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Home » Xerox officially separates Conduent

Xerox officially separates Conduent

Derek Gallimore

1 min read

Xerox Corporation has completed the separation of Conduent Incorporated, its business process outsourcing (BPO) business. Xerox CEO Jeff Jacobson said the successful completion of the separation sharpens the company’s market focus and commitment to its customers. In connection with the spin-off, Xerox received a cash transfer from Conduent of USD1.8bn, which it intends to use, along with cash on hand, to retire approximately USD2bn in debt. Conduent is set to be a Fortune 500 scale business process services company, with approximately USD7bn in 2015 revenue and 93,000 employees worldwide, including in the Philippines.

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About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

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