Samsung said Wednesday it is buying Canadian cloud-printing firm PrinterOn, as a part of its push to bulk up its lineup of mobile-software products, particularly for corporate clients. Ontario-based PrinterOn, which develops technology that allows users to print materials using their smartphones by connecting to printers through the Web, will operate as a wholly owned unit of Samsung Electronics in Canada. Financial terms weren’t disclosed. The acquisition is the latest in a string of recent purchases by the South Korean company to broaden its mobile-software offerings as it faces slowing growth and rising competition from phone makers in China and emerging markets.
Samsung Electronics has acquired mobile cloud printing company PrinterOn in a bid to enhance its mobile cloud services to the business-to-business market, the company said Wednesday. The financial terms of the deal were not disclosed. PrinterOn in Kitchener, Ontario will operate as an independent, wholly-owned subsidiary of Samsung Electronics Canada. Focused on three major vertical markets – enterprise, education and public printing locations – PrinterOn uses cloud technology to let users print documents from any smartphone, tablet, or laptop to any PrinterOn-enabled printer, regardless of the network or its location, according to the company’s website. Users email documents from their smartphones, tablets or laptops and PrinterOn renders the document in the cloud and securely delivers it to the PrinterOn-enabled printer of choice, where it is then printed after the user enters a secure release code. There are over 10,000 PrinterOn printing locations worldwide. The company also offers private cloud services on-site for customers that require mobile printing but do not want data to leave the secure corporate network.
