The company that would become Xerox Corp. was founded in 1906 but became best known in 1959 by inventing xerography — that is, photocopying. For a time, the verb “xerox” was synonymous with the term.
Xerox, headquartered in Norwalk, Conn., continues to produce office equipment such as copiers and printers, but is now a leading provider of document-management software and services. The company reported annual revenue of about $22 billion for 2010 and employs about 136,000 people, having added some 50,000 employees from its 2010 acquisition of Affiliated Computer Services Inc.
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