STOCK TITAN

Xerox Awarded $164M Contract by USDA to Streamline Practices, Increase Innovation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Xerox has secured a $164 million contract from the U.S. Department of Agriculture (USDA) for a duration of 10 years. This agreement expands on a previous contract established in 2016 and includes Managed Print Services and Electronic Fax Services. The deal encompasses the deployment of up to 16,000 Xerox ConnectKey devices across over 3,500 offices, supporting more than 100,000 employees. The partnership aims to enhance print management, file security, and support mobile workforces while driving cost savings.

Positive
  • Awarded a 10-year contract worth $164 million from USDA.
  • Continues to build on a previous partnership established in 2016.
  • Deployment of up to 16,000 ConnectKey devices across multiple offices.
  • Supports over 100,000 employees, enhancing operational efficiency.
Negative
  • None.

The partnership builds on a previous contract established in 2016

NORWALK, Conn.--(BUSINESS WIRE)-- The U.S. Department of Agriculture (USDA) has awarded Xerox a 10-year, $164M contract for continued Managed Print Services, new Electronic Fax Services (EFS) and additional innovation across its agencies. The contract includes a total of up to 16,000 Xerox ConnectKey® devices, with a large number of new devices across 3,500+ offices supporting over 100,000 employees.

Using Xerox’s technology and innovative solutions, the USDA will cultivate best practices in print management, increase file security, create customized initiatives for Federal 508 compliance and better support its mobile workforce. This partnership helps the USDA cut costs while providing integrated managed print services (MPS) and EFS, using Xerox’s customized web portal designed to manage both services cohesively.

“By continuing our work with the USDA, Xerox will build on our current efforts while expanding our cost-saving initiatives across even more agencies,” said Brian Castle, vice president, U.S. Federal Sales. “As we see a more permanent shift toward remote and mobile workforces, Xerox is proud to offer enhanced capabilities to help USDA staffers maintain their connectivity wherever they are.”

Learn more about Xerox’s Federal Government offerings here.

About Xerox Holdings Corporation (NASDAQ: XRX)

For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.

Note: To receive RSS news feeds, visit https://www.news.xerox.com. For open commentary, industry perspectives and views, visit http://www.linkedin.com/company/xerox, http://twitter.com/xerox, http://www.facebook.com/XeroxCorp, https://www.instagram.com/xerox/, http://www.youtube.com/XeroxCorp.

Xerox® is a trademark of Xerox in the United States and/or other countries.

Media:

Justin Capella, Xerox, +1-203-258-6535, Justin.Capella@xerox.com

 

Source: Xerox Holdings Corporation

FAQ

What is the value of the contract awarded to Xerox by USDA?

The contract awarded to Xerox by the USDA is valued at $164 million.

How long is the contract between Xerox and USDA?

The contract between Xerox and the USDA is for a duration of 10 years.

What services will Xerox provide under the new USDA contract?

Xerox will provide Managed Print Services and Electronic Fax Services under the new USDA contract.

How many offices will receive Xerox ConnectKey devices?

Xerox ConnectKey devices will be deployed across over 3,500 offices.

How many employees will be supported by the new contract with USDA?

The new contract with USDA will support more than 100,000 employees.

Xerox Holdings Corporation

NASDAQ:XRX

XRX Rankings

XRX Latest News

XRX Stock Data

1.14B
115.16M
7.29%
91.92%
12.3%
Information Technology Services
Computer Peripheral Equipment, Nec
Link
United States of America
NORWALK