Xerox Strengthens Leadership in Production Color Printing Through Acquisition of Industrial Inkjet Provider, Impika

  Xerox Strengthens Leadership in Production Color Printing Through
  Acquisition of Industrial Inkjet Provider, Impika

Impika’s proprietary aqueous inkjet systems complement Xerox’s broad portfolio
of color printing technology for graphic communications marketplace

Business Wire

NORWALK, Conn. -- February 26, 2013

Xerox (NYSE:XRX) has acquired Impika, a leader in the design, production and
sale of production inkjet printing solutions used for industrial, commercial,
security, label and package printing.

Impika offers a portfolio of aqueous (water-based) inkjet presses based on
proprietary technology. Impika product lines include iPrint™, a range of
continuous feed production printers that print at speeds as fast as 375 meters
per minute, and iPress™, a range of graphic communications digital presses
with resolutions of up to 2400 x 1200 dpi. Impika, based in Aubagne, France,
sells its products to print providers through its direct sales force and
through a global network of channel partners, including Xerox, which has been
reselling the Impika brand in Europe since 2011, and recently expanded to
several developing markets.

In addition to Xerox’s existing xerographic production presses, the company
developed and markets the world’s only high-speed waterless inkjet presses,
the Xerox CiPress™ Production Inkjet Systems. The production inkjet market is
projected to grow 21 percent annually through 2015, according to market
research firm I.T. Strategies. By adding Impika technology to its offerings,
Xerox will now go to market with the industry’s broadest range of digital
presses, strengthening its leadership in digital color production printing.

“A hallmark of Xerox’s long-term success is our focus on innovation, and
Impika has demonstrated an innovative approach to advanced production inkjet
printing that complements Xerox’s technology,” said Jeff Jacobson, president
of Xerox’s Graphic Communications Operations. “We have established leadership
in serving the graphic communication marketplace. With Impika as part of our
broader set of solutions, we’re bolstering our brand strength and better
serving the market with digital products, solutions and resources to meet the
needs of print providers so they can satisfy their clients and grow their
businesses.”

“We’ve succeeded in developing one of the industry’s most formidable product
lines,” said Paul Morgavi, president and chief executive officer, Impika. “To
continue our growth, we need to be part of a leadership organization that has
broad global distribution and service, a strong brand, and the same
customer-centric culture that we champion. Xerox is a logical fit for our
growing business and for our customers, who will benefit from Xerox’s shared
focus on innovation to advance digital color printing.”

The 55 people of Impika, led by Morgavi, will now report to Jacobson.

Terms of the transaction were not disclosed.

About Xerox

With sales approaching $23 billion, Xerox (NYSE: XRX) is the world’s leading
enterprise for business process and document management. Its technology,
expertise and services enable workplaces – from small businesses to large
global enterprises – to simplify the way work gets done so they operate more
effectively and focus more on what matters most: their real business.
Headquartered in Norwalk, Conn., Xerox offers business process outsourcing and
IT outsourcing services, including data processing, healthcare solutions, HR
benefits management, finance support, transportation solutions, and customer
relationship management services for commercial and government organizations
worldwide. The company also provides extensive leading-edge document
technology, services, software and genuine Xerox supplies for graphic
communication and office printing environments of any size. The 140,000 people
of Xerox serve clients in more than 160 countries. For more information, visit
http://www.xerox.com, http://news.xerox.com or http://www.realbusiness.com.
For investor information, visit http://www.xerox.com/investor.

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XEROX^®, XEROX and Design^®, iPrint™, iPress™ and CiPress™ are trademarks of
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Contact:

Media:
Xerox
Bob Wagner, +1-585-422-5721
robert.wagner@xerox.com