http://www.marketwatch.com/story/canon-usa-acquires-north-carolina-based-tereck-office-solutions-inc-2010-05-17?reflink=MW_news_stmp
CANON U.S.A. BUYS NORTH CAROLINA OFFICE
DEALER
Canon U.S.A. Acquires
North Carolina-Based Tereck Office Solutions, Inc.
Asset Acquisition Strengthens Canon’s Ability to
Deliver Canon Solutions to the North and South Carolina Regions
LAKE SUCCESS, N.Y., May 2010 – Working to expand its support
for businesses and provide greater levels of service in the North and
South Carolina regions, Canon U.S.A., Inc., a leader in advanced digital
imaging and software solutions, today announced the acquisition of the
assets of Tereck Office Solutions, Inc., based in Durham, North
Carolina. It will now be a new, wholly-owned subsidiary of Canon
U.S.A.”Tereck has built a tremendous reputation for providing
industry-leading imaging and document management solutions and support
to companies in the North and South Carolina regions and we are excited
to bring Tereck into the Canon family,” said Joe Adachi, president and
chief executive officer, Canon U.S.A. “We take pride in offering the
most comprehensive array of office imaging solutions and this
acquisition will enable us to provide even greater levels of service to
businesses and end-users in the Carolina regions.”
The North
Carolina-based Tereck is an independent value-added reseller of document
imaging and print solutions, including imaging hardware and software,
printer fleet and facilities management services. Founded in 1997,
Tereck has quickly grown into a prominent provider in the imaging market
and was ranked by the Triangle Business Journal among the 50 fastest
growing companies in the Triangle Region and currently has more than 70
employees between two offices.
Tod Pike, who is currently
president of Canon Business Solutions, Inc., will serve as president of
Canon Business Solutions — Tereck, Inc. with Ed Ecker, former president
and owner of Tereck Office Solutions, Inc., remaining with the business
in an advisory role.”We are extremely pleased to join the Canon family
and look forward to providing our customers with the best hardware and
software services for their business needs,” said Ed Ecker, president
and founder of Tereck Office Solutions, Inc. “Through this acquisition,
we will be able to offer our customers an even more robust portfolio of
solutions while also positioning Canon for continued growth in the
Carolina regions.”