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26 January 2021
Xerox Raising Questions With Separate Operating Units
NORWALK, CONN—
Xerox announced its intention to stand up its Software, Financing and Innovation organizations as separate and distinct businesses by 2022. With this restructuring the question has now been raised is Xerox going to be broken up and parts sold off. Xerox was turned into a holding company last year. The three new separate units will be:
1) The Software business will include DocuShare®, a cloud-based content management system; XMPie, software that supports
multichannel marketing campaigns; and CareAR, an augmented reality business Xerox acquired in late 2020. 2) Xerox Financial Services (XFS) will become a global payment solutions business, offering leasing for Xerox and third-party technology and office equipment. 3) Xerox Venture Capital Fund, is establishing a $250 million corporate fund to invest in start- ups and early and mid-stage growth companies aligned with the company’s innovation pillars and targeted adjacencies.
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