WeP Solutions and Ricoh Asia Pacific enter into a Distributor Agreement


Bengaluru, 6th November 2019: WeP Solutions Limited (‘WeP’), a BSE listed company and Ricoh Asia Pacific Operations Limited (“Ricoh”) have entered into a Distributor Agreement. Under this agreement, WeP has the rights to sell and service Ricoh’s product portfolio that address the digital printing market in India.

Ricoh’s portfolio complements the current product and services offering of WeP. With Ricoh products, WeP will now be able to address the entire digital printing market including office automation, industrial and commercial printing.

Commenting on this development, Mr. Ram N Agarwal, Chairman and Managing DirectorWeP Solutions said, “WeP Solution’s 30 years track record with the Indian customers and Ricoh’s technology leadership will benefit Indian customers by providing them with unparalleled state-of-the-art digital printing and office automation solutions. With this association, Indian customers can get a one-stop solution to all their printing needs with cutting-edge technologies.”

Commenting on this development, Mr. Kazuhisa Goto, Managing Director of Ricoh Asia Pacific Pte Ltd stated, “Businesses are constantly faced with challenges to be more efficient, cost-effective and keep up with technological advancements. Ricoh’s innovative offerings aim to help businesses overcome these obstacles so they can focus on meeting the needs of their customers. Through this strategic partnership, we will work together to deliver and support solutions that empower digital workplaces.”

About WeP

WeP Solutions is a BSE listed company with presence in three business segments viz. Managed Printing Services (MPS), WeP Retail and WeP Digital. The three segments operate in distinct domains and reach out to different sets of customers. WeP MPS pioneered the concept of MPS in India and provides end to end digital Printing Solutions, WeP Retail offers unique billing and business solutions to the unorganised MSME and retail sector in India, WeP Digital offers GST, Aadhar, Document Management solutions to enterprises customers.

About Ricoh

Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, communications services, commercial and industrial printing, digital cameras, and industrial systems.
Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2019, Ricoh Group had worldwide sales of 2,013 billion yen (approx. 18.1 billion USD).

For further information, please visit www.ricoh.com

Forward-Looking and Cautionary Statement

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements.

 WeP will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For further information, please contact:

Rachna Kapoor – (9930991574; [email protected])

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