LMI Solutions Announces Strategic Investment in Parts Now
Monday, October 5, 2015
LMI Solutions has announced a strategic investment in Parts Now.
The investment made by LMI Solutions will bolster the capacity of both organizations to strengthen their value propositions and help customers grow both their imaging businesses and their profits. The investment strategy will also extend benefits enjoyed by end users through identified opportunities to enhance efficiencies and responsiveness at the dealer level.
"We are continuing to make the investments in people, technology and businesses like Parts Now to give LMI reseller partners an unfair advantage over their competition," said Gary Willert, president and CEO, LMI Solutions. "Parts Now has been a powerhouse in the industry for many years and we are very excited about the opportunity to leverage our synergies and expand our capabilities for existing and new customers of both organizations."
The news marks another significant industry investment by LMI Solutions in the last year. In 2014, LMI announced the acquisition of both Printers Direct LLC and Global Printer Services LLC to become the largest printer remanufacturer in the world.
"This partnership better aligns Parts Now with a knowledgeable and successful industry partner that truly understands the nuances of this marketplace," said Michael Cox, CEO, Parts Now. "Our partnership will allow us to deliver products, solutions and strategies that will benefit our loyal customer base."
In other news, LMI Solutions has announced the launch of its new extended-yield color series of cartridges.
Available now from all LMI distribution centers and Image Star, The MAX-LIFE Color series comprises of the industry's largest range of color extended-yield products coupled with the highest yields that surpass OEM and all aftermarket competitors.
"These products are a game changer for our reseller partners, who can now dramatically increase both their profit and pricing in competitive situations where their opponents are using OEM or other aftermarket alternatives," Willert said.
"Nearly all MPS providers use monochrome extended-yield cartridges, but there are few, if any, high-quality extended-yield color products available," he continued. "We've been working on this series for more than 12 months, refining the toner formulation, transfer efficiency and component quality necessary to achieve these industry benchmark yields, with the greater than 99-percent success rate LMI partners have come to expect. The result is that we are launching 24 SKUs across six printer engines, making this our largest product announcement ever."
In June, LMI ran a marketing campaign that more than 500 resellers participated in to demonstrate how close to OEM LMI's image quality is. Now, to support the launch of the MAX-LIFE color extended-yield series, resellers are invited to participate in the second LMI Color Challenge to learn about the product range and enter another prize drawing to win TVs, iPads, other technology products and discount coupons to try the new MAX LIFE products.
To take the LMI Color Challenge, go to www.lmisolutions.com/color.