Xerox is focused on enhancing and expanding its channel reach, particularly in the $20 billion multi-brand reseller space. The acquisition of MT Business Technologies by GIS opens new market opportunities in Ohio, including large metropolitan areas such as Cleveland and Columbus, which offer strong growth potential.
“We’re joining forces with one of Ohio’s most respected office solutions companies,” said Michael Pietrunti, SVP, acquisitions, corporate services and marketing, GIS. “This gives us the opportunity to expand our local network and generate increased revenue, while also providing more customers with industry-leading technology and innovative services to meet today’s business needs.”
MT Business Technologies president Chuck Rounds, who has been with the organization since 2000, will remain company president after the acquisition.
Terms of the agreement were not disclosed.