IKON Office Systems
IKON was the largest independent provider of document management systems and services until it was purchased in late 2008 by Ricoh, a manufacturer of office equipment, for $1.62 billion. It is the largest purchase to date for Ricoh. IKON had been under pressure to maximize shareholder value after layoffs and 11 consecutive periods of declining revenue. It was No. 96 on the 2009 VAR500.