Big Day at Xerox

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….

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3 Comments

  1. Jon Goldstein September 28, 2009 - Reply

    Thanks for starting the blog.

    The news certainly changes the company in a big way. It will be interesting to watch it play out.

    I hope that the vision of the future that Ms. Burns and Ms. Blodgett have for the merged companies comes to pass.

  2. Mackeran September 28, 2009 - Reply

    I added your blog to bookmarks. And i’ll read your articles more often!

  3. Deepak Seth September 29, 2009 - Reply

    Propitious indeed that the launch of the new blog coincides with the Xerox-ACS Purchase Deal. Both “Huge” in their own way.
    Looks like the “Document Company” is well on it’s way to reinventing itself as the “Process Company”/”Business Process Company”
    This constant reinvention is the true hallmark of a leader.
    “Challenging times” seem to be changing to “Exciting and Interesting Times”! Great news indeed!

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