SOURCE: Equitrac Corporation

Equitrac Corporation

March 15, 2011 09:30 ET

Equitrac Passes 25,000 Customers Milestone

Liverpool John Moores University Reduces Printing by More Than 4 Million Pages, Saves $250,000 in Printing Costs Annually

PLANTATION, FL--(Marketwire - March 15, 2011) - Equitrac Corporation, a global provider of intelligent print management and cost recovery solutions, today announced that it passed its 25,000th customer installation during its fiscal year ending February 28, 2011. During the past year, Equitrac added more than 2,900 customers and increased revenue by 19%, continuing its trend of double-digit revenue growth.

"We've invested in expanding the vertical markets, geographies and distribution channels we serve while maintaining a focus on our core business areas," said Michael Rich, President and CEO, Equitrac Corporation. "This, combined with the increased market awareness of the benefits of managing printing, has led to the rapid adoption of our software solutions and propelled us to this significant milestone of more than 25,000 installations."

A wide range of companies including those in the legal, financial services, education, public sector and healthcare markets, as well as managed print providers, rely on Equitrac print management software to:

  • Manage printing environments
  • Reduce printing costs
  • Increase document security and control
  • Lessen the environmental impact of print
  • Change end user printing behavior

From small businesses to the Global 500, companies are recognizing the need to manage their print environments and drive a behavioral shift in how they print. "Whatever the business driver is -- reducing costs, going green, tightening printing security and control, or improving processes -- a successful print management strategy must begin with an accurate understanding of printing needs and include the tools that enable and encourage a behavior change today and over time. Our customers are in a position to make that change to smarter printing," said Rich.

Managing Print and Controlling Costs
According to Gartner, few organizations truly know exactly how many devices they own, how many pages are printed by device or user, or how much they are spending on print. "Without understanding what these costs really are, organizations are poorly equipped to manage them," said Ken Weilerstein, Research Director at Gartner. "Comprehensive print management software provides companies with this understanding of costs and helps them actively manage office printing, a strategy that will reduce spending by 10 to 30 percent." (Gartner, Inc.: "Why You Should Manage Your Office Printing," June 23, 2010)

UK University Saves $750,000 Over 3 Years with Equitrac
Equitrac customers typically see a reduction in their print volumes by at least 25 percent through the identification and correction of inefficient printing processes and habits that lead to unnecessary printing, over-deployment of devices and a strain on IT resources. Over the last three years, Liverpool John Moores University (LJMU) in the United Kingdom deployed Equitrac Express software to serve as the foundation of a print strategy. Equitrac helped eliminate 4.5 million printed pages a year; annually saving $250,000 -- including an estimated $100,000 in costs from pages sent to the print queue, but not retrieved -- and cutting paper usage by 23 tons, while adding tremendous value to its students and staff.

"Equitrac is the 'hub' around which our entire campus-wide print and copy strategy is centered," said Martin Connell, Senior Computing Officer, Liverpool John Moores University. "We've delivered a state of the art printing system to our users, but their needs and requirements are always changing. The detailed management information Equitrac delivers lets us intelligently adjust our print environment."

For more information on Equitrac visit www.Equitrac.com, or read more about how Equitrac can help your business at the Print Management Blog.

About Equitrac
Equitrac Corporation is the global leader of intelligent print management and cost recovery software solutions for the corporate, legal, education, healthcare and financial services markets. Equitrac's solutions are mission critical to all enterprises that are looking to more effectively manage their printing environments, reduce printing costs, increase security and lessen their environmental impact. The company is backed by an unmatched R&D program and is a preferred technology partner with all leading providers of multifunction devices. Equitrac is has been in business for 30 years and has more than 25,000 customers in 70 countries. Equitrac's solutions are deployed in Global 500 companies, AMLAW 200 legal firms, and leading colleges, universities and school districts. For more information, visit www.equitrac.com.

Contact Information

  • Equitrac Media Contact:
    Chris Capra
    Email Contact
    Tel: (212) 922-5885