Xerox Corp. Buys Managed Print Services Provider

Need more proof that big legacy businesses are snapping up
managed services providers in a big way? Xerox Corp announced this week that it
has acquired LaserNetworks, a managed print services provider in Oakville,
Ontario.

The location expands Xerox’s geographic footprint as well in
the managed print market.

“Our acquisition of LaserNetworks expands our services
footprint in Canada, enhancing our capabilities and distancing us from our
competitors.  It is further evidence of
Xerox’s transformation into a services-led, technology-driven company,” said
Mandy Shapansky, president and CEO, Xerox Canada, in a prepared statement.

LaserNetworks provides MPS solutions that include
print device tracking, centralized service and supply management and document
routing.  The company has 40,000
print-related devices under management and 189 employees in sales, services and
business operations.

It will operate as a wholly-owned subsidiary of Xerox Canada
with LaserNetworks founder and CEO Chris Stoate continuing  to lead the
company, reporting to Shapansky.

“By becoming part of such an esteemed company with well
respected industry leadership, we exponentially increase our ability to deliver
more customer value,” said Stoate, in a statement.  “We’re combining our
collective industry expertise and innovative technologies to help our clients
take full advantage of the benefits managed print services bring to their
workplaces.”

The move by Xerox is only the most recent in efforts by
printer manufacturers to move into services businesses. For instance, Konica
Minolta acquired MSP All Covered a year ago. And OKI Data America has
acknowledged it plans to embark on a campaign to acquire
MSPs.

 

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