ReadSoft enters cooperation with Ricoh Europe through new partner agreement

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Ricoh, a global technology leader, specializing in the office and production printing markets, has signed a partnership agreement with ReadSoft. This pan-European agreement expands the existing relationship between ReadSoft and Ricoh in France and the Netherlands to include other countries across the EMEA region. More businesses will now benefit from fully integrated end-to-end document management services.

Ricoh works with organizations around the world to modernize work environments and optimize document processing efficiency. With a presence in more than 150 countries, Ricoh is a global provider of comprehensive document process automation solutions, expert consultancy, outsourcing, production printing and print management.

“The partnership between ReadSoft and Ricoh in France and the Netherlands has been very successful for many years,” says Ragnar Janson, Vice President of International Sales at ReadSoft. “We are very glad that Ricoh has decided to extend our valued partnership to include the rest of Europe. This agreement represents substantial opportunities for both ReadSoft and Ricoh to further develop our business into new markets within the region.”

Over 6,500 enterprises around the globe automate financial document processes such as data entry, document classification, and information matching against ERP systems, document workflows, e-invoicing and more with ReadSoft to achieve faster and less expensive document processing and increased control. The agreement enables Ricoh incorporate ReadSoft’s software to meet the needs of its customers via Ricoh’s operating companies across Europe. Through close collaboration with ReadSoft, Ricoh will also be able to expand its document management services.

“ReadSoft has an excellent range of software solutions which support our document management portfolio and ensure we are continuing to deliver a total service for our customers. Businesses today are seeking partners that will provide a best-in-class service, extending beyond providing the component parts only. Ricoh is delighted to work with ReadSoft to meet this demand” says Jim Potter, Executive Vice President, Operations, Ricoh Europe.

“Ricoh is one of our biggest partners and we look forward to working with Ricoh Europe more extensively via the pan-European agreement,” comments Jan Andersson, CEO at ReadSoft. “This agreement is in line with our overall strategy to increase partner sales worldwide. Together with Ricoh, we are confident that we will deliver world-class solutions helping enterprises to achieve their full potential, driving process efficiencies, and substantial long-term savings.”

For additional information, please contact:

ReadSoft AB                                        
Jan Andersson, President and CEO                       
Phone: +46 708 37 66 00
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com   
Ragnar Janson, Vice President, International Sales
Phone: +46 733 37 86 95
Email: ragnar.janson@readsoft.com 

Ricoh Europe PLC
Janice Gibson
Tel.: +44 20 7465 1153
E-mail: press@ricoh-europe.com

About Ricoh
Ricoh Company, Ltd (“Ricoh Company”) is a global technology leader, specialising in the office and production printing markets. Ricoh works with organisations around the world to modernise work environments and optimise document efficiency. With over 108,500 employees worldwide, it operates in Europe, the Americas, Asia Pacific, China and Japan.
Ricoh Europe Holdings PLC is a public limited company and the EMEA headquarters of Ricoh Company with operations located in London, United Kingdom and Amstelveen, the Netherlands.

In the fiscal year ended 31 March 2010, revenues from Ricoh's EMEA operations totalled over YEN 458.5 billion. Ricoh Company's worldwide sales totalled over YEN 2,016 billion during the year ended 31 March 2009. www.ricoh-europe.com  

About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft’s software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world’s number one choice for invoice automation solutions. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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