Last $13.53 USD
Change Today +0.08 / 0.59%
Volume 10.2M
As of 3:35 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

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xerox corp (XRX) Details

Xerox Corporation provides business process and document management solutions worldwide. The company’s Services segment offers various business process outsourcing services, including administrative and care management solutions to state Medicaid programs and federally-funded government healthcare programs; healthcare payer and pharmaceutical services; healthcare provider solutions for hospitals, doctors, and other care providers; human resources services; finance, accounting, and procurement services; customer care services; technology-based transactional services for retail, travel, and non-healthcare insurance companies; and communication and marketing services, as well as government and transportation services. It also provides information technology outsourcing services comprising managed IT services consisting of administration, database administration, systems monitoring, batch processing, data backup, network and infrastructure management, and capacity planning; end-user computing services to manage platforms and devices; and IT solutions covering cloud, utility computing, desktop virtualization, and other solutions. In addition, this segment offers document outsourcing services, such as managed and centralized print services. The company’s Document Technology segment provides desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises, as well as toners, inks, and Xerox replacement cartridges. Its Other segment sells paper, wide-format systems, network integration solutions, and electronic presentation systems. The company sells its products and services through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.

xerox corp (XRX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $766.7K
Executive Vice President and President of Cor...
Total Annual Compensation: $714.0K
Corporate Executive Vice President
Total Annual Compensation: $716.6K
Vice President of Finance and Corporate Contr...
Total Annual Compensation: $363.0K
Compensation as of Fiscal Year 2013.

xerox corp (XRX) Key Developments

Xerox DocuMate 4830 Document Scanner Gets 67% Faster

Xerox announced that the Xerox DocuMate 4830 workgroup scanner now includes updated hardware to increase black & white scanning speeds by 67%, from 30 to 50 pages per minute. Scan speed in duplex mode is 100 images per minute. The scanner has both an A3-sized flatbed for larger documents and a 75-page automatic document feeder through which long documents (up to 118 inches in length) can be scanned. The DocuMate 4830 makes it easy to scan batches of large and different-sized documents while delivering the automation and dependability needed for critical scanning applications. It was designed for users who require a flatbed and automatic document feeder for larger documents, but don't have the throughput needs to justify a pricier model with production level speeds that a service bureau might use. Features include: Ultrasonic Double Feed Detection to minimize rescans and catch double-feeds; Intelligent Image Correction dramatically reduces document preparation time through many efficient enhancing features; Daily Duty Cycle of 3,000 pages a day to handle volume needs; Certified TWAIN, ISIS and WIA drivers to enable communication with hundreds of enterprise content management and document image management software solutions; Visioneer Acuity to provide advanced image enhancement; Visioneer DriverPLUS to enable sophisticated integration with document capture and workflows; Nuance PaperPort, OmniPage Pro and PDF Converter Pro. Pricing and Availability. The Xerox DocuMate 4830 remains priced at $2,495, and is available through online channel partners, VARs and major resellers.

Xerox Teams Up with MoneyGram to Assist People in Transmitting Child Support Payments to State Agencies and Custodial Parents

Xerox is teaming up with MoneyGram, to assist people in transmitting child support payments to state agencies and custodial parents. The agreement creates a simple way for parents to pay child support, helping to ensure that children receive the support due to them from both parents. Through the agreement, MoneyGram will transmit child support payments to Xerox's national portal, ExpertPay. Xerox will deliver the electronic funds to 49 states, the District of Columbia and Puerto Rico, and state child support agencies can then make payments to custodial parents. Innovative security technology will be in place to help prevent fraudulent transactions. During each transaction, the retail cashier will receive a notification on the screen that will quickly verify that the payer has a child support obligation in the destination state. On the receiving end, child support agencies will have the ability to ensure the transaction is legitimate before delivering the funds to a custodial parent.

Xerox and Parkmobile Announces to Upgrade Parking Meter Technology in the City of St. Louis

The City of St. Louis Treasurer's Office announced that Xerox and Parkmobile have been selected to upgrade parking meter technology in the City of St. Louis. Xerox will be responsible for upgrading parking meters and software technology, while Parkmobile will be responsible for launching a smartphone app to pay for parking. During the recent six month parking technology field test, Xerox hosted the pilot site at Euclid and Laclede in the Central West End. That site featured single space meters, multi-space meters, and smartphone payments. Xerox was one of four companies to respond to an RFP issued last fall by the Treasurer's Office as part of an ongoing effort to modernize operations. The goal is to provide St. Louis with a cost-effective on-street parking system that allows people to use cash, credit cards and mobile phones to pay for parking. Xerox and Parkmobile were selected based on their experience in the parking operations industry, the cost to upgrade technology, their performance during the field test, and feedback from the Citizens Advisory Committee and the public. The parking study is expected to be completed this fall, and the parking meter installation and smartphone app launch is expected to begin during the fall as well. The cost of this project will be around $5 million. Xerox will be installing IPS single-space meters and Parkeon multi-space pay-stations under the new contract, with seamless backend integration into its Merge management system.


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