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Xerox Corp. completes Conduent spinoff

Jeff JacobsonXerox has completed the separation of Conduent Incorporated, creating two publicly- traded companies.

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READ MORE Xerox board approves separation into two companies

“Today is an historic day for Xerox. The successful completion of the separation sharpens our market focus and commitment to our customers,” said Xerox CEO Jeff Jacobson.

Members of the company’s executive leadership team, employees and customers will celebrate the milestone by ringing the opening bell at the New York Stock Exchange (NYSE) tomorrow, January 4, 2017.

Xerox’s focus on growing its global leadership in digital print technology and services will help customers innovate how they communicate, connect and work more productively.

The company’s financial model and revitalized business strategy will enable strong free cash flow generation and margin expansion, as well as targeted investments in attractive growth areas, such as document outsourcing and solutions for small- and medium-sized businesses.

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