Business process and document management company
) recently announced the acquisition of Customer Value Group Ltd.
(CVG) for an undisclosed amount.
Leading software company Customer Value Group's key Software as a
Service (SaaS) cloud application enhances cash collections of
diverse firms by simplifying management of customer credit,
collections, and disputes. It has an in-depth expertise in
cloud-based accounts receivable software and manages the
order-to-cash process that is related to approximately $15
billion of revenues in eight countries and multiple currencies.
With this acquisition, Xerox aims to strengthen itself as a as a
stand-alone software application provider for managing internal
finances of various companies. As part of its finance and
accounting process outsourcing services, Xerox will offer
Customer Value Group's Value+ product to its clients. This
software helps in generating high return on investments for large
companies requiring sophisticated collections, and multilingual
automation software and services.
Xerox continues to grow globally through successful acquisitions.
Going ahead, Xerox is looking forward to expand its offerings
through inorganic measures and new acquisitions to add more
clients to its portfolio.
Headquartered in Norwalk, Conn., Xerox is a leader in the
development, manufacture, marketing, servicing and financing of
document equipment across the world. The company has three
operating segments - Technology, Services and Others. Xerox serve
clients in 160 countries, providing business services, printing
equipment and software for commercial and government
Xerox currently has a Zacks Rank #3 (Hold). Other stocks that
look promising in the industry and are worth a look now include
Marvell Technology Group Ltd
), each carrying a Zacks Rank #2 (Buy).
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