The financial world requires a keen eye for strategy to be successful, a trait that Brian Bonar has brought to Imaging Techniques when he took over as CEO. Growing a business such as this one demands a steady flow of customers, requiring either steady marketing to new clientele or the acquisition of a company that has a reliable consumer base. While both methods tend to be successful, there is a slight edge when you buy-out an established company.
Brian Bonar plays this high stakes acquisition game strategically, procuring a flow of successful firms that will help ITEC increase its business practices through new successful revenue channels. ITEC has been expanding from its cornerstone market of imaging products and services into certain administrative functions and professional employee services to better serve their target audience of small to medium sized businesses. These sectors can provide a lucrative stream of revenue as they are constantly growing and these services offer ITEC the opportunity to leverage their office products and services to a greater customer base, improving customer service and products.
This type of acquisition will provide over forty million dollars in revenue to Imaging Technology this year and will provide growth services to the bought-out companies, as they are able to rely on their parent company for great levels of capital. Brian Bonar has stated that this acquisition is the first of many as ITEC positions themselves to grow into new ventures, allowing their new mergers to flow profits directly into the parent company.
Bonar’s decades of experience in the in electronic and finance arena has honed his strategic edge to a fine point, and that experience is paying off as he provides ITEC with opportunities to expand. He is integrating their services just as ITEC provides bundled solutions for system software for a seamless solution for a company that has been expanding since 1982.
It is pretty accurate to say that Brian Boner is a man of many things. But the one thing most people know him as is a man of many accomplishments. There is much to be said about the way in which Brian Boner navigates through his area of expertise. From his expansive portfolio, to his ability to become Chairman of the Board at Dalrada Financial Corporation. Brian Boner has set the bar high and will continue to do so for years to come.