We have to be opportunists and keep an eye on the right companies so that we’re visible to our customers
Washington, DC (Vocus) May 18, 2010
ABC Imaging announced today the appointment of Khaled Jarrar as chief financial officer. Jarrar will oversee ABC Imaging’s continued expansion as a global printing and document management solutions firm.
“Khaled brings keen business skills and an entrepreneurial spirit that complements a fast-growing company like ABC Imaging,” said President and CEO, Medi Falsafi.
Jarrar has over two decades of financial management and transaction structuring experience. Most recently, he served as chief financial officer at Drake & Scull International, a leading Dubai-based engineering contractor. His shrewd analysis and selective partnering was instrumental in taking DSI public. He raised over $325 million from institutional and individual investors and ensured full governmental compliance. The company was officially listed on the Dubai Financial Market in March 2009.
As CFO, Jarrar will focus on forging strategic acquisitions with reprographics, printing, and technology firms to expand the company’s customer base and diversify its services and product offerings.
“We have to be opportunists and keep an eye on the right companies so that we’re visible to our customers,” said Jarrar. “This economic slow-down has been a friend to ABC because companies are watching their margins more carefully and re-evaluating their options.
“More and more companies are choosing to switch to ABC Imaging because of our competitive prices and high customer centric approach. Other customers are becoming more in favor of outsourcing as our model reduces the stress on their cash flow without taxing their margins. And all of this will allow ABC Imaging to grow during these slower times.”
ABC Imaging recently acquired majority shares in Mediashore, a London-based reprographic firm, Denver-based A&D Reprographics, and Burton Imaging of Philadelphia. Jarrar expects similar transactions as part of the company’s overall strategy.
Jarrar says he is impressed with the passion and the quality of service ABC Imaging produces for their customers.
“ABC Imaging has already been able to maximize growth through successful acquisitions and I want to take ABC to the next level in the national and international printing industry,” he said.
Prior to moving to Dubai in 2002, Jarrar was senior financial manager at GlobalCenter, a web-hosting division of Global Crossing, Ltd. At GlobalCenter, Jarrar played a key role helping carve-out the division into a stand-alone entity. GlobalCenter eventually sold to Exodus Communications in a stock-transaction valued over $6.5 billion.
Before joining GlobalCenter, Jarrar managed a diverse portfolio of clients from different industries at Arthur Andersen. Jarrar worked half of his six-year tenure in audit and assurance before crossing into the transaction advisory practice.
Jarrar holds a bachelor’s in business administration with a concentration in accounting and finance from Cleveland State University.
About ABC Imaging
From its headquarters in Washington, DC and more than 30 locations worldwide, ABC Imaging provides full-service, on-site solutions for document management, printing, scanning, archiving, and back-office support. ABC Imaging’s industry-leading technology includes innovative office service software easily customized to support a variety of vertical business models. ABC Imaging seamlessly integrates its technology and systems with most accounting and ERP systems. Our mission—“Impress Every Client, Every Time.”