Wednesday, 4 Jan 2012 12:00pm EST
Xerox Corporation announced it has acquired LaserNetworks, a managed print services (MPS) provider in Canada that helps businesses cut costs and reduce the time employees spend on print-related activities.
Based in Oakville, Ontario, LaserNetworks provides MPS solutions that include print device tracking, centralized service and supply management and document routing. It will operate as a wholly-owned subsidiary of Xerox Canada with LaserNetworks founder and CEO Chris Stoate continuing to lead the company, reporting to Shapansky.
Terms were not disclosed.