The Reinvention of Xerox and What It Means for Outsourcing
Xerox has undergone an impressive transformation over the past several decades. During its 77 years of business, the company has expanded from a manufacturer of printing equipment into a corporate leader spanning a number of industries. What’s more, in terms of strategy, attitude and culture, Xerox has become the epitome of what it means to be a great outsourcer.
Time and time again, Xerox has demonstrated that it’s not scared of change when it’s necessary for business. In 2009, the company acquired Affiliated Computer Services for $6.4 billion. It was a bold move that made the intentions of Xerox executives clear – they had taken their first step towards becoming a business processingpowerhouse. More recently, in December 2014, Xerox announced its intention to sell its IT outsourcing, originally acquired through the purchase of ACS, for $1.05 billion.