Xerox Acquires NewField IT; Extends Managed Print Services Capability
Thursday, May 26, 2011
Press release from the issuing company
NORWALK, Conn. -- Xerox Corporation today acquired NewField IT, a U.K.-based print consultancy and software solution provider. The acquisition expands Xerox's market-leading managed print services (MPS) portfolio that serves workplaces of any size.
NewField IT's consulting and software services help companies implement MPS more quickly. For example, its Asset DB software suite creates visual maps of a floor plan to show how assets – like printers and copiers – are used throughout an office. By combining this visual mapping with a database that tracks usage patterns of document devices, workplaces small to large are better able to monitor and manage the use of the devices and their overall print-related costs.
By adding NewField IT's services to its existing MPS offerings, Xerox is helping customers – from large enterprises to small and mid-sized business – capture cost savings and efficiency benefits of MPS faster than ever before.
"NewField IT's Asset DB is a user-friendly software, which speeds up some MPS implementations by up to four times. This will accelerate the return on the MPS investment for all our clients, helping boost business growth as they reinvest the costs savings into other areas of the business," said Stephen Cronin, president, Global Document Outsourcing, Xerox Corporation.
NewField IT will operate as a wholly-owned Xerox subsidiary. Co-founders Robert Newry and James Duckenfield will continue to jointly lead the company, with Newry reporting directly to Cronin. NewField IT will maintain its name and keep its headquarters in Twickenham, U.K., and itsU.S.operations inPhiladelphia. Its employees will all continue to operate as part of NewField IT.
"As an independent unit, we can take advantage of Xerox's global presence and respected innovation in the MPS space to scale our business and technology," said Newry. "Our approach to serving clients doesn't change: we'll remain an integral part of MPS offerings provided through a number of vendors in the field, and we will continue to preserve our impartibility in serving the market."
Xerox was positioned by Gartner, Inc., in the Leaders Quadrant in the 2010 Magic Quadrant for Managed Print Services Worldwide[i], and was recognized as a leader in IDC's Worldwide and U.S. Outsourced Print and Document Services Forecast and Analysis2 and in IDC's 2010 MPS MarketScape report3. Xerox was also named a managed print services market leader in Quocirca's European Vendor "MPS Comes of Age" report 2010.
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