Xerox

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Norwalk, Connecticut, U.S.

Xerox Corporation (NYSEXRX; pronounced /ˈzɪərɒks/) is a Fortune 500 global document management company (founded in 1906) that manufactures and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, and related consulting services and supplies. Xerox is headquartered in Norwalk, Connecticut (moved from Stamford, Connecticut in October 2007[1]), though its largest population of employees is based in and around Rochester, New York, the area in which the company was founded. On September 28, 2009, Xerox announced the intended acquisition of Affiliated Computer Services for $6.4 billion. The deal closed on February 8th, 2010.[2] Xerox holds a Royal Warrant from HM Queen Elizabeth II and the Prince of Wales.

Contents

History

Xerox was founded in 1906 in Rochester as "The Haloid Photographic Company",[3] which originally manufactured photographic paper and equipment. The company subsequently changed its name to "Haloid Xerox" in 1958 and then simply "Xerox" in 1961.[4] The company came to prominence in 1959 with the introduction of the Xerox 914,[5] the first plain paper photocopier using the process of Electro-photography, (later changed to xerography) developed by Chester Carlson.[6] The 914 was so popular that by the end of 1961, Xerox had almost $60 million in revenue. By 1965, revenues leaped to over $500 million. Before releasing the 914, Xerox had tested the market by introducing a developed version of the prototype 'Hand equipment', known as the 'Flat-plate' 1385. This was followed by the first automatic xerographic printer, the "Copyflo," in 1955. The Copyflo was a large microfilm printer, producing positive prints, on roll paper, from any type of microfilm negative. Following the Copyflo, the process was scaled down to produce the 1824 microfilm printer. At about half the size and weight this, still sizable, machine printed onto hand fed, cut sheet paper which was pulled through the process by one of two 'gripper bars'. This gripper feed system, when scaled down, was to become the basis for the 813 desktop copier.

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