Mars International Presents This Week’s Top 5 Imaging Industry Business Updates

The world of imaging never stops evolving and this week has been no different, with significant capital commitments, promising earnings, and intriguing discussions shaping the business landscape. Here are this week’s top 5 stories, sponsored by Mars International, your trusted source for quality, pre-owned copiers.

1. Visual Edge IT Receives Major Institutional Capital Commitments

Visual Edge IT™ (VEIT), renowned for its managed IT services, security, and cloud computing, has secured new capital commitments totaling $40 million from Encina Private Credit and funds managed by Ares Management. These funds, aimed at supporting VEIT’s long-term growth objectives, will continue to drive investment in top-tier print and IT solutions for both new and existing customers.

2. Xerox Reveals Q2 2023 Earnings Growth and Uplifts Future Guidance

Xerox Holdings Corporation has released a promising Q2 2023 earnings report, with revenue reaching $1.75 billion, marking a 0.4 percent growth. Despite a decrease in GAAP EPS to $(0.41), the company announced an adjusted EPS of $0.44, witnessing an increase of $0.31 year-over-year, setting the stage for a promising future.

3. CDA Cincinnati: A Confluence of Knowledge and Networking

The Copier Dealer Association (CDA) Conference held at the Hyatt Regency Cincinnati served as a prime gathering for the industry’s leading minds from July 18 to 21, 2023. The event fostered an environment of insightful discussions, networking sessions, and educational presentations, enhancing the overall experience for those in the office equipment industry.

4. The Future of Print Management: Focus on Cloud, Security and Sustainability

The latest print management panel discussion hosted by Andy Slawetsky of Industry Analysts Inc. united industry experts to address the critical subjects of Cloud, Security, and Sustainability. The panel spotlighted the insights of two distributors of the highly-rated PaperCut solutions, Mark Hart of ACDI and Dominick Bracero of ecoprintQ, alongside Martin Janus, CEO of MyQ, and Robbie Morris, a Solutions Specialist with MyQ.

5. Konica Minolta Honors Top Performing Dealer Partners at 2023 Top 25 Dealer Event

Konica Minolta Business Solutions U.S.A., Inc. continues to celebrate its dealer partnerships, acknowledging the impressive accomplishments of its top dealer partners at the FY23 Top 25 Dealer Event. The event lauds the commendable performance of dealers during the company’s 2022 fiscal year.

In the midst of these industry advancements, Mars International remains committed to providing an exceptional range of off-lease and repossessed office equipment to dealers. Thanks to enduring relationships with some of the world’s largest leasing companies, Mars assures top quality and functionality with a meticulous control and equipment handling process. Remember, for top-tier pre-owned office equipment, Mars International is your dependable partner.

SOURCE Industry Analysts Inc.