June 17, 2016
The new business process outsourcing company will be named Conduent, while the document technology company will be called Xerox Corporation.
The OEM explained that the name Conduent was “inspired by the new company’s expertise in connecting clients and their constituents through seamless transactions”. Ursula Burns, Chairman and CEO of Xerox said: “Conduent will begin its next chapter as a standalone company with a name that conveys the vital business we conduct every day. Conduent is well-positioned to build on its strong heritage as a leader in business process services and will carry forward the values and culture of innovation, diversity and integrity from Xerox.”
The company revenue was $7 billion (€6.22 billion) in 2015, and employs 96,000 people worldwide while Xerox’s was $11 billion (€9.77 billion) and employs 39,000 people. The document technology company retains its brand name, and Burns pointed out: “With unparalleled brand equity in printing and imaging, there is no better name for our document technology and document outsourcing businesses than Xerox.
“Building on its deep understanding of how the world works, communicates and shares content, the new Xerox will continue to help clients improve their workflow, productivity, and business performance, no matter where they are on their digital journey,”
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