MPS providerLaserNetworks will operate as a wholly-owned subsidiary of Xerox Canada
Business process and document management Xerox has acquired managed print services (MPS) provider LaserNetworks.
LaserNetworks provides MPS offerings that include print device tracking, centralised service and supply management and document routing and helps businesses cut costs and reduce the time employees spend on print-related activities.
Under the agreement, LaserNetworks will operate as a wholly-owned subsidiary of Xerox Canada with LaserNetworks founder and CEO Chris Stoate continuing to lead the company, reporting to Xerox Canada president and CEO Mandy Shapansky.
Shapansky said the acquisition of LaserNetworks expands Xerox’s services footprint in Canada, enhancing Xerox’s capabilities and distancing it from competitors.
"It is further evidence of Xerox’s transformation into a services-led, technology-driven company," said Shapansky.
LaserNetworks founder and CEO Chris Stoate said by becoming part of such an esteemed company with well respected industry leadership, LaserNetworks exponentially increases its ability to deliver more customer value.
"We’re combining our collective industry expertise and innovative technologies to help our clients take full advantage of the benefits managed print services bring to their workplaces," said Stoate.