For those wondering how Xerox’ impending split would impact Laser Networks Inc.; well worry no longer.
According to an official Xerox Canada spokesperson, Xerox Canada’s operations which include Laser Networks are to be rolled up into the Technology Line of Business. This means Laser Networks will follow the Large Enterprise Operations/Document Outsourcing organizations and be part of new Document Technology Company.
Xerox acquired the Oakville, Ont. managed print services (MPS) pioneer during the first week of 2012. The plan, back then, was to have, Laser Networks bolster the vendor’s MPS offerings specifically for the SMB segment. LaserNetworks practically established the “Cost Per Page” go-to-market strategy that focuses on device tracking and centralized management, along with provisioning of printing supplies for a fixed fee.
MPS has been a strategic growth area for Xerox in Canada and the Laser Networks’ purchase doubled the company’s MPS market share in Canada overall.
At the time LaserNetworks was to be run as a wholly-owned subsidiary of Xerox Canada.
LaserNetworks currently provides support services for more than 50,000 print-related devices and operates 13 locations across North America and reported revenues to CDN’s Top 100 Rankings between $40 and $50 million.
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Unless you were living under a rock last week, Xerox announced it would be splitting into two publicly traded companies.
The first would be focused on document technology or hardware and the second for process outsourcing or services, the printing giant has revealed, following a transition that is expected to be complete by the end of the year.
The news comes after twelve months of general decline in the company’s share value, which has dropped more than 30 per cent.
Chief executive Ursula Burns has said that the company began to review its corporate structure in October last year in an effort to address market trends surrounding changes in the healthcare industry, the global services market, and the use of technology in general.
With files from Dave Yin.
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