Ricoh India joins hands with Siemens for digital lifecycle management software

India: Ricoh India, imaging solutions and IT services company have partnered with Siemens to strengthen its position as one stop solution provider to manufacturing companies.

Ricoh India partnership with Siemens focuses on to offer digital lifecycle management softwares, named NXTM and Teamcenter®. NXTM is a collaboration software which enables designers, engineers, and on a broader level the organization to collaborate; and Teamcenter® simplifies the Product Lifecycle Management (PLM).

These two softwares will be distributed through Ricoh India network of 24 offices in the country. However, Ricoh Group is headquartered in Tokyo and operates in about 200 countries and regions.

The key strategy behind the partnership is the provide easy accessibility of innovative softwares to the manufacturing sector across India and also, to support the Make in India initiative, as stated by the managing director of Ricoh India Manoj Kumar. He also added that the Tamil Nadu is the major market for Ricoh India and the states plays a crucial role in the overall growth plan of the company. The company aims to have INR 200 Crore business from Tamil Nadu.

The company is growing with the aggressive growth rate of over 50 percent from the last four years and is very optimistic to witness the same growth in the coming year 2016.

According to TechSci Research, India IT ecosystem is entering into the innovation phase where the companies are utilizing each other strengthens to grow into the market. The partnership between Ricoh India and Siemens is an apt example. Ricoh India utilizes Siemens product capabilities while Siemens is getting the benefit of Ricoh network in India to enhance sales and revenue.