Xerox acquisition targets forms processing
Xerox (Rochester, NY) has acquired the Bradley Company (Cleveland) to bolster its services and solutions offerings for automated forms processing and document management. "This acquisition will strengthen our position in forms-intensive industries such as healthcare, financial services and insurance, where forms can represent 40% to 80% of the documents produced or used," said Norman Rickard, president of Xerox's Document Services Group. Bradley's two flagship products Spectrum Plus and PrintLink are used to manage the requisitioning, procurement, receiving, inventory, cost allocation, warehousing and distribution of internally consumed goods, supplies and documents. Bradley, which has partnered with Xerox for five years and will now be an independent subsidiary of Xerox, will continue to offer its products and consulting services direct to customers and through partnerships. Xerox Business Services plans to launch outsourcing services built around Bradley applications by mid-year.