U.S.A. As manufacturing ventures in plastics, machinery, rubber, and chemicals had not grown as rapidly as the distribution units, the manufacturers were merged into Alco Industries in 1984 and sold to its managers, with Veale keeping a minority stake. The Office Products group advanced rapidly due to strong cash flows and other strategic divestitures. 50. Ikon accounts for two-thirds of Alco's operating profit. Veale was born in Topeka, Kansas, on December 26, 1914, and earned a Bachelor of Science degree in Mechanical Engineering from Case Institute of Technology, Cleveland, Ohio, in 1937. The New York Stock Exchange listing became IKN. International Directory of Company Histories. IKON emphasized their customer-focused, value-driven approach by being profitable, generating strong cash flow, and building shareholder value, according to CEO Forese. Company History. In 2000, Business Document Services and Legal Document Services were integrated into IKON North America along with the network integration capabilities of Technology Services to support the shift toward providing higher-end, networked digital equipment and related services. In 1999, though, IKON began to change the structure of its operations in order to function more effectively as a “one-stop” provider of integrated solutions matched to customer’s business communications needs. Most online reference entries and articles do not have page numbers. It was the world's largest independent provider of document management systems, copiers and services until it was purchased by manufacturer Ricoh in 2008. In 1996, Alco acquired 97 businesses, and the following year spun off Unisource. A telecommunications expert, Christensen came to the Bay Area two weeks ago to handle some "phone problems" involving a subsidiary of IKON Office Solutions, said his … International Directory of Company Histories. Source: International Directory of Company Histories, Vol. In 2001, IKON introduced a customized e-catalog, IKON Online, a Web-based means of ordering contracted equipment and supplies, placing service calls, and submitting meter readings. By the end of September 1996, revenues had reached $4.1 billion. Web site: http://www.pitneybowes.com IKON Europe revenues decreased by 6.9 percent in fiscal 2001, due mainly to the impact of foreign currency translation and a decrease in sales of technology hardware, offset by an increase in revenue from the sale of office and production equipment. These actions were taken as a result of IKON's plans to eliminate or downsize certain business lines in 2002 that did not present long-term potential or fit strategically with IKON's core offerings, namely equipment sales, outsourcing, equipment service and supplies, and leasing. By 1968 52 companies had been acquired. Although a leader in its field, IKON experienced a 3.2 percent loss in revenues in 2001 due to decisions to de-emphasize or close down certain hardware and service offerings and the impact of a slowing economy. Four years later, he married Harriett Alice Ernst, the daughter of A.C. Ernst of the accounting firm Ernst & Ernst. International Directory of Company Histories. “Gold for IKON,” Printing World, April 22, 2002, p. 10. With his youth and newly found wealth, Veale retired to breed and race horses and invest his money. IKON earned the designation as the largest independent distributor of office equipment in North America and the leading direct distributor for both Canon and Ricoh products. ... (EIG) in LA focused on LED solutions for commercial office buildings and Trade Association energy efficiency program management. Another 123 companies were purchased during fiscal years 1997 and 1998, but profits dropped. Formed the Energy Services division focused on providing outsourced energy management services. Ikon Office Solutions. Publi…, One Elmcroft Road Click here to learn more --> Three years later, Alco merged with V & V Associates, setting into motion a partnership strategy that would witness the birth of the Valley Forge, Pennsylvania-based conglomerate, Alco Standard Corporation. IKON integrates copiers, printers and MFP technologies and document management software and systems to deliver tailored high-value solutions, implemented and supported by its team of service professionals. Get reviews, hours, directions, coupons and more for Ikon Office Solutions at 440 W 200 S Ste 400, Salt Lake City, UT 84101. ¶1 IKON Office Solutions, Inc. (IKON) appeals the trial court's order and judgment awarding Uinta Business Systems, Inc. (Uinta) attorney fees and costs in the amount of $73,777.52. Veale served as president of Alco Chemical until 1954 and director until 1986. St. James Press, 2003. IKONSupplies.com was implemented as a public site which would allow customers to order low-end equipment and supplies via the Web. IKON University was implemented to provide programs in sales, management and leadership, project management, and technology training. Free forex prices, toplists, indices and lots more. In 1999, Marconi, PLC (U.K. General Electric) awarded IKON a multi-million dollar contract to provide all document production for Marconi locations worldwide. Ikon Office (IKN) stock price, charts, trades & the US's most popular discussion forums. Alco Standard Focuses on Office Products and Paper Distribution. Telephone: (703) 841-7800 ." IKON Office Solutions, Andover MA IKON provides total business solutions, including copiers and printers, color solutions, distributed print, facilities management, imaging and legal document solutions, as well as network design and consulting, and e-business development. See In re IKON Office Solutions Sec. IKON’s outsourcing business offered complete facilities management services, and was the leading provider to the legal community, providing onsite and offsite production and distribution of specialty legal documents, enhanced by digital scan-to-file services and document-coding. IKON North America now provided copier and printer equipment and facilities management services throughout North America and included the Company’s captive financing subsidiaries in North America. Groton, Massachusetts 01471 Then, copy and paste the text into your bibliography or works cited list. 2018. As a result, James Forese, newly elected president and CEO, cut IKON's workforce by about 3,000 between 1998 and 2000 to reduce expenses. Therefore, that information is unavailable for most Encyclopedia.com content. Factual History IKON, which is headquartered in Malvern, Pennsylvania, supplies copiers, printing systems, and related services throughout the United States, Canada, and Europe. In 1960, Veale and his associates formed a holding company, V & V Associates, and bought a large minority share in Alco Oil and Chemical, which in 1962 was renamed Alco Chemical. Telephone: (404) 853-1000 Other revenues decreased by 9.6 percent. In their complaint they alleged that Ernst, IKON's accounting firm, … Business Services concentrated on providing office equipment; Document Services concentrated on the production of large quantities of legal and business documents; and Technology Services concentrated on furnishing networking and systems analysts expertise. We acquired the European operations of Danka Business Systems PLC in 2006 and bought IKON Office Solutions, Inc., in 2008 to build a global sales support structure. I was very bad at being a retired man.”. IOS Capital would later become one of the largest captive finance companies in North America. Overall decreases resulted from decreases in net sales, and service and rentals revenue. 2021 Ikon Office Technology | Disclaimer Website Designed by Modern Web Presence Google+ Our solutions include Multifunction digital mono & colour - printers, scanners, fax, copiers, PABX telephone systems, Archive and document management solutions suppliers Fax: (703) 841-7882 Alco's largest purchase came in 1995 with the acquisition of the Southern Business Group PLC, a UK-based copier distribution and service company, which was renamed A:Copy (UK) PLC. IKON uses copiers, printers and multifunction printer technologies from leading manufacturers and document management software and systems from companies like Captaris, Kofax, and EFI. Its shares are traded publicly on the New York Stock Exchange. (312) 251-0300. These units (and Business Imaging Systems) remained part of the Other segment. IKON emphasized their customer-focused, value-driven approach by being profitable, generating strong cash flow, and building shareholder value, according to CEO Forese. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. "IKON Office Solutions, Inc. Commons is a freely licensed media file repository. The decreased revenues related to the telephony and education operations, from which the company exited in the fourth quarter of 2001. In addition, separate units were established for e-Business development, named Sysinct, as well as Education and Telecommunications. Veale was born in Topeka, Kansas, on December 26, 1914, and earned a Bachelor of Science degree in Mechanical Engineering from Case Institute of Technology, Cleveland, Ohio, in 1937. Timeline of IKON's Growth. In 1999, Marconi, PLC (U.K. General Electric) awarded IKON a multi-million dollar contract to provide all document production for Marconi locations worldwide. Description: IKON Office Solutions, a Ricoh company, is a leading provider of innovative document management systems and services. The decreased revenues related to the telephony and education operations, from which the company exited in the fourth quarter of 2001. “IKON Office Solutions,” Hoover’s Handbook of American Business 2002, Austin: Hoover’s Inc., 2001, pp. The Office Products group advanced rapidly due to strong cash flows and other strategic divestitures. The company’s acquisitive period ended in the second quarter of 1998, and at that time, the Company was structured into three divisions—Business Services, Document Services, and Technology Services. In 1987, IOS Capital in Macon, Georgia, was formed to provide lease financing primarily for office equipment marketed in U.S. marketplaces. Fax:478-238-2376. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. As consumers, we often take for granted all the hard work that goes into building a great company. Fax: (651) 481-4163 Going global. The paper distribution business was spun off to shareholders in December 1996 as a separate, publicly owned company. We affirm the award of attorney fees and costs, but remand for reconsideration of the amount. In addition, separate units were established for e-Business development, named Sysinct, as well as Education and Telecommunications. 3680 Victoria Street North Overall decreases resulted from decreases in net sales, and service and rentals revenue. IKON Integrates Operations into Three Major Business Sectors. The success of Veale’s strategy was based on buying small, privately owned companies with cash and Alco Standard stock, and making the proprietors his partners. IKON Office Solutions is a Document Management company. Develop custom applications for customers. Company Profile, Contact information, Current and former Employee directory, Corporate history, state/tax IDs. 70 Valley Stream ParkwayMalvern, Pennsylvania 19355U.S.A.Telephone: (610) 296-8000Fax: (610) 408-7025Web site: http://www.ikon.com, Public Company Incorporated: 1952Employees: 37,600 (2001)Sales: $5,274 billion (2001)Stock Exchanges: NYSETicker Symbol: IKNNAIC: 421420 Office Equipment Wholesalers; 323119 Other Commercial Printing; 541511 Custom Computer Programming Services; 541512 Computer Systems Design Services; 421690 Other Electronic Parts and Equipment Wholesalers; 532420 Office Machinery and Equipment Rental and Leasing; 422120 Stationery and Office Supply Wholesalers; 561439 Business Service Centers. In 2001, it financed more than 75 percent of all IKON North America’s equipment sales, a percentage that has increased steadily from 67% in 1999. 193 W 2100 S Salt Lake City, UT 84115-1828. Appellants are representatives of a certified class consisting of all persons who purchased common stock, convertible preferred stock, and/or call options of IKON Office Solutions, Inc. ("IKON") from October 15, 1997, through August 13, 1998. IKON Office Solutions, Inc. remains one of the world’s leading providers of products and services that help businesses communicate. 1420 Peachtree Street, N.E. U.S.A. Suite 200 Alco Standard branched out into a variety of industries, including electrical, metallurgical, and distribution businesses; coal-mining; and paper distribution. Web site: http://www.deluxe.com Fax: (978) 449-3419 In 1996, IKON began an acquisition strategy that was focused on supporting IKON's total office solutions strategy announced in early 1996. IKON also provided imaging services through its Business Imaging Services segment and it provided e-business strategy and solutions design through Sysinct. Veale was born in Topeka, Kansas , on December 26, 1914, and earned a Bachelor of Science degree in Mechanical Engineering from Case Institute of Technology, Cleveland , Ohio , in 1937. 2021
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