IT peripheral company Ricoh India today said that it has bagged the Rs. 400-crore managed print services business from software firm Vakrangee Limited.
“Ricoh
India Limited has signed a memorandum of understanding with Vakrangee Limited
for inter alia providing state—of—the—art managed print services (MPS) to
Vakrangee Limited,” Ricoh India said in a regulatory filing.
According
to IDC, Ricoh led copier based Laser MFP market, with a market share of 25.18
per cent in first half of 2015.
“The
total worth of the contract is Rs. 400 crore while the
duration of the contract will be spread to five years,” the company said.Agencies
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