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Monday, January 24, 2011

Ricoh invests $300 million in managed document services

Ricoh Co will invest $300 million to bulk up its document management business, capitalizing on corporate demand for services such as paper scanning and storage while cutting its reliance on printer sales. The Japanese company, which will make the investment over the next three years, is the latest of a string of rivals including Xerox Corp and Canon Inc to announce expanded offerings to corporate clients.

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