Xerox Corporation, commonly known as Xerox, is an American multinational corporation that revolutionized the printing and copying industry. It was founded in 1906 as The Haloid Photographic Company in Rochester, New York, by Chester Carlson and Joseph C. Wilson. Initially, the company specialized in photographic paper and equipment. In 1947, Chester Carlson invented the process of xerography, which laid the foundation for modern photocopying technology.
Xerox is primarily known for its innovative photocopiers and printers. The company's breakthrough came with the commercialization of the first plain-paper photocopier, called the Xerox 914, in 1959. This invention marked a significant turning point in the business world, as it introduced a faster and more efficient way to duplicate documents, reducing the reliance on carbon paper and manual copying methods.
Over the years, Xerox expanded its product line to include various office equipment and services. They offer printers, multifunction devices, digital production printing presses, and software solutions for document management and workflow automation. Xerox's products and services cater to both large enterprises and small to medium-sized businesses.
Xerox is listed on the New York Stock Exchange (NYSE) under the ticker symbol "XRX." The company has its headquarters in Norwalk, Connecticut, USA. Xerox has a global presence, with operations in over 160 countries, and it serves customers in various industries, including finance, healthcare, education, and government.
In recent years, Xerox has undergone strategic transformations to adapt to changing market demands and digital trends. They have been focusing on expanding their services and solutions portfolio, emphasizing digital technologies and cloud-based offerings. Additionally, Xerox continues to invest in research and development to maintain its position as a leader in the printing and document management industry.