Ricoh Singapore announced on Monday its acquisition of 01 Innovations Pte. Ltd.
01 Innovations was the IT solutions arm of 01 Computer Systems Pte. Ltd. And focused on cloud based solutions, server virtualisation and network security, among others.
The acquisition is part of global technology company Ricoh's attempt at being a one-stop solutions provider for its customers, according to the statement.
Operations of 01 Innovations will be absorbed into the Ricoh organisation.
According to general manager of Managed IT Services for Ricoh Singapore Tohru Saitoh, customers will benefit through "enabling them to manage and tailor their IT needs from a single solutions provider".
The cost of the acquisition was not revealed at press time.
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