Sep 28
Times may be tight for most of us, but plenty of corporations still have a few billion to toss around. Take Dell, which announced last week plans to pick up Texas-based Perot Systems. Xerox is getting ready to follow suit with the planned acquisition of IT/outsourcing company, Affiliated Computing.
Xerox plans to buy the company for $6.4 billion–33.6 percent over the company’s current market value. “Customers are saying, ‘We need help with the entire document infrastructure,'” Xerox CEO Ursula Burns told Reuters. “We’ve got the technology piece of the back office and the technology piece of automation. We need help with the information piece.”
Xerox expects to close the deal in the first quarter of next year.
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