Xerox was founded in 1906 in Rochester, New York as The Haloid Photographic Company. The company originally manufactured photographic paper and equipment.
In 1946 James C. Wilson, who had taken over the company from his father, signed an agreement with Chester Carlson to develop his invention: a process for printing images using an electrically charged drum and dry powder.
The first xerographic printer, the Copyflo, was invented in 1955. Subsequently the process was scaled down to produce the 1824 microfilm printer, which was about the half the size and weight of the Copyflo.
Xerox came to prominence in 1959 with the introduction of the Xerox 914, a plain paper photocopier which is one of the most successful products of all time.
After the success of the Xerox 914 the company’s growth exploded and record profits. Xerox came out with new and better machines including the first digital photocopiers in the 1990’s.
Today Xerox is a diverse company, offering cloud computing, application development, managed print services, document and data management, and document outsourcing services. The company remains a leading provider of equipment including office printers, digital printing systems, and multi-function printers/copiers.
Xerox trades publicly on the New York Stock Exchange under the symbol XRX, is #131 on the Fortune 500, is a member of the S&P 500, has 141,400 employees, and had $21.35 billion in revenue in 2013.
XeroxXerox was founded in 1906 in Rochester, New York as The Haloid Photographic Company. The company originally manufactured photographic paper and equipment.
In 1946 James C. Wilson, who had taken over the company from his father, signed an agreement with Chester Carlson to develop his invention: a process for printing images using an electrically charged drum and dry powder.
The first xerographic printer, the Copyflo, was invented in 1955. Subsequently the process was scaled down to produce the 1824 microfilm printer, which was about the half the size and weight of the Copyflo.
History
Xerox came to prominence in 1959 with the introduction of the Xerox 914, a plain paper photocopier which is one of the most successful products of all time.
After the success of the Xerox 914 the company’s growth exploded and record profits. Xerox came out with new and better machines including the first digital photocopiers in the 1990’s.
Today Xerox is a diverse company, offering cloud computing, application development, managed print services, document and data management, and document outsourcing services. The company remains a leading provider of equipment including office printers, digital printing systems, and multi-function printers/copiers.
Xerox trades publicly on the New York Stock Exchange under the symbol XRX, is #131 on the Fortune 500, is a member of the S&P 500, has 141,400 employees, and had $21.35 billion in revenue in 2013.