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TORONTO--([ BUSINESS WIRE ])--[ Xerox Corporation ] (NYSE: XRX) today announced it has acquired [ LaserNetworks ], a leading [ managed print services ] (MPS) provider in Canada that helps businesses cut costs and reduce the time employees spend on print-related activities.

"By becoming part of such an esteemed company with well respected industry leadership, we exponentially increase our ability to deliver more customer value"

Based in Oakville, Ontario, LaserNetworks provides [ MPS ] solutions that include print device tracking, centralized service and supply management and document routing. aOur acquisition of LaserNetworks expands our services footprint in Canada, enhancing our capabilities and distancing us from our competitors. It is further evidence of Xeroxas transformation into a services-led, technology-driven company,a said [ Mandy Shapansky ], president and CEO, Xerox Canada.

LaserNetworks currently provides support services for more than 40,000 print-related devices in offices across Canada. 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. The company employs 189 people in sales, services and business operations.

aBy becoming part of such an esteemed company with well respected industry leadership, we exponentially increase our ability to deliver more customer value,a said Stoate. aWeare 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.a

About Xerox

Xerox Corporation is a $22.5 billion leading global enterprise for business process and [ document management ]. Through its broad portfolio of technology and [ services ], Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their [ real business ].Headquartered in Norwalk, Conn., Xerox provides leading-edge [ document technology ], services, [ software ] and [ genuine Xerox supplies ] for [ graphic communication ] and [ office printing environments ] of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive [ business process outsourcing ] and [ IT outsourcing services ], including data processing, [ healthcare solutions ], HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide.The 134,000 people of Xerox serve clients in more than 160 countries. . For more information, visit [ http://www.xerox.com ], [ http://news.xerox.com ], [ http://www.realbusiness.com ] or [ http://www.acs-inc.com ]. For investor information, visit [ http://www.xerox.com/investor ].

For information about Xerox Canada visit [ http://www.xerox.ca ].

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