Now More than Ever, Take Home Network Security Seriously

Jamie Bsales
 Mar 26, 2020

Your Home Printer and Network Equipment Could Be Putting Corporate Data at Risk

With so many areas across the world now operating under “stay at home” orders, millions of traditionally office-based employees are adapting to life working from home for the first time. The challenges of finding sufficient work space, blocking out the noise from TVs blaring, children playing, dogs barking, online meetings crashing due to the lack of home bandwidth, and other distractions are already becoming all too commonplace. However, there is another, invisible and silent challenge that employers should be very conscious of: data security.

Read more »

Fuji Xerox Will be Changing Its Name in 2021

Jamie Bsales
 Jan 6, 2020

Another inevitable aspect of the unraveling of the FUJIFILM Group/Xerox Corp. relationship has fallen into place: FUJIFILM subsidiary Fuji Xerox Co., Ltd. has announced that it will be changing its corporate name to FUJIFILM Business Innovation Corp. as of April 1, 2021. That date, not coincidentally, is the day after the technology agreement between the two companies expires, marking the official end of the long-running partnership between Xerox and FUJIFILM.

As part of the original agreement, first signed almost 60 years ago, FUJIFILM and Xerox Corp. shared development costs for the laser engines and other components that underpin their office MFPs (still called “copiers” way back then) and printers. Subsequent renewals of the agreements also defined manufacturing responsibilities and sales territories. The result was that FUJIFILM would sell office equipment via its Fuji Xerox subsidiary in the Asia-Pacific markets, and Xerox Corp. would sell in the rest of the world—and source its office MFPs/printers from the joint venture.

Read more »

Update: Xerox Drops its Bid for HP

Jamie Bsales
 Nov 6, 2019

Update: On March 31, 2020, Xerox officially dropped its tender offer for HP shares, citing the macroeconomic uncertainty and market turmoil caused by the COVID-19 pandemic.                                                          

Original post, with updates:

The Wall Street Journal reported last night that Xerox’s board of directors discussed the possibility of purchasing HP Inc. in a cash-and-stock deal worth north of $27 billion. While we don’t have any information about the veracity of the WSJ report or the likelihood of it coming to pass, the combination (in some form) of HP and Xerox has been speculated about for several years.

Xerox executives–the team put in place by activist investors in the wake of the scuttled sale to FUJIFILM Holdings– have spoken publicly about their openness to finding other engine suppliers beyond Fuji-Xerox, and with HP they would have that. HP could benefit from Xerox’s strong channel-partner organization. Indeed, the two companies already announced a closer working relationship earlier this year. And while the Wall Street Journal described the pair as “two fading stars of technology” (a characterization we don’t agree with), a combined company would be in a very formidable position in both A3/A4 office equipment and related software, as well as in the production print space. HP also has a growing 3D-manufacturing business, which could be an attractive growth area for a resurgent Xerox. The combined companies would also be an innovation powerhouse: Xerox’s PARC (Palo Alto Research Center) and HP Labs are already among the most prolific organizations in the country when it comes to patent applications.

Of course, it wasn’t that long ago that smart money was on HP purchasing Xerox. But now with Xerox stock trading at a 10-year high and the company flush with a $2.3 billion down payment available from the sale of its half of the  joint venture with FUJIFILM–not to mention HP stock trading at historically low multiples (until this news leaked, that is)–Xerox may be in the better financial position to leverage such an acquisition . The WSJ reported that Xerox already had financing commitments lined up. The company could also consider selling HP’s Personal System’s Group to help pay down some of the debt incurred by the purchase.

That said, HP was not impressed. On November 18 and in communications thereafter, HP announced that its Board of Directors had rejected the Xerox offer. In its statements, HP said the deal undervalued the company, and cited concerns about the debt levels the combined entity would be saddled with.

And the saga came to an abrupt end on March 31, when Xerox officially withdrew its tender offer in the face of the growing COVID-19 crisis. The company’s official statement reads:

The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc. (NYSE:HPQ) (“HP”). Accordingly, we are withdrawing our tender offer to acquire HP and will no longer seek to nominate our slate of highly qualified candidates to HP’s Board of Directors.

While it is disappointing to take this step, we are prioritizing the health, safety and well-being of our employees, customers, partners and other stakeholders, and our broader response to the pandemic, over and above all other considerations.

There remain compelling long-term financial and strategic benefits from combining Xerox and HP. The refusal of HP’s Board to meaningfully engage over many months and its continued delay tactics have proven to be a great disservice to HP stockholders, who have shown tremendous support for the transaction.

Xerox’s Board of Directors and management team are grateful for the significant backing we received from both Xerox and HP stockholders throughout this process. We thank the talented individuals who agreed to stand for election to the HP Board, making time in their busy schedules to take on this responsibility when HP’s existing Board did not. And finally, we thank the banks who agreed to finance this acquisition, who never wavered in their commitments, even during the market turmoil caused by COVID-19.

HP Moves Aggressively into MFP Apps with an Entire Ecosystem

Jamie Bsales
 Nov 4, 2019

We’ve been talking for several years about the “appification” of document imaging software: The emergence of MFP-resident apps that use the device’s underlying (and increasingly powerful) embedded software platform to deliver enhanced functionality and, in some instances, eliminate the need for traditional “middleware” workflow solutions. And while HP had its share of on-board tools and connectors developed for it OXP embedded software architecture, it lagged competitors such as Xerox (with is App Gallery) and Konica Minolta (with its bizhub Marketplace, now just called Marketplace) when it came to an app portal where apps reside for resellers and/or customers to download to compatible MFPs.  Which made us wonder: What exactly was HP’s plan for the Printing App Center and Smart UX Center infrastructure HP snagged in its acquisition of Samsung’s printing business? We now have our answer. Late in October, HP officially unveiled a complete ecosystem for the development, deployment, management, and monetization of apps that can run on select HP MFPs. Here’s a quick look at the various pieces and how the puzzle seems to be coming together.

Read more »

Ricoh Expands Workflow Portfolio with DocuWare Acquisition

Jamie Bsales
 Jul 16, 2019

Just when we thought the era of document imaging OEMs purchasing document imaging software developers had passed, Japan’s Ricoh surprised us early in July by announcing a definitive agreement to acquire Germany- and U.S.-based DocuWare, one of the leading content management solutions vendors. The move puts Ricoh’s worldwide operating companies on equal footing with Canon and Xerox, which both have content management development capabilities in-house with their Therefore and DocuShare divisions. (And for those who have been keeping track, Lexmark, too, had owned an ECM developer in Perceptive Software, before shedding its enterprise software business to private equity firm Thoma Bravo in 2017.)

The content management space is certainly a growth area for the imaging industry. Keypoint Intelligence’s analysis shows the market for such solutions growing at an annual clip approaching 4% each of the next 4 years. And in a recent Keypoint Intelligence survey of IT decision makers in the U.S., U.K. and Germany, 35% of respondents overall reported that they are considering investing in a document management solution in the coming 18 to 24 months.

Are you considering purchasing document management software?

Read more »

2016 InfoTrends, Inc.

WordPress Appliance - Powered by TurnKey Linux