Tagged With "Fuji Xerox"

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Fuji Xerox Development and Sales Jointly Establish an Open Innovation Hub to Create the Future of Print Communications

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TOKYO, December 4, 2017 – To generate diverse communication methods throughout the printing workflow, Fuji Xerox Co., Ltd. announces that it will establish a new open innovation facility (hereafter, the facility) beyond spring of 2018. The facility, which aims to create new values hand-in-hand with customers, will serve as a global hub in providing a point of contact for collaboration with customers and partner companies. To be built inside the Ebina Center—Fuji Xerox’s base for technology...
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Fuji Xerox to buy CSG for $141M

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Fuji Xerox Asia Pacific has entered into a Scheme of Implementation Deed to acquire publicly listed print and business technology solutions provider CSG for A$140.8 million. Fuji Xerox is putting forward a cash price of A$0.31 per CSG share (449.26 million shares), valuing CSG issued equity at A$140.8 million with an enterprise value of A$181.6 million. The deal will see the CSG brand become a wholly owned subsidiary of Fuji Xerox Asia Pacific. read the rest here
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Fujifilm-Xerox update

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- Fuji Xerox said that as of April 1, 2021, it will be changing its name to FUJIFILM Business Innovation Corp - “ending the Technology Agreement with Xerox opens doors for Fuji to, after April 2021, to utilize technologies owned by Fujifilm Group to produce/market products and solutions under our Fujifilm brand worldwide” - this includes entering the U.S. and elsewhere with MFPs and printers to compete against Xerox and others
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Fuji Xerox rebrands as Fujifilm Business Innovation

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Fuji Xerox has rebranded and will be known as Fujifilm Business Innovation as of 1 April 2021 as part of the company's plans to focus on its existing businesses and expand into new business areas such as cloud, artificial intelligence, and the Internet of Things. Affiliates and sales companies in and outside of Japan will also change their names respectively on the same date, but Fuji Xerox said their new names will be revealed at a later date. The rebranding comes as the company also...
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Xerox exits Fujifilm venture with $2.3 billion stake sale to Japan partner

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TOKYO (Reuters) - Xerox Holdings Corp ( XRX.N ) will sell its 25% stake in Fuji Xerox, its joint venture with Fujifilm Holdings ( 4901.T ), for $2.3 billion, after investor activism scuppered a deal involving the two companies. Xerox, struggling with falling demand for office printing equipment, had agreed to a complex $6 billion deal that would have merged the U.S. brand into Fuji Xerox and given Fujifilm control. But Xerox scrapped the deal last year after lobbying by two of its main...
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Second day of strikes as crisis hits Fuji Xerox NZ

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26 February, 2019 05:00 Credit: Dreamstime Engineering staff protesting over pay have returned to the picket line for a second day of strikes, as problems continue to mount for Fuji Xerox in New Zealand. According to trade union E tū, 50 members - seemingly up from the 45 reported on Monday - in will “walk off the job” from 7:30am to 4:30pm. As revealed by Reseller News , the members are in dispute with the vendor regarding a two per cent pay offer, which the union claims the “company...
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Fuji Xerox president warns against ending joint venture

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While Xerox Corp. and Fujifilm Holdings are locked in a legal combat over the termination of their acquisition deal, the head of Fuji Xerox Co. Ltd., the joint venture between the sparring companies, expressed confidence that the venture’s future is secure. In an interview with Reuters , Fuji Xerox President Kouichi Tamai insisted that the companies will keep the joint venture intact, despite threats from Xerox that it would seek out new partners for the Asia-Pacific market. Fuji Xerox is 75...
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Fujifilm now suing Xerox for over $1 billion

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In the ongoing “melodrama” between industry giants Fujifilm and Xerox, Fujifilm Holdings Corporation is suing Xerox Corporation for breach of contract and estimated damages of more than $1 billion after Xerox walked away from a planned merger earlier this year. Though Xerox appeared to reach an agreement with its dissident investors Carl Icahn and Darwin Deason last month to end the deal it had in place with Fujifilm, apparently it’s still fighting with Fujifilm over the merger the pair...
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Xerox says to lower dependency on Fujifilm, seek new vendors

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( Reuters) - Xerox Corp said on Monday it would start sourcing products from new vendors to lower its dependency on Fujifilm Holdings Corp and may not renew its technology agreement with the 56-year-old joint venture Fuji Xerox. Fujifilm sued Xerox last week for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger agreed in January. In a letter to Fujifilm Chief Executive...
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Embattled Fuji Xerox cuts NZ losses, rebuilds after financial scandal

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Fuji Xerox's New Zealand business recorded a reduced loss before tax of $12.4 million in its 2018 financial year compared with $14.9 million in 2017. In New Zealand, Fuji Xerox operates as two legal entities – Fuji Xerox New Zealand Limited and Fuji Xerox Finance Limited. The embattled vendor, which remains excluded from some government contracts after a $450 million sales and accounting scandal that originated in New Zealand, reported positive operating cash flows and an improved working...
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Xerox profit slumps as battle over Fujifilm deal intensifies

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Xerox said on Tuesday its chief executive officer and most of its board will step down to settle a lawsuit by activist shareholders Carl Icahn and Darwin Deason, paving the way for new management to reconsider the contentious deal with Fujifilm. The company said on Wednesday that it will not provide a forecast for 2018 due to the pending director appointment, nomination and settlement agreement with Icahn and Deason. It would have reaffirmed its full-year guidance on revenue, adjusted...
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Fujifilm Tells Xerox It's Reviewing Its Options, Including 'Legal Action Seeking Damages'

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Fujifilm is considering legal action that would force Xerox to pay damages for backing out of acquisition talks but it said it will not raise the value of its offer for the company. “The proposed transaction, including its economic terms, was negotiated at arm's length based on fair valuations and we continue to believe it is the best option designed to allow the stockholders of both companies to share the enhanced future value of the combined company with Fujifilm," the company said in a...
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Japan's Fujifilm to take over partner Xerox to slash costs

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TOKYO (AP) - Fujifilm Holdings and copier company Xerox Corp. said Wednesday the Japanese company will take over Xerox in a restructuring intended to slash costs. The companies said Wednesday that Fuji Xerox, their 56-year-old joint venture, will combine with Xerox, with Fujifilm Holdings taking a 50.1 percent stake in the newly formed company, New Fuji Xerox. Through restructuring and other reforms, the companies expect to save $1.7 billion a year by 2022. The deal calls for Xerox...
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Fuji Xerox takes home $28M Sydney toll ticket deal

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The NSW Government Roads and Maritime Services has awarded Fuji Xerox Australia a $27.7 million, 18-month managed print and mailing contract. Technically, the new contract, which runs until the end of November 2018, is for the provision of management and business professionals and administrative services. However, it is understood that the arrangement will specifically see Fuji Xerox Australia provide integrated system, printing and mail house services associated with the NSW Roads and...
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Fuji Xerox makes Secured Signing partnership

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Fuji Xerox New Zealand drives digital further with Secured Signing partnership 23 March, 2017, Auckland, New Zealand - As it continues to build out a complete digital platform for document management, Fuji Xerox New Zealand has announced a new partnership with Secured Signing which enables digital signatures to be easily and securely added to any document or form. The partnership is part of the strategy Fuji Xerox put in place recently to bring enhanced cloud offerings to the New Zealand...
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ATLASPACE Collaborates with Fuji Xerox (Hong Kong) to Launch Pop-up Smart Office Showroom

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HONG KONG , Aug. 14, 2019 /PRNewswire/ -- ATLASPACE is committed to providing flexible workplace solutions, including private office, multi-functional conference rooms, functional area and a tailor-made "Headquarters by ATLASPACE" service in which ATLASPACE would be responsible for interior design, construction and property management. Recently, ATLASPACE has collaborated with Fuji Xerox ( Hong Kong ) to transform a private office into a new Pop-up Smart Office Showroom showcasing its latest...
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Stop using 'Xerox' when you mean 'copy', Japanese firm tells public in Philippines

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MANILA - The Japanese company that makes the world's most popular photocopying machines is asking the public in the Philippines to stop using the word "Xerox" when referring to anything other than the machines it makes or services it provides. Fuji Xerox Co. Ltd. published a notice on a Philippine broadsheet on Thursday to remind people that its Xerox brand is "not just another word for copy." The company said Xerox is a globally recognized registered trademark protected by law. While a lot...
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Re: Xerox exits Fujifilm venture with $2.3 billion stake sale to Japan partner

Art Post ·
This statement is extremely interesting....."“We can now expand our sales territory...and launch new products,” because Fuji Xerox will now be able to sell copiers not just to Xerox, but also to other brands in the United States and Europe, he said." What could the other brands be? Toshiba, Kyocera, Sharp, Ricoh or maybe a Mega Dealer? Maybe some new company?
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Fuji Xerox Australia head of sales Garry Gray resigns

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Garry Gray, Fuji Xerox Australia executive general manager, sales, has resigned after nearly a decade with the printer vendor amid turmoil for the company. Gray will remain with Fuji Xerox for a short time to assist with the transition before being replaced by Steve Green, a printing industry veteran who has worked with EFI, Océ, Ricoh and Kodak, on 28 September. In a news alert sent to Fuji Xerox staff, Sunil Gupta, managing director of Fuji Xerox Australia, thanked Gray. "I know he feels...
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Xerox Investors Say Fuji Will Pounce If Merger Stop Lifted

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Xerox Investors Say Fuji Will Pounce If Merger Stop Lifted By Alison Noon Law360, New York (September 25, 2018, 7:12 PM EDT) -- Counsel to Xerox Corp. shareholders urged a Manhattan trial court on Tuesday to continue blocking an abandoned merger agreement with Fujifilm Holding Corp. once valued at $6.1 billion, saying a change... read the rest here
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Xerox shareholders stay silent, dashing Fujifilm's hopes of deal

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TOKYO -- Xerox stakeholders failed to speak up in favor of an acquisition by longtime partner Fujifilm Holdings at a general meeting Tuesday, dimming the Japanese company's prospects of fighting the activist investors opposing the deal. The Tokyo-based photography and imaging company's focus now shifts to appealing an injunction placed on the deal in April by a U.S. court. Under the original agreement, the American office machine maker would have taken over joint venture Fuji Xerox, and...
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Icahn ally sues to block Fuji-Xerox merger

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Xerox shareholder Darwin Deason asked courts on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings, claiming board members at the US photocopier maker had failed in their duty to shareholders. Deason and fellow shareholder Carl Icahn have been fighting to stop Fujifilm from taking over Xerox in a $6.1 billion deal, saying the transaction “dramatically” undervalued Xerox and “disproportionately” favored Fuji. Xerox has countered the claims, saying that the merger seemed to...
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Xerox Reinforces Significant Benefits of Its Proposed Combination with Fuji Xerox

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NORWALK, Conn.--( BUSINESS WIRE )--The Board of Directors (the “Board”) of Xerox (NYSE:XRX) today issued the following letter to Xerox shareholders, reinforcing its belief in the significant benefits of the Company’s proposed combination with Fuji Xerox: *** Dear Xerox Shareholders, On January 31, 2018, Xerox announced its plans to combine with Fuji Xerox – the joint venture Xerox and Fujifilm established in Asia 56 years ago – to create a global leader in innovative print technologies and...
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Fuji Xerox appoints Icahn-backed director to the board

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TOKYO -- Fuji Xerox, the joint venture between Fujifilm Holdings and the office equipment supplier Xerox, said on Thursday it has named to its board of directors an executive supported by activist investor Carl Icahn. The executive, John Visentin, took over as Xerox CEO in May as part of the settlement Icahn and fellow activist investor Darwin Deason reached with the American company. The investors are pressuring Xerox to abandon a $6.1 billion takeover by Fujifilm. read the rest here
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I Wouldn’t Buy a Fuji Xerox

Guest ·
July 2, 2018 FujiFilm is suing Xerox for a Billion dollars because Xerox backed out of the merger after one of the Xerox Board of Directors staged a rebellion. “ Fujifilm (also)…threatened to compete against Xerox Corp …if it failed to renew its technology agreement in 2021.” If you are unaware of the relationship between Fuji and Xerox, Fuji makes a large portion of Xerox’s line of Office equipment. Your Xerox Rep probably just calls them “Xerox” because he doesn’t want you concerned about...
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Fuji Xerox Expands Monochrome Multifunction Device Lineup for China/Asia-Pacific Market

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Fuji Xerox Expands Monochrome Multifunction Device Lineup for China/Asia-Pacific Market Announces DocuCentre S2110—Planned and Developed by Chinese Engineers in the Local Market TOKYO, May 22, 2017 – Fuji Xerox Co., Ltd. releases DocuCentre S2110, a new addition to the DocuCentre S series of monochrome multifunction devices for the small- and medium-sized businesses (SMB) market in the China and Asia-Pacific region. To meet the market requirements in China and other emerging countries, the...
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Fujifilm-Xerox Venture Ousts Executives Over Accounting Trouble

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TOKYO — Fuji Xerox, the Japan-based joint venture between Xerox and Fujifilm Holdings, said on Monday that its chairman and three other executives were stepping down over accounting problems discovered at its operations in Australia and New Zealand. Kenji Sukeno, president and chief operating officer of Fujifilm Holdings, which owns 75 percent of Fuji Xerox, bowed and apologized at a news conference along with other Fujifilm executives. “We will strengthen corporate governance at Fuji...
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Re: I Wouldn’t Buy a Fuji Xerox

Jason H ·
With all the customers who supposedly “do 75% research before meeting with anyone” I couldn’t imagine anyone dealing with anyone who sold xerox equipment if they truly did any research.
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Re: I Wouldn’t Buy a Fuji Xerox

SalesServiceGuy ·
I have a municipal RFP for 50+ copiers that I have to a make a group presentation to this month. I expect one of the final three making a presentation is Xerox, who is not the incumbent vendor. How would you go about dropping this breaking news on the audience? I know it is not good etiquette to speak badly about your competitors but I definitely do not want to let this bone head move by Xerox to slip by. As a Toshiba sales rep, I have been bad mouthed by my competitors for the last two...
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Re: I Wouldn’t Buy a Fuji Xerox

Jason H ·
To me it’s not bad mouthing anyone when you share “news” with a customer. I keep a portfolio of recent industry news for people to see.
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Australia's CSG receives takeover offer from Japan's Fuji Xerox for $95 million

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(Reuters) - Printing and technology services provider CSG Ltd ( CSV.AX ) said on Thursday it received an offer from Japan’s Fuji Xerox Co in a deal worth A$139.3 million ($95.46 million). Under the proposed offer, Fuji Xerox Co will pay A$0.31 per CSG share, which represents a premium of 31.9% to CSG’s last closing price on Oct. 23. CSG said in the statement it has entered in a preliminary deal agreement with Fuji, which is a unit of Japan’s Fujifilm Holdings Corp ( 4901.T ). It also...
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Fuji Xerox Australia Launches Digital Multifunction Printers. Introducing the ApeosPort-VII C ...

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Sydney, 4 November 2019 – Fuji Xerox Australia, has today announced it has launched six models in the ApeosPort-VII C / DocuCentre-VII C multifunction printer series. These new high-speed models have been specifically designed to meet the needs of customers who print consistently high volumes of documents that demand reliability, accuracy and beauty. “Targeted at customers in government, education and enterprises we are proudly pitching the devices as high image quality with durability,...
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Fuji Xerox Australia launches content management software solution DocuShare 7

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SYDNEY, August 9, 2016 – Fuji Xerox Australia has launched the latest version of its software solution, DocuShare 7. This version offers a new range of solutions for small to medium size businesses and large enterprises aimed at reducing costs, labour and risks associated with document storage. DocuShare 7 improves daily processes by enabling businesses to unify all devices through one program. This version includes a new web based interface which allows users to drag and drop multiple files...
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Esker and Fuji Xerox Announce Accounts Payable Partnership in Asia-Pacific

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LYON, France & MIDDLETON, Wis.--(BUSINESS WIRE)--Feb 13, 2019--Esker, a worldwide leader in AI-driven document process automation solutions and pioneer in cloud computing , announced today that Fuji Xerox , a leading solutions provider in document services and communications, will market Esker’s cloud-based Accounts Payable automation solution as part of Fuji Xerox’s offering to optimize accounts payable (AP) management processes in Japan, and soon in Australia, Hong Kong and Singapore.
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Intertype in Australia: First With Color-Logic on Fuji Xerox Iridesse

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PRESS RELEASE For Immediate Release For more information, contact: Mark Geeves at 513-258-0047 or mark@color-logic.com Intertype in Australia: First With Color-Logic on Fuji Xerox Iridesse West Chester, Ohio, USA; January 2019-- Intertype, a premier printer in Australia, recently installed a Fuji Xerox Iridesse press and became the first printer worldwide to utilize the Color-Logic process on this press. Discussing the installation, Color-Logic Director of Sales and Marketing Mark Geeves...
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New Xerox CEO calls Fujifilm’s bid to renew merger talks ‘delusional,’ casts shadow over Fuji Xerox venture

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NEW YORK/SAN FRANCISCO – Xerox Corp. CEO John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned that he doesn’t plan to renew the companies’ Asia joint venture Fuji Xerox in 2021. Visentin, elevated to CEO after shareholders Carl Icahn and Darwin Deason won a court order blocking the companies’ $6.1 billion merger deal, said in a letter to Fujifilm Chairman Shigetaka Komori on Monday that a lawsuit by Tokyo-based Fujifilm was “nothing more...
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Fujifilm threatens to compete against Xerox if partnership not renewed

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(Reuters) - Fujifilm Holdings Corp ( 4901.T ) on Wednesday threatened to compete against Xerox Corp ( XRX.N ) in Asia-Pacific and challenge it in America and Europe if it failed to renew its technology agreement in 2021. Xerox had said on Monday it would start sourcing products from new vendors to lower its dependency on Fujifilm and may not renew the agreement with the 56-year-old joint venture Fuji Xerox. In a letter to Xerox’s newly appointed Chief Executive Officer, John Visentin,...
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Re: New Xerox CEO calls Fujifilm’s bid to renew merger talks ‘delusional,’ casts shadow over Fuji Xerox venture

Art Post ·
Frak, who is going to blink first? Xerox or Fujifilm Xerox states that they will not renew the 50 year relationship with Fuji-Xerox, Fuji Xerox manufacturers most of Xerox's MFPs. Where would Xerox go for MFP's?
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Xerox reportedly in talks for a deal with Fujifilm

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ROCHESTER, N.Y. — Xerox is reportedly in talks with Japanese camera compan y Fujifilm to strike a deal that could rejuvenate the document technology company. A deal could result in a “change of control” at the Norwalk, Conn.-based company, though a full takeover of Xerox Corp. ( XRX ) is not on the table, the Wall Street Journal reported Wednesday. Fujifilm and Xerox embarked on a joint venture in the 1960s, called Fuji Xerox Co. , a consolidated subsidiary of parent company Fujifilm...
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Fuji Xerox launches wide-format monochrome multifunction device lineup.

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Fuji Xerox Asia Pacific Pte Ltd has begun its regional launch of five models of the DocuWide 6057/3037 series, A0 monochrome multifunction devices with enhanced print speeds and resolution. The new series aims to help enhance workflows and output for industries such as architecture, engineering and construction, which require fast, high quality and multi-site printing operations. The new series features a secondary Ethernet port that enables shared usage between two different networks, such...
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Fujifilm sues Xerox over aborted merger, seeks more than $1 billion

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Fujifilm sued Xerox on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger. Fujifilm accused Xerox of engaging in "intentional and egregious conduct" in calling off the merger, after the photocopier company reached a settlement with Icahn and Deason that handed control to new management, according to the complaint filed with the U.S. District Court in...
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Fuji Xerox To Launch 20 Full Colour Digital MFD Models In Asia ...

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TOKYO, Nov 1 (Bernama) -- Fuji Xerox Co Ltd, the leader in the management solution in the Asia Pacific region, including Malaysia, will be launching 20 multifunction device (MFD) products in the region beginning Nov 20 as one of its new growth...
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Fuji Xerox Expects Multi-Function Devices To Generate RM60 Million In Sales

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KUALA LUMPUR, Dec 3 (Bernama) -- Document management solutions provider, Fuji Xerox Asia Pacific Pte Ltd, expects its latest full-colour digital multi-function devices, launched today, to generate RM60 million in sales in Malaysia by end-2014. Its...
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Fuji Xerox Launches New Digital Full Colour Press In Asia Pacific

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SINGAPORE, June 20 (Bernama) --  To cater to the needs of print professionals, Fuji Xerox Asia Pacific Pte Ltd today launched a new digital full-color press, the VersantTM 2100 Press in the Asia Pacific region. The press, designed to boost...
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Fuji Xerox Recognizes Altera with 2014 Premier Partner Award

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SAN JOSE, Calif., Sept. 2, 2014 /PRNewswire/ -- Altera Corporation today announced it has been recognized as a 2014 Premier Partner by Fuji Xerox Co., Ltd. Fuji Xerox is headquartered in Japan and develops, produces and sells xerography (or electrophotographic) and document-related products and services in the Asia-Pacific region. This is the second consecutive year Altera has received the Premier Partner Award from Fuji Xerox, having earned once again the highest marks in technology...
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Fuji Xerox presents Innovation Re:Mix Forum - Future x Smart to re-imagine the future of work

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SINGAPORE , Sept. 6, 2019 /PRNewswire/ -- Fuji Xerox Singapore, a leading provider in document and communications solutions, today held its second Innovation Re:Mix Forum Future x Smart 2019, at the Marina Bay Sands Expo and Convention Centre. The event brought together industry leaders and senior executives to share research insights and enterprise implementation best practices in enabling a future 'smarter' workplace. The full-day conference was opened by Ms. Sara Cheng , Chief Executive...
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‘No tangible benefits’: N.Y. judge rejects Xerox shareholder class action deal

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Seems Xerox dodged another bullet here. (Reuters) - New York State Supreme Court Justice Barry Ostrager of Manhattan is not afraid to stir things up. In April 2018, you may recall, the judge – previously a longtime litigation partner at Simpson Thacher & Bartlett – issued a preliminary injunction to block Xerox from allowing a shareholder vote on a proposed merger with Fuji, holding that the deal was hopelessly tainted by Xerox board members’ conflicts. Justice Ostrager’s decision was...
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Re: Fuji Xerox launches wide-format monochrome multifunction device lineup.

Art Post ·
Since Xerox will become Fuji-Xerox wonder if they will bring back wide format to the US market. Anyone care to comment?
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Re: Fuji Xerox rebrands as Fujifilm Business Innovation

Art Post ·
One brand vanishes and another energes
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Re: I Wouldn’t Buy a Fuji Xerox

Art Post ·
SSG I would have a slide about stability in the market place and how acquisitions are changing the industry
 
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