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The Xerox Star and its successor the Xerox Daybreak, despite their technological breakthroughs, did not sell well due to its high price, retailing at US$16,000 per unit (equivalent to $54,000 in 2023). A typical Xerox Star-based office, complete with network and printers, would have cost US$100,000 (equivalent to $335,000 in 2023).
In 2010, Xerox acquired ACS for $6.4 billion. Buck Consultants was later rebranded as "Buck Consultants at Xerox". [7] At the beginning of 2017, Conduent was spun off from Xerox. Buck Consultants, which was one of the businesses spun off, was renamed Conduent HR Services. [8]
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]
On January 3, 2017, Conduent formally came into existence following its separation from Xerox. [8] At the end of the first quarter of 2017, Carl Icahn owned 9.7% of the company. [12] In February 2019, Conduent sold some of its customer care contracts to Skyview Capital, which created a new business called Continuum Global Solutions LLC. [13]
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The building was built in 1974 as the Xerox Conference Center at a cost of $55 million. It was designed to assist in copier and technology training for company employees. It was designed by Vincent G. Kling & Partners, and is currently managed by NCC EE, LLC. In 1994 Xerox permitted outside organizations to use the grounds.
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Innovation Square, formerly Xerox Tower, is a skyscraper in downtown Rochester, New York, standing at 443 feet (135 m) tall. [4] The tower is the centerpiece of a roughly 2.7 acres (1.1 ha) complex named Xerox Square . [ 5 ]