 66% considered print/MFPs top security risk
o second only to Cloud-based services (69 percent).
• 77% are increasing their spend on print security
o comprises 11% of total IT security spending.
• 11% of data breaches are related to print
o 59% of print data breaches lead to data loss
o costing, on average, over $410,000 annually.
• 70% are concerned about malware attacks
• 32% of actual incidents are from accidental actions of internal users
ECM Solution market to boom
• research published by ReportsnReports
• predicts that the Enterprise Content Management (ECM) solution market size is expected to grow from $31.66 billion in 2017 to $67.14 billion by 2022
• will have compound annual growth rate (CAGR) of 16.2%
• cloud- based technology is the fastest-growing deployment type in the ECM market and is expected to grow at the highest CAGR of 18.4% from 2017 to 2022
Man arrested for stealing print cartridges
• Plymouth, Minnesota police arrested
• allegedly stole $240,000 worth of printer ink, and then tried to sell it on eBay
• When caught, the 41-year-old suspect, an employee of Primera Technology Inc., a Plymouth-based manufacturer of specialty printers, admitted to selling some of the ink cartridges at discount to unsuspecting buyers on Amazon and eBay, according to a search warrant affidavit.
• The alleged scheme began to unravel in December after Plymouth police detective Nick Benesch discovered an eBay account selling Primera-stamped ink cartridges at “lower than the reported supplier cost,” the warrant said.
Okidata reports earnings for last 9 months
• net sales down 0.7% to 299.3 billion yen
• operating income of 5.0 billion yen
• Printer/MFP division sales down 3.5% to 76.7 billion yen
o operating income was up 2.5% to 4.5 billion yen
