Acquisition Expands Print Services Capabilities Across Canada
TORONTO, Jan. 4, 2012 /CNW/ - Xerox Corporation NYSE: XRX today announced it has acquired LaserNetworks, a leading managed print services (MPS) provider in Canada that helps businesses cut costs and reduce
the time employees spend on print-related activities.
Based in Oakville, Ontario, LaserNetworks provides MPS solutions that include print device tracking, centralized service and
supply management and document routing.
"Our acquisition of LaserNetworks expands our services footprint in
Canada, enhancing our capabilities and distancing us from our
competitors. It is further evidence of Xerox's transformation into a
services-led, technology-driven company," said Mandy Shapansky, president and CEO, Xerox Canada.
LaserNetworks currently provides support services for more than 40,000
print-related devices in offices across Canada. It will operate as a
wholly-owned subsidiary of Xerox Canada with LaserNetworks founder and
CEO Chris Stoate continuing to lead the company, reporting to
Shapansky. The company employs 189 people in sales, services and
"By becoming part of such an esteemed company with well respected
industry leadership, we exponentially increase our ability to deliver
more customer value," said Stoate. "We're combining our collective
industry expertise and innovative technologies to help our clients take
full advantage of the benefits managed print services bring to their
Xerox Corporation is a $22.5 billion leading global enterprise for
business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way
for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in
February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, healthcare solutions, HR benefits management, finance support, and customer relationship
management services for commercial and government organizations
worldwide. The 134,000 people of Xerox serve clients in more than 160
For more information on Xerox Corporation visit www.xerox.com, www.news.xerox.com, www.realbusiness.com or www.acs-inc.com. For investor information, visit www.xerox.com/investor.
For information about Xerox Canada visit www.xerox.ca.
Xerox®, the Xerox wordmark and the spherical connection symbol are
trademarks of Xerox Corporation in the United States and/or other
SOURCE Xerox Canada
For further information:
John Quinn, Xerox Canada - 416-733-6828, firstname.lastname@example.org
Briana D'Archi, Environics - 416-969-2671, email@example.com
Note: For more information on Xerox, visit http://www.xerox.com or http://www.xerox.com/innovation. For open commentary and industry perspectives visit http://www.xerox.com/blogs or http://www.xerox.com/podcasts.