Both acquisitions have received government approval. The terms of the transactions were not disclosed. This is the third acquisition targeting the fast-growing SMB market this year. In January, Xerox announced the purchase of Arena Group, which provides office technology, software, solutions, and services.
Xavier Heiss, EVP and president of EMEA Operations, Xerox said, “we’re supporting small and midsize businesses seeking a modern work experience through two acquisitions in the U.K. Altodigital and ITEC are both leaders in managed print services and specialists in IT services, an area into which Xerox is rapidly expanding with new offerings.”
James Abrahart, CEO and owner, Altodigital said, “Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation. We share Xerox’s vision to broaden the range of services and technologies available to SMBs requiring modern work experience.”
Nick Orme, CEO, ITEC Connect added, “our ambition is to deliver the latest innovation and technology to help businesses work smarter. Together with Xerox, we’re in a prime position to offer workplace solutions that evolve and support SMBs as they seek growth.”