Xerox renames business company

Earlier this year Xerox announced its intention to split itself into two companies. One of these will deal with document technology and keep the Xerox brand name, effectively becoming a smaller version of the company that everyone in the print industry imagines that Xerox is today.

Xerox has now announced that the other half of the company, which will cover business process outsourcing, will be called Conduent, a name that makes even less sense than calling it the Business Process Outsourcing company. Conduent will be a Fortune 500 scale business process services company with expertise in transaction-intensive processing, analytics and automation.

There was an accompanying press release about the company’s role in partnering with governments and businesses to “drive satisfaction” among consumers, patients, commuters and employees – all groups that are not likely to feel warm and cuddly towards large corporations let alone governments.

Still, that will be something for Ashok Vemuri to ponder, since he’s due to take over as the CEO of Conduent following the separation of the two companies. He was previously CEO of Igate, where he engineered the sale of the company to venture capitalists Capgemini. He will join Xerox as CEO of its Business Services division in July.

The final separation between the two halves of Xerox is due to happen at the end of this year.


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