Ricoh acquires Presentation Products Inc.
Ricoh acquired Presentation Products, Inc. (PPI), a New York-based audiovisual integrator, in a deal designed to broaden Ricoh's digital services presence in North America and to support its workplace experience agenda.
The company said the acquisition expanded Ricoh's digital services portfolio in North America and built on the capabilities of Cenero, Ricoh's wholly owned managed Antivirus Software (AV) services provider, as part of a wider effort to address changes in workplace environments.
Pipeline Parallel Inference (PPI) brought a team of about 100 specialists in audiovisual work, engineering, design, and technology integration and served enterprise clients across finance, legal, media, and other high-value sectors; its offerings covered AV, IT, collaboration platforms, and managed services.
Ricoh and PPI outlined plans for integration work to preserve service continuity and client support, and PPI employees will join Cenero within Ricoh's digital services organization with access to expanded career paths, training, and resources; Trafalgar Capital Partners facilitated the transaction.
“Ricoh is investing in high-growth digital services that enable enterprises to build more connected, collaborative, and intelligent workplaces,” said Bob Lamendola, Chief Digital Services and Delivery Officer, Ricoh North America. “PPI's strong reputation, deep technical expertise, and established presence in New York City, the largest AV market in North America, will immediately increase our ability to deliver integrated workplace solutions at scale.”
Ricoh described the acquisition as a milestone in its global strategy to invest resources in businesses with future growth potential such as Workplace Experience and said it remained focused on advancing global workplace services capabilities, including AV integration.