DIGITAL Digest

ARMONK, NY/TOKYO—Ricoh and IBM have formed a joint venture company based on IBM’s Printing Systems Division. The deal calls for the new InfoPrint Solutions to become a fully owned subsidiary of Ricoh after three years. It is expected to remain based in Boulder, CO.

While the business is said to be “very profitable,” IBM realized it couldn’t continue to grow and change the business at the rate needed, according to Nick Donofrio, executive vice president.