Behind the Scenes_September 28, 2009

Wow.  Double Wow.  Today is a very exciting day here at Xerox.  We have launched a corporate blog! You may have also noticed, today we announced  THE most significant acquisition in company history, our intent to buy Affiliated Computer Services, better known as ACS for $6.4 billion.  Now, while the purchase of ACS is clearly not as important as the launching of the blog, I’ll spend a couple minutes walking you all through both news items today.

All kidding aside, the deal today is HUGE.  For Xerox, the move reshapes the business  – creating a $22 billion enterprise, of which $17 billion in revenue is recurring.  Our services business triples in size to $10 billion.   For the past couple years we have been making modest, strategic steps into business process outsourcing.  And those steps gave us a glimpse into the potential opportunity in the market.  Now, together with ACS, we are going after one of the hardest problems corporations, government institutions, and organizations face – namely the creation, management and distribution of paper and digital information.

In fact – don’t take my word for it – watch Ursula Burns and Lynn Blodgett – the ACS CEO – briefly describe it.

And on the blog side of things… frankly…. It is about time.  The Real Business @ Xerox blog will be a way for us to peel back the onion a bit to provide you with company insight and information as we see it.  So, thanks for being here on our inauguration….