Xerox Corporation is an American multinational
document management corporation that produced 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), 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 8, 2010. Xerox holds a Royal Warrant
from HM Queen Elizabeth II
and the Prince of Wales
.Xerox was founded in 1906 in Rochester as The Haloid Photographic Company, which originally manufactured photographic paper and equipment. The company subsequently changed its name to Haloid Xerox in 1958 and then simply Xerox in 1961. Xerography
, a modern word meaning "dry writing" developed from two Greek roots, is the name of the process invented in 1938 and developed by the Haloid Company. The company came to prominence in 1959 with the introduction of the Xerox 914
,the first plain paper photocopier
using the process of Electro-photography, (later changed to xerography) discovered by Chester Carlson
, which he developed with John H. Dessauer
. 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.In 1963, Xerox introduced the Xerox 813
, the first desktop plain-paper copier, bringing Carlson's vision of a copier that could fit on anyone's office desk into a reality. Ten years later in 1973, a basic, analogue, color copier, based on the 914, followed. The 914 itself was gradually sped up to become the 420 and 720. The 813 was similarly developed into the 330 and 660 products and, eventually, also the 740 desktop microfiche printer.Chester Carlson's original hand equipment, which saw the market as the 1385 Flatplate, was not actually a viable copier because of its speed of operation. In consequence it was sold as a platemaker to the offset lithography market. It was little more than a high quality, commercially available plate camera, mounted as a horizontal rostrum camera, complete with photo-flood lighting and timer. The glass film/plate, however, had been replaced with an aluminum plate, coated in selenium. Clever electrics turned this into a quick developing and reusable substitute for film. A skilled user could produce fast, paper and metal printing plates of a higher quality than almost any other method. Having started as a supplier to the offset litho. duplicating industry, Xerox now set its sights on capturing some of offset's market share.Xerox's first foray into duplicating, as distinct from copying, was with the Xerox 2400. This number denoted the number of prints produced in an hour. Although still some way short of offset speeds, this machine introduced the industry's first Automatic Document Feeder, Slitter/Perforator and Collator (sorter). This product was soon sped up, fifty percent, to become the Xerox 3600 Duplicator.As an aside, whilst all the above was going on, in a small lab a team was borrowing copiers, off the line, and modifying them. Called the Long Distance Xerography project (LDX for short) and beginning with 914s, the aim was to be able to connect two copiers together, via the public telephone network, such that a document scanned on one machine would be copied out on the other. Many years later this work came to fruition in the Xerox Telecopiers, seminal to today's fax machines. The fax operation in today's multifunction copiers is true to Carlson's original vision for these devices.
Net income $ 1.328 billion (2011)
Total assets $ 30.116 billion (2011)
