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Tag: Xerox

  • Fuji Xerox changes name to FUJIFILM Business Innovation

    Fuji Xerox changes name to FUJIFILM Business Innovation

    Brand change reflects corporate strategic direction and ongoing commitment to innovation. FUJIFILM Business Innovation Vietnam Company Limited (formerly known as ‘Fuji Xerox Vietnam’) today announced it had changed its name as part of a region-wide rebranding initiative, following the name change of its parent company, Fuji Xerox Co., Ltd., to FUJIFILM Business Innovation Corp.

    The move follows Fuji Xerox’s decision to end its technology agreement with Xerox corporation on the agreement’s expiration date of March 31, which provided for brand licenses, technology and sales territories. The name change takes place with immediate effect.

    As FUJIFILM Business Innovation Vietnam Co., Ltd, the company will continue to offer its core printing and document technologies and services, in addition to an expanding portfolio of enterprise software solutions and managed print room services.

    While the company will continue to sell existing products under the Fuji Xerox brand, it will also commence sales and marketing activities of new products under the Fujifilm brand.

    Over the years, Fujifilm’s considerable research and intellectual property has yielded an array of new applications for its technologies, such as using microporous photographic film technology to create yeast filters used in brewing beer, or creating lightweight sensors from the company’s Fujinon lens technology designed especially for outer space and carried aboard satellites.FUJIFILM Business Innovation is one of more than 300 subsidiaries in the FUJIFILM Holdings portfolio, including leaders in diverse fields such as healthcare, biotechnology, imaging, and photography.

    FUJIFILM Business Innovation offers innovation to businesses globally to help maximize their organizational strengths. The company has pioneered numerous technologies and accumulated expertise since being established as Fuji Xerox in Tokyo in 1962.

    As a $9 billion enterprise with approximately 40,000 employees globally, the company portfolio includes R&D, manufacturing and sales of world-class multifunction printers, production printers and IT solutions, and business process outsourcing services.

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  • Fujifilm to cut 10,000 jobs at subsidiary amid Xerox takeover

    Fujifilm to cut 10,000 jobs at subsidiary amid Xerox takeover

    Japanese technology firm Fujifilm on Wednesday announced 10,000 job cuts by March 2020 at its Fuji Xerox subsidiary, which it said was facing an “increasingly severe” market environment.

    In a major shake-up, Fujifilm also announced it would be combining Fuji Xerox with US giant Xerox, bringing both companies under its umbrella to create what it said was the world’s largest “document solutions company” by revenue.

    As part of a cost-cutting package that it hopes will save 50 billion yen (RM1.793 billion), Fujifilm announced “personnel reductions of 10,000 people domestically and overseas” at Fuji Xerox.

    Founded in 1934, Fujifilm became synonymous with the photography business but has since expanded into cosmetics and medical equipment.

    Fuji Xerox, which manufactures printers and copiers for offices mainly in Asia and the Oceania regions, employs around 46,000 people in total.

    “It is expected that this combination will generate a large number of synergies,” said Fujifilm in a statement, with Fuji Xerox mainly doing business in Japan and Asia and Xerox in the US and Europe.

    Xerox had faced a revolt from two major shareholders, Carl Icahn and Darwin Deason, who between them control 15 percent of the company.

    They recently published a joint letter urging the company to consider selling itself and calling for the immediate replacement of its CEO.

    The restructuring will have an impact on Fujifilm’s operating income, the firm said, revising down its forecasts for the current fiscal year to 130 million yen from 185 million yen.

    Net profit however was forecast to rise to 140 million yen from 125 million yen due to one-off gains from sales of investment securities.

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  • Naver will buy Xerox Research Centre Europe

    Naver will buy Xerox Research Centre Europe

    Korea’s largest internet portal Naver inked an agreement to acquire France-based Xerox Research Centre Europe (XRCE) a lab with expertise in major new technologies such as artificial intelligence and machine learning.

    Naver wants to ratchet up its AI capabilities and expand its presence in Europe, a fresh market for the Korean IT giant.

    Naver has identified AI as a future cash cow business and has been aggressively investing in the area. In January, the company established a separate corporation called Naver Labs dedicated to research and development of AI and future businesses involving AI such as autonomous driving and robotics. The company also applies AI to existing services like search engine and translation apps.

    The acquisition of the 24-year old research center is expected to make a big impact on Naver’s AI development.

    XRCE’s research papers on AI have been adopted by 75 conferences, academic journals and learned societies, Naver said. The center received an award for technological innovation by the Wall Street Journal in 2005 and was named one of the 50 most disruptive companies by the Massachusetts Institute of Technology in 2013.

    The center has 80-plus staffers dedicated to AI research and administrative works.

    Naver Founder Lee Hae-jin announced his desire to tackle the European market last year and left for Europe to spot business opportunities, leaving his role as chief strategy officer for the company.

    The company has been eying new markets because the local internet market is saturated.

    “Europe also has many potential IT start-ups specializing in sectors of AI, Internet of Things and virtual reality, which is why global tech giants are eyeing the market,” the company said in a statement.

    “The research expertise at the European center is perfectly aligned with Naver Labs and we expect immediate, powerful synergies,” said Song Chang-hyeon, both CEO of Naver Labs and Chief Technology Officer of Naver. “XRCE’s world class R&D achievements in AI technology will significantly strengthen Naver Labs’ research.”

    Song is known to be the man behind the deal. As the head of Naver Labs, he visited the center in Grenoble, France, to persuade officials that Naver is aligned with the center’s vision. Naver is known to have been selected from among a list of global IT giants that bid to acquire the center.

    The acquisition process, however, is still ongoing. It is due to be finalized within the third quarter this year. Xerox will maintain ownership of intellectual property and arrange licensing agreements with Naver even after the acquisition.

    A day before, Naver also inked a strategic partnership with Korea’s largest brokerage firm, Mirae Asset Daewoo, to develop financial service with new technologies such as AI. The two will collaborate on investing in start-ups at home and abroad.

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  • DataLase & Xerox Team for Late-Stage Inline Digital Printing Solutions

    DataLase & Xerox Team for Late-Stage Inline Digital Printing Solutions

    Xerox, the global leader in digital print technology and services, has signed an agreement with DataLase, the newly acquired SATO subsidiary and inline digital printing experts, to launch a new inkless printing solution that allows brand owners to connect with consumers with personalisation and late-stage ability to differentiate products and packaging.
    Variprint™ is the next generation of revolutionary inline digital printing solutions from DataLase which uses the new Laser Imaging Module (LIM) designed and built by Xerox. The LIM is capable of printing at higher resolutions than most inkjet digital printing solutions, creating sharper images. The LIM can produce greyscale images with a natural resolution up to 1,200 dpi and can digitally print variable information such as graphics, barcodes and text up to 1 metre per second.
    The patented laser reactive pigments are incorporated into a coating that is conventionally printed onto a variety of products or packaging. When exposed to the LIM, a colour change reaction is generated in the coating resulting in a high definition, premium quality, digital print.
    “Building on the huge interest we generated at drupa 2016, the DataLase solution can deliver a unique way to help connect brands with consumers on a one-to-one basis through personalisation and late stage differentiation of products and packaging – such as adding timely local promotions and marketing material. Real time marketing capability on pack is now a reality,” said Dr. Chris Wyres, CEO of DataLase.
    “The digital print and packaging market is growing at a healthy pace,” said Aanand Parthasarathi, Manager, Packaging Programs at Xerox. “Our new lasers, coupled with DataLase technology, will deliver new capabilities in the fulfilment process such as switching languages or a last-minute change in an ingredient list.”
    DataLase is seeing the development of a range of market applications for its technology on a global basis. Its technology can be used across a wide range of product and packaging applications in the food and drink, pharmaceutical, personal care and household sectors for case coding, labelling, product coding and folding cartons.
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