Kodak Seeking Buyer for Document Imaging Division

On Thursday, August 23rd (or yesterday, for those of us still stuck in the office on this beautiful Friday afternoon) Kodak announced that the company is in search of a buyer for its Document Imaging division. Naturally, this move caused quite a stir which led to many questions surrounding the future of those who have partnered with - and purchased from - Kodak Document Imaging. Although we certainly had some questions of our own, in all honesty we feel it couldn't be a better move.

For years Kodak's Document Imaging division has been one of the most (if not THE most) profitable divisions thoughout all of Eastman Kodak. In fact, many of Kodak's other areas of business have been kept afloat over those years by borrowing from the division's profits - and still the Document Imaging department continues to develop and release new products both in hardware and software. With those funds now remaining within Document Imaging, their will be even more resources put towards research and development aimed at maintaining the high level of quality products and services our customers have come to expect.

Additionally, regarding the existing service contracts, we have more good news. When Kodak filed for Chapter 11 earlier this year, the Court stipulated that all service contracts would be honored. It is expected that the buyer of Kodak's Document Imaging division will be held to those same stipulations (cue the giant sigh of relief *WHEW*) and all service contracts will be maintained.

We will obviously be watching this sale closley, though for now we are looking forward to this step in the right direction. Kodak has had its fair share of struggles the past few years, and we are happy that its most successful (and our personal favorite) division will be receiving the attention it deserves. As always, we are here for any questions or concerns you may have. Stay tuned for updates!

info@imageexpressinc.com

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