Epson Purchases Majority Stake in Avasys Corporation

Seiko Epson Corporation (Epson) announced it acquired a majority stake in Avasys Corporation, a Japanese software development company. The purchase makes Avasys Corporation become a subsidiary of Epson.

According to the OEM, Avasys has capability and expertise in fields like developing embedded software for information-related and industrial equipment, as well as creating cloud-based applications. Epson believes making the company a subsidiary will enhance Epson’s ability to plan and develop software. Also, the acquisition will accelerate its efforts to create a range of more attractive products including wearables and industrial devices.

Epson first took an equity stake in 1990, and Avasys has been a business partner of the OEM ever since. Avasys has been contributing to the overall competitiveness of Epson products by developing embedded software for its printers.

You’re Welcome to Contact Us！
You can provide opinions and comments on this story!
Or you can send us your own story!
Please contact Doris Huang, Head of News & Editorial, via Doris.Huang@iRecyclingTimes.com