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Xerox Holdings
Xerox Holdings

IT / Document Technology and Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Company at a Glance

Overview
Xerox Holdings Corporation, commonly known as Xerox, is an American corporation that provides document management and printing solutions to businesses and organizations around the world. The company was founded in 1906 by Chester Carlson, a patent attorney, and was originally known as The Haloid Company. In 1959, the company changed its name to Xerox Corporation.
Xerox is headquartered in Norwalk, Connecticut, and has operations in over 160 countries. The company's products include printers, scanners, copiers, multifunction devices, and document management software. Xerox also offers a range of document outsourcing services, including document processing, data management, and customer communication services.
The company has a long history of innovation and is credited with inventing the first plain-paper copier in 1959. This technology revolutionized the document reproduction industry and helped establish Xerox as a leader in the field. In addition to its copier technology, Xerox has also been at the forefront of developing laser printing, digital printing, and document management services.
In recent years, Xerox has expanded its services to include digital solutions, such as cloud-based document storage and management, as well as personalized printing and communication technology. The company also offers consulting services to help organizations identify and improve their document management processes.
Xerox has a strong commitment to sustainability and has set aggressive goals to reduce its carbon footprint, increase energy efficiency, and eliminate waste. The company has also been recognized for its diversity and inclusion efforts, including its commitment to gender equality and fostering a diverse and inclusive workforce.
Today, Xerox continues to be a global leader in document technology and services, with a focus on helping businesses and organizations streamline their operations and improve their productivity.
What is special about the company?
1. Pioneering in the field of photocopying: Xerox Holdings, formerly known as the Xerox Corporation, is the company that pioneered the development of modern photocopying technology. Its founder, Chester Carlson invented the xerography process, which revolutionized the way documents were duplicated. This led to the creation of the first commercial photocopying machine, the Xerox 914, in 1959.
2. Strong brand recognition: Xerox is a well-known and highly recognizable brand. It is often used as a verb to describe making photocopies, similar to how "Google" is used for online searching. This strong brand recognition has helped Xerox maintain a prominent position in the market for decades.
3. Diverse portfolio of products and services: While Xerox is best known for its photocopying technology, the company has diversified its product and service offerings over the years. It now offers a wide range of printing and digital document solutions, as well as consulting and outsourcing services for businesses.
4. Global presence and customer base: Xerox has a presence in over 160 countries and serves customers ranging from small businesses to multinational corporations. Its global reach has allowed the company to adapt and cater to the diverse needs of its clients across different industries.
5. Focus on innovation: Xerox has a strong research and development culture, investing heavily in innovation and new technologies. The company has over 12,000 active patents and continues to develop new products and services to meet the evolving needs of its customers.
6. Commitment to sustainability: Xerox is committed to reducing its environmental impact and has implemented various sustainability initiatives in its operations. This includes using more sustainable materials, reducing waste, and promoting energy efficiency in its products.
7. Strong corporate culture: Xerox has been recognized for its strong corporate culture, which encourages collaboration, innovation, and inclusivity. The company values diversity and inclusion, and has been named one of the "World's Most Ethical Companies" by the Ethisphere Institute for 14 consecutive years.
What the company's business model?
The Xerox Holdings company is a global leader in workplace technology solutions. Its business model involves developing and selling a wide range of products, services, and solutions that help companies and organizations improve their productivity, efficiency, and cost-effectiveness.
Some of Xerox's key products and services include:
1. Office Equipment: This includes printers, copiers, scanners, and multifunction devices that enable businesses to create, print, and manage documents efficiently.
2. Managed Print Services: Xerox offers managed print services to help companies manage and optimize their printing and document workflows, reducing costs and increasing productivity.
3. Document Outsourcing: Xerox also provides document outsourcing services, including document scanning, imaging, and storage solutions, to help businesses streamline their document management processes and reduce paper usage.
4. Cloud Services: Xerox offers cloud-based solutions to help businesses store, manage, and access their documents and workflows from anywhere, at any time, on any device.
5. Software Solutions: Xerox develops and sells software solutions that help businesses automate and streamline their document workflows, improve collaboration, and enhance security.
6. Consulting Services: Xerox provides consulting and advisory services to help businesses identify areas for improvement in their document workflows and develop customized solutions to address their specific needs.
Xerox's business model is primarily focused on providing technology solutions and services to businesses and organizations, with a strong emphasis on digital transformation and sustainability. The company also aims to create long-term value for its shareholders through strategic investments and partnerships, as well as continuous innovation and improvement of its products and services.
Interesting facts about the company
1. Xerox Holdings Corporation, also known as Xerox, is an American corporation that specializes in the production and sale of printers, copiers, and other office equipment.
2. The company was founded in 1906 as the Haloid Photographic Company, which originally produced photographic paper and equipment. It wasn’t until the 1950s that the company started developing copiers and printers.
3. The name Xerox was derived from the two Greek words xeros meaning dry and graphia meaning writing. This was chosen because the company’s first successful product was a dry copying process.
4. Xerox was responsible for many important innovations in the copier and printing industry. In 1959, they introduced the world’s first plain-paper photocopier, and in 1973, they introduced the first laser printer.
5. Xerox was one of the first companies to create a research center solely dedicated to the development of new technology. The Palo Alto Research Center (PARC) was founded in 1970 and is responsible for inventions such as Ethernet, the mouse, and the graphical user interface.
6. The company skyrocketed to fame with their “Xerox Moment” ad campaign in the 1970s, which highlighted the convenience and speed of their copiers.
7. In 1985, Xerox entered the personal computer market with the Xerox 6085, which featured a graphical user interface and a mouse, similar to the Apple Macintosh.
8. Despite their focus on copying and printing technology, Xerox also has a significant presence in the business process outsourcing market, providing document management and other related services.
9. In 2009, Xerox acquired the business services company Affiliated Computer Services for $6.4 billion, making it one of the largest acquisitions in the company’s history.
10. Xerox has a strong commitment to sustainability and has been recognized numerous times for their environmental efforts. They have been included in the Dow Jones Sustainability Index and have received awards for their eco-friendly products and services.
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