Headquarters: 45 Glover Avenue
Xerox is the world's leading manufacturer of copy machines, color printers, fax machines and scanners for offices and businesses. It also offers business consulting and outsourcing services to help companies better manage their documents, mail and printing rooms.
The company plans to split into two companies. Xerox, which will be comprised of the company's Document Technology and Document Outsourcing businesses, and Conduent a business process services company. The separation will be completed by the end of 2016.
With approximately $7 billion in 2015 revenue and 96,000 employees worldwide, Conduent will be a leading provider of business process services with expertise in transaction-intensive processing, analytics and automation.
Following the separation, Xerox will continue to be a trusted partner to its customers, helping them improve productivity, workflow and business performance through its deep understanding of how, why and where people work. With approximately $11 billion in 2015 revenue, Xerox will be well positioned to build on its long-standing global leadership positions and pursue select growth opportunities with a focus on operational excellence, cost discipline, technology and innovation.
Jeff Jacobson will the CEO of Xerox following the separation.
Chester Carlson developed the technology to make copies of paper in 1938 which he originally called "electrophotography." The Haloid Company, a maker of photographic paper in Rochester, N.Y., approached Battelle and obtained a license to develop and market a copying machine based on Carlson's technology. Haloid later obtained all rights to Carlson's invention. Carlson and Haloid agreed the word "electrophotography" was too cumbersome. A professor of classical languages at Ohio State University suggested "xerography," derived from the Greek words for "dry" and "writing."
Haloid coined the word "Xerox" for the new copiers, and in 1948, the word Xerox was trademarked. Inspired by the early, modest success of its Xerox copiers, Haloid changed its name in 1958 to Haloid Xerox Inc. The company became Xerox Corporation in 1961 after wide acceptance of the Xerox 914, the first automatic office copier to use ordinary paper.
In 2010, Xerox acquired Affiliated Computer Services for $6.4 billion.
Employees receive health, dental, vision and life insurance effective on their first day of work. Xerox offers a pension plan that is fully vested after five years. A 401(k) plan is offered.
New employees receive vacation after six months of service. Most employees start with an annual vacation of two weeks. The number of vacation days increases in the fifth anniversary year (three weeks), 10th year (four weeks), 20th year (five weeks), and 25th year (six weeks).
Xerox has 10 paid holidays per year and two personal holidays are available. Tuition assistance is also provided.
Updated July 16, 2016