ORLANDO, Fla., Xerox Corporation (NYSE: XRX) today announced KnowledgeShare, a document and knowledge management solution that converts paper documents into digital files that can then be e-mailed and shared more easily throughout an organization. KnowledgeShare enables companies to enhance productivity and reduce costs associated with traditional paper-based document management. Xerox and Lotus collaborated to develop KnowledgeShare, which is being demonstrated this week at Lotusphere 2000, an annual trade show sponsored by Lotus. KnowledgeShare bridges the paper and digital divide by providing instant electronic access to information. It lets users find, retrieve, update, reuse, share, store, publish and distribute documents quickly and easily. The solution uses Xerox's Document Centre digital multifunction products, Cobra Technologies' Image Router for Xerox (CITX), and Lotus Domino Application Server. According to a user study by IDC, a leading independent research organization, the projected return on investment for KnowledgeShare exceeds 400 percent over five years by improving productivity and knowledge distribution while making more effective use of hardware. "Much of today's information is mired in paper, an isolated and non-searchable format, making it difficult to manage for many workers," said Len Parker, vice president and general manager, Xerox Office Solutions Business Unit. "KnowledgeShare demonstrates Xerox's commitment to delivering innovative solutions that improve business workflow and meet customer needs."