Ricoh partners with university; court upholds Rudolph patent; $18.5 million equity deal in Union.
Ricoh Americas Corp., of West Caldwell, announced Tuesday it will provide Benedict College, in Columbia, S.C., with a managed document services solution. Ricoh will manage more than 60 multifunction products placed throughout the Benedict College campus, as well as Benedict’s on-campus print center, which will be staffed by two full-time Ricoh employees and one full-time and two part-time Benedict interns.
On Monday, the U.S. Federal Circuit Court of Appeals dismissed Camtek Ltd.‘s patent infringement claim against Rudolph Technologies, in the Flanders section of Mount Olive.
Praedium Group has purchased an $18.5 million preferred equity position in Ave Union, a 227-unit multifamily apartment complex constructed in 2008 and located adjacent to the train station in Union. The investment was made as part of a recapitalization of the property.