30th September 2009

Xerox Becomes a Red Light Camera Company

posted in Car News Articles |

Xerox Corporation announced yesterday that it would acquire Affiliated Computer Services (ACS) for $6.4 billion. ACS is a major, long-time player in the speed camera, red light camera, tolling and parking ticket business. Xerox, famous for its domination of the photocopying market from the 1960s to the 1980s, sees the purchase as a way to reinvent itself and dominate the business outsourcing market. “By combining Xerox’s strengths in document technology with ACS’s expertise in managing and automating work processes, we’re creating a new class of solution provider,” Xerox CEO Ursula M. Burns said in a statement. “A game-changer for Xerox, acquiring ACS helps us expand our business and benefit from stronger revenue and earnings growth.”

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