"FOR IMMEDIATE RELEASE"
MISSISSAUGA, ON – June 11, 2014 – Ricoh Canada Inc. announced today that it has signed a definitive agreement to acquire Commonwealth Legal Inc. The acquisition is anticipated to close within the next 60 days.
The transaction provides tremendous benefits for both organizations, and significantly impacts the quality of products and services available to Canadian customers in the litigation support services space. Commonwealth Legal will continue to service their customers as they do today, and will effectively remain unchanged from an operational perspective.
According to Glenn Laverty, President and CEO of Ricoh Canada, “Commonwealth Legal and Ricoh Canada are an ideal fit for each other. The mark of a great acquisition is where both parties gain a competitive advantage, and are able to mutually show an immediate and positive impact. This is the exact scenario we have here.”
Commonwealth Legal is a well-respected litigation support and ediscovery provider that specializes in secure cloud-based ediscovery and archiving solutions and services with an emphasis on security, quality and defensibility. This expertise, along with their unique Managed Services offering, complements Ricoh Canada’s strong reputation for Legal Document Services (LDS) – a portfolio of services that deliver Document Management/Content Management offerings, including document imaging and IT services, tailored specifically to the legal market.
“As a division of Ricoh Canada we will be able to combine our expertise and technology solutions with Ricoh’s capacity, resources, and commitment to customer service,” says Karen Brookman, President of Commonwealth Legal. “We have always operated as a specialized boutique service provider to Canadian law firms, government agencies and corporations. Now as part of Ricoh Canada, a trusted Canadian company with global reach, we will deliver an unparalleled full-service offering to our clients with more ease and accessibility than ever before.”
By combining Ricoh’s existing LDS expertise and its expansive national distribution footprint with Commonwealth Legal’s leadership in the Canadian Litigation Support Services space, a best-in-class provider has emerged. According to Mike Fast, VP of Services Delivery at Ricoh Canada, “This move provides Ricoh with real acceleration into the more advanced elements of the LDS space – and the broader Litigation Support Services arena – and simultaneously provides Commonwealth Legal with a springboard for growth. It’s the proverbial win-win.”
Once the acquisition is complete, Commonwealth Legal will formally move forward as a division of Ricoh Canada Inc.
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,236 billion yen (approx. 21.7 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about.
Commonwealth Legal is the Canadian leader for secure cloud-based ediscovery and archiving solutions with a focus on providing secure, high quality solutions that are cost effective for clients. With 15 years of experience servicing both Canadian and international markets, Commonwealth Legal has built a strong reputation for unparalleled customer service, quality control levels, expertise and professionalism.
Commonwealth Legal offers the most comprehensive range of litigation technology solutions and has the largest and most experienced professional services team in Canada. As the first company to offer secure, cloud-based solutions to the Canadian legal market beginning in 2000, Commonwealth Legal has developed key partnerships with the industry's leading providers. In 2008, Commonwealth Legal proudly became the only ISO 9001:2008 quality-certified ediscovery provider in Canada.