Leeds, West Yorkshire (PRWEB UK) 4 December 2013
AIT Ltd is pleased to announce that they have agreed the purchase of the OCM print management solutions intellectual property to add to the current AIT Ltd portfolio.
The management of both companies conclude this will benefit all stakeholders by enhancing the variety of solutions available from AIT Ltd and will provide OCM customers with the first class support infrastructure that AIT Ltd are renowned for.
AIT Ltd will purchase and take ownership of:
a. The OCM products (software and hardware) and in the case of software the source code and object code including all proprietary technology, product design and associated documentation (“IPRs”);
b. The assignment of all current worldwide OEM contracts, distribution and reseller agreements.
Alan Christie, Director of Business Development at AIT Ltd, says, “We are delighted that OCM and AIT Ltd have joined together in this way, the purchase of the OCM intellectual property will strengthen the AIT portfolio and firmly establish the company as leaders in the field of Print and Copy Management. The acquisition is part of our strategic growth strategy and will allow us to extend our market share to the benefit of all stakeholders.”
Peter O’Farrelly, Chief Executive of OCM, commented, “This agreement heralds a new exciting era in the development of the OCM solutions and will benefit our customer base by giving them a greatly improved development and support infrastructure. It will also open up wider global markets for AIT Ltd.”
For more information on OCM's products, visit http://www.ocmplc.com.