September 16, 2016
Brian Bonar is the CEO of Imaging Technologies Corporation. The company, also known as ITEC, is a leading developer of color management software in addition to being a service organization for digital imaging software. In an online interview with the Wall Street Reporter, Brian discussed ITEC’s business strategy which included the integration of some of its recent acquisitions.
He stated in the interview that ITEC’s conversion from a developer/manufacturer to a marketing/service organization has been going on for well over a year now. As this conversion continues it’s business plan now calls for the company to expand its market by providing imaging products and services.
It has also identified an additional opportunity to serve its target market – small and medium sized businesses – by providing them with administrative services. Brian Bonar then went on to explain that in order for ITEC to capitalize on its systems integration expertise it will go after an expansion program that will provide more services targeted to help the business operations of existing and potential customers. To enhance this change in focus we have begun a strategic acquisitions program in our personnel and our management practices.
Earlier, ITEC acquired SourceOne Group, Inc., a Virginia-based employer organization that provides small to medium sized businesses payroll and human resource services. According to CEO Brian Bonar, he expects the acquisition to add an additional $40 million dollars in revenue to ITEC in this current fiscal year.
Brian went on to add that the personnel services industry is extremely large and constantly growing. This industry also offers ITEC a path to leverage its office products and services to a larger customer base than it used to have. It also allows ITEC to offer its customers more personalized assistance to help them improve their customer’s services, customer retention, and their profits.
Bonar then went on to say that through their existing product resellers that ITEC has been able to assemble a very competent infrastructure of talented sales and support personnel. He then went on to say that this added asset has the ability to leverage the company’s access to not only more capital but also to more customers throughout the world.
Imaging Technologies Corporation, or ITEC, was founded in 1982 and is headquartered in San Diego California. The Company produces and distributes imaging products and services to a very diverse market. ITEC’s office products and services include printers, plotters, copiers, and software using a network solution model for the client base which is generally small to medium sized businesses.
ITEC’s award-winning software suite ColorBlind consists of a host of applications that enable the user to produce images that are not only accurate but that are also consistent and run on a wide variety of hardware and software platforms. Their SourceOne subsidiary is a top notch employer organization product that provides an array of personnel and facilities services to small and medium-sized businesses.
Brian Bonar – about.me