Xerox Acquires Intrepid Learning for an Undisclosed Amount - Analyst Blog

Xerox Corporation (XRX) recently announced its decision to acquire Intrepid Learning Solutions - a Seattle-based firm - for an undisclosed amount. The firm helps businesses apply technology and services to enhance their performance.

With this acquisition, the company aims to expand its learning portfolio by offering various learning services to ensure that employees are equipped with the latest skills and knowledge to improve their business performance.  There will be consulting services focused on research and development, new systems to manage the internal management of a company, live classroom education on products and services and administration and logistics for learning programs to ensure employees receive instructions in an effective manner and boost the overall productivity of the company.

Post acquisition, Intrepid's cloud-based learning technology business will be excluded from Xerox and marketed under the Intrepid brand. Together, both companies will sign a partnership alliance to benefit their clients with Intrepid's technological expertise and Xerox's e-learning, consulting, administration and classroom training programs. The global outsourced learning services market is currently estimated to be $129 billion, with government, manufacturing, high-tech, financial services and telecom segments being its main customers.  Xerox already has a rich clientele and industry expertise in these segments and is likely to augment its revenues by capitalizing on this huge revenue-generating potential.

Headquartered in Norwalk, CT, Xerox is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. The company has three operating segments - Technology, Services and Others. Xerox serves clients in 180 countries, providing business services, printing equipment and software for commercial and government organizations.

Xerox currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth looking into now include Canon Inc (CAJ) having a Zacks Rank #1 (Strong Buy), and Pitney Bowes Inc (PBI) and FARO Technologies Inc (FARO), each having a Zacks Rank #2 (Buy).