Xerox completes separation of Conduent

Print Solutions

Xerox has announced it has completed the separation of Conduent Incorporated, creating two publicly traded companies.

‘This is an historic day for Xerox. The successful completion of the separation sharpens our market focus and commitment to our customers,’ said Xerox CEO Jeff Jacobson. ‘I am confident the transformational actions we are implementing position Xerox for long term success and unlocks shareholder value.’

Members of the company’s executive leadership team, employees and customers celebrated the milestone by ringing the opening bell at the New York Stock Exchange on January 4.

Xerox’s focus on growing its leadership in digital print technology and services will help customers innovate how they communicate, connect and work more productively. The company’s financial model and revitalised business strategy will enable strong free cash flow generation and margin expansion, as well as targeted investments in attractive growth areas, such as document outsourcing and solutions for small and medium sized businesses.