Prognostications that the company was down for the count seem to have been seriously premature.
Considering all the turmoil that Xerox has been through the past year and a half, one of the last things we would have expected was news emerging out of the company’s headquarters in Norwalk, Connecticut that it was acquiring dealers.
According to press release issued June 5, Xerox has acquired two multi-brand dealers, Rabbit Office Automation (ROA) and Heritage Business Systems (HBS), to grow its presence in the San Francisco Bay area and the Delaware Valley, respectively.
“We are focused on further penetrating the small-to-medium sized business market through organic and inorganic growth, which includes making investments in dealers like ROA and HBS,” said Mike Feldman, president of Americas Operations, Xerox. “Integrating ROA and HBS into Xerox Business Solutions (XBS) will expand our local footprint, and clients will now have access to the industry’s most comprehensive offering portfolio.”
According to the press release, XBS will integrate these dealers into two of their local Xerox companies. ROA will become part of MRC, located in San Diego, Calif., and HBS will become part of Stewart, located in Mt. Laurel, N.J.
In a week defined by an upset in the ring with Andy Ruiz Jr.’s TKO of heavyweight champion Anthony Joshua, this can easily be considered another surprising upset. Lesson learned: don’t count Xerox out because even though it appeared that the company was on the ropes, between this news and the expanded relationship with HP announced earlier this week, Xerox is still a contender.
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