Xerox, Canada acquires Ontario-based LaserNetworks to expand Xerox’s managed print service (MPS) capabilities, which include print device tracking, centralized service and supply management and document routing.

Laser Networks currently services more than 40,000 print-related devices in businesses across Canada, while Xerox has an established name and a fair competitor in 160 countries. Xerox made it to the “Ones to Watch” in the managed services category of Channelnomics’ 2011 Influencer Award.

On top of expanding Xerox’s presence in Canada, the acquisition also transforms Xerox into a service-led, technology driven company, according to Mandy Shapansky, President and CEO of Xerox, Canada. Laser Networks, which employs 189 people in sales, service and operations, is now a wholly-owned subsidiary of Xerox, Canada. LaserNetworks founder and CEO Chris Stoate will continue to lead the company, and will report to Mandy Shapansky.

For more details, please read www.channelnomics.com, 01/06/12