Vermont Business Magazine Konica Minolta Business Solutions, USA, Inc, a leader in information management focused on enterprise content, technology optimization and cloud services announced Tuesday the acquisition of SymQuest Group. Terms were not announced. As a wholly owned subsidiary of Konica Minolta Business Solutions, SymQuest Group will continue to deliver innovative, high quality solutions in office automation and operate under the leadership of co-founder Larry Sudbay.
Based in South Burlington, Symquest, with 185 employees, said that there will not be staff reductions at any of its locations (WCAX report), which include Rutland and offices in Plattsburgh, NY; Keene and West Lebanon, NH; and Lewiston and Westbrook, ME. SymQuest reported $40.2 million in sales in 2014 (Vermont Business Magazine Vermont 100+, January 2015). SymQuest sales have doubled since 2005.
Larry Sudbay
“As we examined the strategic options to accelerate our growth, we felt that partnering with Konica Minolta offered the best opportunity for our customers and employees,” says Larry Sudbay, President of SymQuest Group. “With its investment in both people and technology we will be able to expand our offerings and provide our clients with new services to enhance their productivity.”
“The SymQuest Group’s business model with a mix of office document and IT services is a perfect fit for us,” says Rick Taylor, President and COO, Konica Minolta Business Solutions USA. “We are receiving incredible talent and technology which fits both our market coverage and transformation directions. This is an exciting opportunity to help their customers bring their businesses to the next level.”
The acquisition accelerates Konica Minolta’s rapid growth with an increased presence in targeted geographic markets. As part of the agreement, SymQuest Group’s headquarters will remain in South Burlington, Vermont and Westbrook, Maine, and will retain its 186 employees throughout various branch offices and data centers.
SymQuest Group’s customers will have access to Konica Minolta’s award-winning line up of products, applications, and services, including the All Covered IT division which offers a range ofIT strategy, support, project and cloud computingsolutions across all verticals. Ultimately, these enhanced capabilities will enable customers to experience faster and more efficient deliverables.
SymQuest group photo in South Burlington in 2012. Courtesy photos.
SymQuest Group has a 20 year record of success and a national reputation for service excellence and innovation. This is Konica Minolta Business Solutions’ 20th acquisition in the last four years. With 8,000 employees, it is part of Konica Minolta Inc., a world leading global technology company investing more than $500 million annually in research and development. www.symquest.com
About Konica Minolta
Konica Minolta Business Solutions U.S.A., Inc, with 8,000 employees, is one of the world’s leaders in information management focused on enterprise content, technology optimization and cloud services. Our portfolio of offerings deliver solutions to improve our customers’ speed to market, manage technology costs, and facilitate the sharing of information to increase productivity.The All Covered IT Services division offers a range ofIT strategy, support, project and cloud computingsolutions across all verticals. Konica Minolta has won numerous awards and recognition, includingplacement in the Leaders Quadrant on the Gartner 2014 Magic Quadrantfor Managed Print Services (MPS) and Managed Content Services (MCS). Konica Minoltahas been recognized as the#1 Brand for Customer Loyaltyin the MFP Office Copier Market by Brand Keys for eight consecutive years. Konica Minolta, Inc has also been named to the Dow Jones Sustainability World Index for three years in a row. For more information, please visit: www.kmbs.konicaminolta.us and follow Konica Minolta onFacebook,YouTube, andTwitter @konicaminoltaus.
Ramsey, NJ – June 2, 2015 – Konica Minolta