On Monday, 7th February 2022, the company ‘Xerox Holdings Corp.’ has now acquired the IT services company of Canada ‘Powerland’ in a deal of all-cash for the purpose of strengthening the company’s IT services offerings in the region of North America, and the company Xerox has now revealed the financial terms of the deal, that had been described by one of the executive as the biggest in the history of the company.
Winnipeg, which has been a Powerland based in Canada has been serving the customers across the country and it has also been providing the IT solutions and services like hybrid cloud, cyber security, end user computing and cloud, and the company has now been partnering with the companies including Veenam, Microsoft, Dell and Lenovo among the others for the purpose of offering the software and hardware solutions for the customers.
Richard Artese, general manager of the Xerox IT Services said that, as they had been looking at the targets of the acquisition for the purpose of helping them grow their business of IT services in the country, and the company ‘Powerland’ has been standing out as an organization that has been closely aligned with the intention of the company for providing a manufacturer agnostic set of the IT solutions for supporting the technology and goals of digital transformation of the company’s small and medium scale business customers.
He also said that, the capabilities of the expanded IT services means that their partners can now work with the company’s existing print customers for providing them along with the new technology offerings for the purpose of transforming the business of the company.
