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Konica Minolta Acquires All Covered, Inc.

Monday, January 10, 2011

Press release from the issuing company

Ramsey, N.J. -- Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leading provider of advanced imaging and networking technologies for the desktop to the print shop, today announced the company has acquired All Covered, Inc. (All Covered), a leading provider of Managed IT Services to the small- and medium-size business (SMB) market.  A nationwide technology services organization, All Covered delivers a diverse range of services including proactive server management, remote monitoring, cloud computing, on-site network support and consulting through their 22 offices across the United States.
The All Covered acquisition will build upon Konica Minolta’s current Managed IT Services offerings and allow Konica Minolta to extend the reach of solutions and services it can offer its customers.  As a result, customers will be able to count on a single source for a broad range of products and services – ranging from industry-leading MFP products, comprehensive workflow solutions to Optimized Print Services and Managed IT Services, all while delivering exceptional value and support.
“Konica Minolta’s acquisition of All Covered will further enhance our ability to deliver sophisticated solutions to our customer base and accelerate the expansion of our IT services business,” said Rick Taylor, Senior Executive Vice President and Chief Operating Officer, Konica Minolta Business Solutions U.S.A., Inc.  “By integrating the scalable business model of All Covered with our extensive sales and service footprint, we intend to deliver unmatched value to our end users and channel partners.”
“We are thrilled to become a part of the Konica Minolta Family,” said Todd Croteau, President, All Covered, Inc.  “This move will allow us to continue to pursue our growth strategy and expand the range of services offered, benefiting both customers and employees of All Covered”.
"As the printing and imaging industry continues the transformation toward a more services-lead model, it is imperative for market players to integrate more IT-related services as part of a comprehensive product/services package”, said Keith Kmetz, Vice President of IDC Hardcopy Solutions programs.  “Konica Minolta's forward-thinking move to acquire All Covered gives the company instant legitimacy in providing customers with a wide range of the necessary IT services/support offerings, along with an already well-established roster of printing and imaging solutions. The combination puts Konica Minolta in a solid position to capitalize on this market's transformation."
As a result of this transaction, All Covered will be a wholly owned subsidiary of Konica Minolta Business Solutions U.S.A, Inc.  All Covered will continue to deliver exceptional support for its customer base while expanding its services to Konica Minolta customers.


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