Xerox Buys Small-Business Tech Retailer
April 3, 2007 -- Xerox is expanding into the small-business market with a $1.5 billion deal to buy Global Imaging Systems, a Tampa, Fla.-based company that sells office technology products to small and midsize businesses, the company announced Tuesday.
The acquisition will boost the Stamford, Conn.-based printing giant's distribution by 50 percent, while increasing its reach into the estimated $16 billion market of small businesses with some 200,000 new customers, the company said.
"Our biggest barrier to growth was distribution," Xerox CEO Anne M. Mulcahy said in a statement.
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