NORWALK, Conn.--(BUSINESS WIRE)--Xerox Corporation (NYSE: XRX) today acquired NewField IT, a U.K.-based print consultancy and software solution provider. The acquisition expands Xerox’s market-leading managed print services (MPS) portfolio that serves workplaces of any size.
NewField IT’s consulting and software services help companies implement MPS more quickly. For example, its Asset DB™ software suite creates visual maps of a floor plan to show how assets – like printers and copiers – are used throughout an office. By combining this visual mapping with a database that tracks usage patterns of document devices, workplaces small to large are better able to monitor and manage the use of the devices and their overall print-related costs.
By adding NewField IT’s services to its existing MPS offerings, Xerox is helping customers – from large enterprises to small and mid-sized business – capture cost savings and efficiency benefits of MPS faster than ever before.
“NewField IT’s Asset DB is a user-friendly software, which speeds up some MPS implementations by up to four times. This will accelerate the return on the MPS investment for all our clients, helping boost business growth as they reinvest the costs savings into other areas of the business,” said Stephen Cronin, president, Global Document Outsourcing, Xerox Corporation.
NewField IT will operate as a wholly-owned Xerox subsidiary. Co-founders Robert Newry and James Duckenfield will continue to jointly lead the company, with Newry reporting directly to Cronin. NewField IT will maintain its name and keep its headquarters in Twickenham, U.K., and its U.S. operations in Philadelphia. Its employees will all continue to operate as part of NewField IT.
“As an independent unit, we can take advantage of Xerox’s global presence and respected innovation in the MPS space to scale our business and technology,” said Newry. “Our approach to serving clients doesn’t change: we’ll remain an integral part of MPS offerings provided through a number of vendors in the field, and we will continue to preserve our impartibility in serving the market.”
Xerox was positioned by Gartner, Inc., in the Leaders Quadrant in the 2010 Magic Quadrant for Managed Print Services Worldwide1, and was recognized as a leader in IDC’s Worldwide and U.S. Outsourced Print and Document Services Forecast and Analysis2 and in IDC’s 2010 MPS MarketScape report3. Xerox was also named a managed print services market leader in Quocirca’s European Vendor “MPS Comes of Age” report 2010.
Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 134,000 people of Xerox serve clients in more than 160 countries. For more information, visit http://www.xerox.com, http://news.xerox.com, http://www.realbusiness.com or http://www.acs-inc.com. For investor information, visit http://www.xerox.com/investor.
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XEROX®, XEROX and Design® are trademarks of Xerox Corporation in the United States and/or other countries. Asset DB™ is a trademark of NewField IT.
1 Gartner “Magic Quadrant for Managed Print Services
Worldwide” by K. Weilerstein, et al. Sept. 22, 2010.
2 IDC “Worldwide and U.S. Outsourced Print and Document Services Forecast and Analysis” Doc #224913, September 2010.
3 IDC “IDC MarketScape: Worldwide Managed Print Services 2010 Hardcopy Vendor Analysis.” Doc # 222872, April 2010.