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Xerox has acquired LaserNetworks, a managed print services (MPS) provider in Canada.
Based in Oakville, Ontario, LaserNetworks provides MPS solutions that include print device tracking, centralized service and supply management, and document routing.
After the acquisition it will operate as a wholly-owned subsidiary of Xerox Canada with LaserNetworks founder and CEO Chris Stoate continuing to lead the company. The company employs 189 people in sales, services and business operations.
''Our acquisition of LaserNetworks expands our services footprint in Canada, enhancing our capabilities and distancing us from our competitors,'' said Mandy Shapansky, president and CEO, Xerox Canada.
LaserNetworks currently provides support services for more than 40,000 print-related devices in offices across Canada.
''We're combining our collective industry expertise and innovative technologies to help our clients take full advantage of the benefits managed print services bring to their workplaces,'' said Chris Stoate, CEO, LaserNetworks.