Company Collaborates with Award-Winning Emerging Technology
Provider to Develop Exclusive Business Application
BOCA RATON, Fla. & SAN FRANCISCO--(BUSINESS WIRE)--Jun. 22, 2017--
Office Depot, Inc. (NASDAQ:ODP), a leading provider of office
products, services, and solutions, announced it is entering into an
exclusive licensing agreement with Centriq Technology, Inc., to develop
a unique business application utilizing their award-winning asset
“This exclusive agreement with Centriq is the first step in showing that
we are moving toward a strategic transformation of our company outside
of the traditional retail model,” said Gerry Smith, chief executive
officer of Office Depot, Inc. “Centriq’s unique technology platform has
many applications and we will leverage that technology to provide new
services and an interactive sales experience for our customers beyond
the traditional modes of selling paper, ink and toner.”
Centriq’s current application was named a game-changer as a home
management resource. Centriq Home, available for iOS and Android,
connects homeowners to product manufacturers for a greatly improved
product experience. Centriq creates a single, comprehensive and
personalized user guide for everything in their home. Support content,
troubleshooting and parts and accessories purchases are available with a
simple click. Users are also able to get rapid, on-site help from
top-rated professionals, and access specific, highly relevant content
from the Emmy-winning series, “This Old House” and “Ask This Old House,”
directly through the app.
Office Depot will work with Centriq to develop a business to business
version of their current app that will enable businesses to better
manage their assets whether it be a printer, PC or another device all in
one place. “The benefit for businesses is efficient management of their
assets and retention of that knowledge all in the palm of their hand,”
added Smith. “Through game-changing applications like this, we will
differentiate Office Depot and provide value for our customers.”
“We couldn’t imagine a better partner than Office Depot for Centriq,”
said James Sheppard, co-founder of Centriq. “We are delighted that they
are licensing our core technology for their exciting vision to transform
their business and industry.” Office Depot will also be a minority
investor in Centriq, as it seeks to leverage emerging technologies to
bring innovative solutions to the millions of small, medium and large
customers it services today.
Centriq is an early stage technology company that was founded in January
2015 by former digital innovation executives from Salesforce.com who
were tired of the hassles of being a homeowner. Centriq is privately
funded and is headquartered in the San Francisco Bay Area. Visit www.centriqhome.com
for more information, and download the free app on Google
Play or the App
About Office Depot, Inc.
Office Depot, Inc. is a leading provider of products, services, and
solutions for every workplace – whether your workplace is an office,
home, school or car.
The company had 2016 annual sales of approximately $11 billion, employed
approximately 38,000 associates, and served consumers and businesses in
North America and abroad with approximately 1,400 retail stores,
award-winning e-commerce sites and a dedicated business-to-business
sales organization – with a global network of wholly owned operations,
franchisees, licensees and alliance partners. The company operates under
several banner brands including Office Depot, OfficeMax and Grand & Toy.
The company’s portfolio of exclusive product brands include TUL, Foray,
Brenton Studio, Ativa, WorkPro, Realspace and Highmark.
Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select
Market under the symbol “ODP.”
Office Depot is a trademark of The Office Club, Inc. OfficeMax is a
trademark of OMX, Inc. ©2017 Office Depot, Inc. All rights reserved. Any
other product or company names mentioned herein are the trademarks of
their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170622005186/en/
Source: Office Depot, Inc.
Office Depot, Inc.
AnneMarie Mathews, 561-438-6710
James Sheppard, 888-567-8118