Ricoh Invests Millions in Avanti

“The strategic investment by Ricoh means that we can accelerate product development and expand into new markets," added Bolan, who added that Avanti will continue operating independently.

Bolan told IPG that, as competitors like EFI have purchased other print MIS vendors, customers have wondered about Avanti's future and whether it, too, might become an EFI acquisition. This investment by Ricoh shows that Avanti's future is bright, he said, and the company will continue to grow and get stronger.