IDS CANADA FORMED, ACQUIRES FIVE COMPANIES IN EASTERN CANADA

Combination Creates Leading Provider of Independent Managed Print and Technology Services

MARKHAM, ON, May 10 /CNW/ - I.D.S. Intelligent Data Systems (Canada) Inc., has combined five premier imaging, printer, and technology services companies in Eastern Canada to form the region's largest provider of independent managed print services.  IDS provides copiers, printers and supplies as well as business and technology services primarily to small and medium-sized businesses.  The company's strategic plan is to quickly build upon and expand its business solutions across all of Canada.  Key principals will continue to have senior roles in the business, and the company is led by a management team with over 100 years of collective experience with leading organizations such as Canon, IKON, and OE.  The transaction and IDS���s future growth plans are backed financially by capital partner Presidio Investors of San Francisco. A senior secured loan facility was provided by TD Canada Trust.

Bill Hishon, Chief Executive Officer of IDS Canada said, "I am excited to partner with these leading business service companies to create a truly differentiated and unique platform.  Our group of companies has been in business for an average of 20 years. We can now unify the unique capabilities and relationships of each company to deliver unparalleled level of services and support to our customers."

Barry Rudolph, a Managing Director of Presidio, said "We have been targeting the managed print services space with this management team for over a year, and we feel we have put together a fantastic platform to bring significant value to the market."  Karl Schade, Managing Partner of Presidio, added "IDS is a great example of our focus on partnering with entrepreneur-led businesses.  We have backed a smart team, and are excited about the Company's significant growth potential."

Albert Levy, President of Clair de Lune, remarked "We are extremely pleased that we now have a unified provider of copier, printer and technology services under one roof who is focused on our company's needs.  IDS allows us to become more efficient, and reduces strain on our limited IT resources. IDS' new product diversification and services provides improved access to resources without having to deal with multiple vendors and complicated legal agreements."

IDS Canada was represented in this transaction by HMW Capital of Toronto. Herb Willer of HMW Capital will serve as Chairman of IDS Canada.

About IDS Canada

Based in Ontario, Canada, IDS Canada is the leading independent managed print services provider in Eastern Canada.  IDS was formed in 2011 through the combination of five of the region's leading independent managed print services companies, creating a uniquely broad platform that includes copiers, printers, and other technology products as well as equipment maintenance services, managed print services and related information technology consulting. The Company serves small and medium-sized Canadian businesses across a variety of sectors.

About Presidio Investors

Presidio Investors LLC is a US-based private equity fund focused on buyouts and minority investments, with an emphasis on growth.  Presidio seeks to invest in companies with proven management teams, strong unit economics, scalability and high organic growth potential.  Based in San Francisco, Presidio Investors is an affiliate of The Presidio Group, a financial services firm that also provides wealth management and corporate advisory services to entrepreneurs and corporations. Currently, The Presidio Group has over US$ four billion in assets under advisement.


SOURCE I.D.S. Intelligent Data Systems (Canada) Inc.

For further information:

I.D.S. Intelligent Data Systems (Canada) Inc., 3601 Highway 7, Suite 400, Markham, Ontario, 416-579-1195, www.idscdn.comidsricoh.ca

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I.D.S. Intelligent Data Systems (Canada) Inc.

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