Business News
ARC Announces Corporate Name Change to ARC Document Solutions
Friday 28. December 2012 - ARC (NYSE: ARC), a leading document solutions company in the U.S., today announced that it will formally change its Delaware corporate name from American Reprographics Company and will henceforth be known as ARC Document Solutions, Inc.
The name change amends the company’s certificate of incorporation, which was filed with the Delaware Secretary of State on December 24, 2012 to be effective December 31, 2012. The company’s NYSE stock symbol, ARC, remains unchanged.
“Changing our name to ARC Document Solutions is both the conclusion of a long-term strategy to consolidate our brand, and the beginning of a new and exciting phase in the company’s history,” said K. “Suri” Suriyakumar, the company’s chairman, president and CEO. “Our role as the consolidator of the reprographics industry has allowed us to establish a very strong position in the AEC industry. With more than one hundred thousand customer relationships built over decades, a unique national footprint, purchasing power with major equipment manufacturers, and ten years of investments in document management software, we have entered the managed print services market place with unparalleled confidence and strength.”
Mr. Suriyakumar continued, “Given our leading position in the reprographics industry, we are amply prepared to handle any reprographics work that comes to us as the result of the slow recovery in the construction space. Meanwhile, our ability to grow organically is positioned to come from our expansion in both MPS and affiliated document management services. It’s an exciting combination and puts us in a strong position for modest growth for the first time since 2008. I can’t think of a better time to update our identity and reflect our new value in the marketplace.”
ARC Document Solutions is based in the U.S. with significant operations in Canada, and a growing presence in China, India, and the United Kingdom. It is the only document solutions company serving the AEC industry that can provide nationwide, comprehensive document management services through a combination of local service facilities in more than 40 states, 13 digital color service centers, online channels including web-based applications, and traditional software. ARC Document Solution’s largest customers are served by its Global Services unit, a corporate sales force focused on large regional and national customers. The company was originally formed in 1997 in California, grew via acquisition to include more than 50 of the nation’s best-known companies in the industry, and in 2005 became a publicly-traded company on the New York Stock Exchange.