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Central Office Systems company logo
Corporation
COMPUTER HARDWARE & SERVICES
centralofficesystems.com

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Portfolio Exits

1

About Central Office Systems

Central Office Systems is a printer sales, rental, and service provider as well as a Konica Minolta dealer.

Central Office Systems Headquarter Location

W223 N777 Saratoga Drive

Waukesha, Wisconsin, 53186,

United States

262-784-9698

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Latest Central Office Systems News

? James Imaging Systems acquires Central Office Systems’ copier division

Jun 29, 2021

By Share Lola Tegeder, CEO and Tom Tegeder, president at James Imaging Systems. Brookfield-based James Imaging Systems Inc. has acquired the copier division of Pewaukee-based Central Office Systems. The terms of the deal were not disclosed. Central Office Systems has been known by many of its customers as… Want to Read More? Paid BizTimes subscribers get unlimited access to all Insider content and much more. Learn more in our Insider FAQ . Brookfield-based James Imaging Systems Inc. has acquired the copier division of Pewaukee-based Central Office Systems .The terms of the deal were not disclosed.Central Office Systems has been known by many of its customers as a printer and copy machine provider but has evolved into more of an IT company since it acquired Attivo Technologies in 2018.The company says the COVID-19 pandemic has accelerated its transition into the IT space and during negotiations with James Imaging, Central Office Systems realized it would be challenged to grow its office equipment business organically, said Chris Rosecky, Central Office Systems president.The acquisition allows Central Office Systems to dedicate its resources to IT products and IT-related security services in southeastern Wisconsin markets, Rosecky added.Central Office Systems and James Imaging are the two largest local providers of office equipment in Wisconsin. However, with rising pressure from out-of-state office equipment providers, Central Office Systems discovered that it would need to double its revenue if it were to compete in the office equipment space, said Art Flater, Central Office Systems principal.“We were looking at saying if we don’t get to $20 million a year in terms of revenue, we’re going to be on the outside looking in when it comes to competing with large out-of-state firms,” said Arthur Flater, Central office systems principal and vice president of sales.James Imaging was founded in 1977 as a copier sales and repair business, and now offers managed print services, document software and document management solutions. James Imaging has acquired 11 companies and has approximately 121 employees.The acquisition will allow James Imaging to expand its client base in the Fox Valley area, said Tom Tegeder, James Imaging Systems president.All 19 employees in Central Office Systems’ copier division will join James Imaging as part of the acquisition. Employees joining James Imaging include administrators, service technicians and sales representatives, Tegeder said.“The best things that come out of (the acquisition) in addition to the client base are the high-quality people that understand our business,” Tegeder said. “So, the business doesn’t change.”Central Office Systems has a team of 16 employees who provide IT solutions, cloud and managed services, surveillance, door access solutions and unified communications. BizTimes Daily

Central Office Systems Portfolio Exits

1 Portfolio Exit

Central Office Systems has 1 portfolio exit. Their latest portfolio exit was Central Office Systems - Copier Division on June 29, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/29/2021

Divestiture

1

Date

6/29/2021

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

Central Office Systems Acquisitions

1 Acquisition

Central Office Systems acquired 1 company. Their latest acquisition was Attivo Technologies on September 28, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/28/2018

Acquired

2

Date

9/28/2018

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

2

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