The Digital Servitization Exchange Podcast

#28 From Copiers to Services: Xerox’s Long Road to Services

Heiko Gebauer Episode 28

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0:00 | 14:19

Description

For decades, Xerox was synonymous with copiers and printers. But faced with digital disruption and declining print volumes, Xerox embarked on a long and often turbulent journey to reinvent itself as a services-led company. In this episode, we trace Xerox’s transformation from the mid-2000s to today.

We examine the bold pivot into business process outsourcing through the landmark acquisition of ACS, the rapid rise of services to more than half of total revenue, and the hard lessons that followed—culminating in the 2017 spin-off of Conduent. We then explore Xerox’s post-split refocus: cost transformation under Project Own It, the expansion of managed print and IT services, digital workflow platforms, augmented-reality support with CareAR, and the reinvention of Xerox Financial Services.

The episode highlights why servitization at scale is rarely linear. Xerox’s story shows both the power and the limits of services as a growth strategy—and why focus, execution, and alignment with core capabilities ultimately matter more than size. It’s a candid case of servitization as reinvention, correction, and renewal.

Key words

Xerox, Digital Servitization, Service Transformation, Business Process Outsourcing (BPO), Managed Print Services, IT Services, Recurring Revenue, Organizational Transformation, Corporate Reinvention