Xerox Completes Acquisition of Global Imaging Systems

Xerox Completes Acquisition of Global Imaging Systems

Xerox Corporation (NYSE: XRX) closed today on its previously announced $1.5 billion acquisition of Global Imaging Systems, Inc. The acquisition pairs Xerox’s rapidly expanding portfolio of document products and services with Global’s expertise in the small and mid-size business (SMB) market and nationwide distribution network.

Global Imaging Systems focuses on small and mid-size businesses through 21 regional core companies in the U.S. that sell and service document management systems such as printers, copiers and multifunction devices; network integration services; and electronic presentation systems. As an office technology dealer, Global sells products from various suppliers, including now Xerox.

Over the next 90 days, Global’s core companies will begin to provide a broad range of Xerox systems and supplies. These offerings include Xerox’s recent launch of 15 products designed for offices of any size, such as new WorkCentre™ multifunction devices that print, copy, fax and scan, as well as Phaser™ solid ink color printers and MFDs.

“This is a smart business strategy that represents a new era for both Xerox and Global Imaging Systems,” said Bob Sostilio, president of Sostilio & Associates International, Inc., an industry consultancy and research firm specializing in office technology and distribution. “It works on multiple levels: Global gets access to a broader offering than any other manufacturer could provide. Xerox gets another well organized, growth-driven channel with profound knowledge of the SMB market. And, customers get the benefits of two top-notch organizations melding their expertise.”

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