The corrected release reads:
GLOBAL IMAGING ANNOUNCES AGREEMENT TO ACQUIRE COMDOC
Global Imaging Systems, Inc., a Xerox company (XRX:Xerox Corporation
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XRX 6.77, -0.20, -2.9%) , today announced a definitive agreement to acquire ComDoc, Inc. This acquisition will expand Global Imaging's coverage into four states offering them access to more than 14,000 new customers.
One of the larger independent dealers in the U.S., ComDoc, sells products from various suppliers, none of which today include Xerox. In addition to its existing offerings, ComDoc will start selling Xerox document management products following the close of the acquisition.
Comdoc, founded and headquartered in Akron, Ohio in 1955, has offices in Cincinnati, Cleveland, Columbus, Dayton and Youngstown, Ohio; Pittsburgh, Pa.; Albany, Buffalo and Syracuse, N.Y.; and Fairmont, W. Va.
This acquisition will continue Global Imaging's expansion of a national network of office technology suppliers to serve its growing base of small and mid-size businesses.
Subject to customary closing conditions, the acquisition is expected to be completed in the first quarter of 2009. Terms of the deal have not been disclosed.
About Global Imaging Systems
Global Imaging Systems operates through small and mid-sized businesses with regional core companies in the U.S. that sell and service document management systems such as printers, copiers and multifunction devices; network integration services; and electronic presentation systems. As an office technology dealer, Global sells products from various suppliers including Xerox, Sharp, Konica Minolta and Kyocera Mita. Xerox acquired Global Imaging in 2007 and operates it as a wholly owned subsidiary within Xerox's North American operations.
Carl Langsenkamp, Xerox Corporation, +1-585-423-5782, email@example.com
Note: For more information on Xerox, visit http://www.xerox.com. For open commentary and industry perspectives, visit http://www.xerox.com/blogs or http://www.xerox.com/podcasts.
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SOURCE: Xerox Corporation