Xerox 2007 Annual Report Download - page 36
Download and view the complete annual report
Please find page 36 of the 2007 Xerox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
 |
 |
34
Acquisitions
To further our business goals, in 2007 we completed the acquisitions of GIS, a provider of
offi ce technology for small and mid-size businesses in the United States, and Advectis®
, Inc.
(Advectis), a provider of a web-based solution that electronically manages the process to
underwrite, audit, collaborate, deliver and archive mortgage loan documents. GIS focuses
on the SMB market through 22 regional core companies in the U.S. that sell and service
document management systems. With the GIS acquisition, we increased our distribution
capacity in the SMB market in the U.S. by approximately 50%, where the total opportunity
for document-related offerings is estimated at $16 billion. GIS currently serves about
200,000 customers with about 1,400 sales representatives and 1,700 service technicians.
Since acquiring GIS, they acquired four additional companies in 2007, further expanding
our distribution. In addition, as of the fourth quarter of 2007, roughly half of GIS
equipment available for sale was Xerox equipment compared to none a year ago.
Advectis’ web-based BlitzDocs Collaboration Suite helps users reduce costs associated with
the lending process, deliver better services, decrease credit risk and build a competitive
advantage in capturing new loan applications. Advectis, now branded Xerox Mortgage
Services, similar to our acquisition last year of Amici, expands our business process services
capabilities into yet another vertical document intensive area.
Our business
We made two acquisitions in 2007: A provider of
offi ce technology for small and mid-size businesses
in the U.S. and a provider of a web-based solution to
electronically manage mortgage loan documents.