Xerox Announces New Partnership with PBS Group in Peru and Ecuador
02 Abril 2024 - 7:00AM
Business Wire
Xerox Holdings Corporation (NASDAQ: XRX) today announced plans
to continue the transformation of its operating model.
Specifically, in Peru and Ecuador, the operations in these
countries will transition to Productive Business Solutions Limited
(PBS), the company’s long-standing partner throughout Central
America, South America and the Caribbean. The transaction is
expected to close in the second quarter of 2024, once authorization
from the Ecuadorian competition authority is obtained. Xerox
employees in both countries will shift to PBS once the transaction
closes.
“In today’s business environment, organizations need support
from partners who have a deep understanding of regional market
dynamics and who can respond with maximum speed and agility,” said
John Bruno, president and chief operating officer at Xerox. “This
indirect model with PBS will best support our clients in region
while allowing Xerox to put greater focus on developing and
deploying Digital Services capabilities to diversify our
channel-ready offerings. We thank our dedicated Xerox employees for
their commitment and hard work over the years and look forward to
following their continued success.”
Following this transfer of ownership, the new companies will
operate as independent entities. PBS will continue to serve Xerox
clients in Peru and Ecuador and will become the exclusive
distribution partner for Xerox in these markets. Xerox has a
successful and well-established partner-led business and will
continue to uphold its brand presence in the region through its
network of partners and distributors.
“We have proudly worked in partnership with Xerox for over two
decades, during which time we have consistently delivered a
comprehensive suite of products and professional services to our
valued clients across Central America, the Caribbean and South
America. This strategic expansion in Peru and Ecuador further
solidifies our presence in Latin America, extends our footprint to
a total of 24 countries and bolsters our workforce to over 3,000 IT
professionals. We look forward to deepening our longstanding
relationship with Xerox and welcome the talented teams in Peru and
Ecuador to PBS,” said P.B. Scott, Chairman of PBS Group.
Financial terms of the transaction were not disclosed.
About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the
workplace experience. Harnessing our leadership position in office
and production print technology, we’ve expanded into software and
services to sustainably power the hybrid workplace of today and
tomorrow. Today, Xerox is continuing its legacy of innovation to
deliver client-centric and digitally-driven technology solutions
and meet the needs of today’s global, distributed workforce. From
the office to industrial environments, our differentiated business
and technology offerings and financial services are essential
workplace technology solutions that drive success for our clients.
At Xerox, we make work, work. Learn more at www.xerox.com and
explore our commitment to diversity and inclusion.
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version on businesswire.com: https://www.businesswire.com/news/home/20240402049989/en/
Media Contact: Justin Capella, Xerox, +1-203-258-6535,
Justin.Capella@xerox.com
Xerox (NASDAQ:XRX)
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