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  • OM news announcement

    Hi all

    I was unsure where to post this ( Ian please move as appropriate?)

    This is hopefully signs of progression........ unfettered by corporate handcuffs?



  • #2
    Thanks for this.

    It looks like Shigemi Sugimoto, who was a senior figure in the Olympus Imaging division, and moved to OM Digital Solutions at the time of the acquisition by Japan Industrial Partners (JIP) in 2020, has taken over as the majority shareholder (Olympus retained 5%). He is now in control, without being shackled by JIP.

    I'd guess that to do this he must have raised some capital to buy a controlling share. Basically, it's a management buyout. This usually means the management are highly confident that they can make a success of their company.​

    My interpretation is that after 6 years, JIP's job is done and Sugimoto's job is to lead the leaner, more focused, and more efficient company into its next stage of development. It could also mean that JIP is no longer in danger of dismantling the company.

    Sugimoto is credited with driving through the development of key Olympus products, is a technically savvy executive you might describe as a 'fan' of Micro Four Thirds, and has shown a lot of hard core commitment over the years.

    The news is clear that there will be no immediate changes in the day-to-day operations of OM Digital Solutions.

    I hope this means the company can move on and introduce the rumoured new body and other additions to the product range.

    Ian
    Founder and editor of:
    Olympus UK E-System User Group (https://www.e-group.uk.net)

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    • #3
      Sounds good . Just one guiding hand on the tiller .or as they say the buck stops here …
      He must have faith in his decision to put money into it

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      • #4
        Getting away from a VC / PE funding partner is really good news. In my experience they make life hell for long-term planning.
        Paul
        Panasonic S1Rii and S5 with a few lenses
        flickr
        Portfolio Site

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        • #5
          Notice on DPReview https://www.dpreview.com/news/627178...nership-change
          Mike

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          • #6
            Originally posted by MikeOxon View Post
            It's good to see the quote that says OM Digital Solutions has been profitable since 2021.

            Ian
            Founder and editor of:
            Olympus UK E-System User Group (https://www.e-group.uk.net)

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            • #7
              Though a week or so earlier than the announcement in my OP this perhaps adds some context of directionality?

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