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Xerox Acquires Groupe CT To Extend North American SMB Presence

Xerox Acquires Groupe CT To Extend North American SMB Presence
  • Xerox Holdings Corp (NYSE: XRXacquired Eastern Canada’s independent document management provider Groupe CT to expand its presence in the North American small and midsize business (SMB) market, Xerox President Mike Feldman said.
  • Xerox acquired Western Canada’s independent services, software, and technology provider Digitex in March 2020.
  • The financial terms of the transaction were not disclosed.
  • Groupe CT’s document management services expertise and leadership combined with Xerox’s portfolio of workplace solutions rendered Xerox as well placed to serve SMBs focused on fast-tracking of digital transformation roadmap, stated Feldman.
  • Xerox held $2.4 billion in cash and equivalents as of Mar. 31, 2021.
  • Price action: XRX shares traded higher by 1.17% at $24.66 on the last check Monday.

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