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Xerox was founded in 1906 in Rochester, New York, as the Haloid Photographic Company. [11] It manufactured photographic paper and equipment. In 1938, Chester Carlson, a physicist working independently, invented a process for printing images using an electrically charged photoconductor-coated metal plate [12] and dry powder "toner".
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ACS was ranked at number 341 on the 2010 Fortune 500 list. [2] Founded in 1988, by Darwin Deason, ACS operated in nearly 100 countries, generating over $6 billion annually. As of September 2009, ACS employed approximately 74,000 people. [3] On September 28, 2009, Xerox Corporation announced plans to acquire ACS in a $6.4 billion transaction. [4]
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The initial joint venture was 50% Xerox and 50% Rank Organisation, but this changed after a few years to a 60/40 split. Later, Xerox bought a further share making the split 80/20, and in the late 1990s, completed the purchase, so Rank Xerox Limited formally became Xerox Limited. The Rank Xerox Research Centre was renamed to the Xerox Research ...