Xerox (XRX) Acquires Imagetek to Boost Regional Presence

Global Imaging Systems GIS, a subsidiary of Xerox Corporation XRX, recently acquired Imagetek Office Systems for an undisclosed amount. Based in Arlington, TX, Imagetek provides customized solutions to small and medium-sized enterprises ("SME"), as well as enterprise environments.

Imagetek is a renowned and certified Women's Business Enterprise and North Central Texas Regional Certification Agency. The company provides service to various sectors which include education, finance, government, health care, legal, manufacturing and distribution, and SMEs.

The newly acquired Imagetek business is expected to offer a full range of multifunction printers and enable Xerox to expand its business further in the U.S. Using the expertise of Imagetek in providing multifunction printers, Xerox is likely to gain a competitive edge over its peers.

Multifunction printers are likely to witness a huge demand from industry verticals like education, healthcare, entertainment, and manufacturing. Xerox too will benefit from the positive fundamentals of the multifunction printer market through its Imagetek acquisition.

Xerox is committed to its five-plank strategy which revolves around portfolio management, global growth, cost transformation, operational excellence and analytics. Xerox expects to reap benefits in the long run through sustained investments to expand its geographical coverage and build its service capabilities in areas that provide major customer value.

Headquartered in Norwalk, CT, Xerox is a leader in the development, manufacture, marketing, servicing and financing of document equipment worldwide. Xerox is intensely focused on improving its services margin, implementing restructuring actions and prioritizing investments to expedite benefits in the near future.

Xerox carries a Zacks Rank #2 (Buy). Some of the other better-ranked stocks in the industry include Acacia Research Corporation ACTG, Cinedigm Corp. CIDM and PRGX Global, Inc. PRGX. All three sport a Zacks Rank #1 (Strong Buy).

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