Xerox Makes an Acquisition

Xerox (NYSE: XRX  ) has reached over the border for its latest big-asset purchase. The company announced it has acquired CPAS Systems, a privately held firm based in Toronto that specializes in pension administration software. The terms of the deal were not disclosed.

In the press release announcing the news, the acquirer quoted Nancy Collins, group president of its state enterprise solutions division, as saying that "CPAS has a robust, highly flexible solution that strengthens Xerox's suite of offerings for modernizing government."

Both CPAS' management team and its employees will remain with the firm, said Xerox. CPAS will continue to operate from Toronto.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2593747, ~/Articles/ArticleHandler.aspx, 9/20/2014 6:18:00 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 9 hours ago Sponsored by:
DOW 17,279.74 13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASD 4,579.79 -13.64 -0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/19/2014 4:03 PM
XRX $13.98 Up +0.10 +0.72%
Xerox Corp CAPS Rating: ****

Advertisement