Xerox Corporation /ˈzɪərɒks/ is an American global corporation that sells document solutions and services, and document technology products in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut, though its largest population of employees is based around Rochester, New York, the company purchased Affiliated Computer Services for $6.4 billion in early 2010. As a large developed company, it is placed in the list of Fortune 500 companies. Xerox completed the separation of Conduent Incorporated effective on Dec.31,2016, creating two market-leading, publicly- traded companies. In connection with the spin-off, Xerox received a transfer from Conduent of $1.8 billion. Xerox continues to trade on the NYSE under the ticker symbol “XRX”, researchers at Xerox and its Palo Alto Research Center invented several important elements of personal computing, such as the desktop metaphor GUI, the computer mouse and desktop computing. These concepts were frowned upon by the board of directors. The concepts were adopted by Apple and, later, Microsoft, with the help of these innovations, Apple and Microsoft came to dominate the personal computing revolution of the 1980s, whereas Xerox was not a major player. Xerox was founded in 1906 in Rochester as The Haloid Photographic Company, in 1938 Chester Carlson, a physicist working independently, invented a process for printing images using an electrically charged photoconductor-coated metal plate and dry powder toner. However, it would more than 20 years of refinement before the first automated machine to make copies was commercialized, using a document feeder, scanning light. Wilson, credited as the founder of Xerox, took over Haloid from his father and he saw the promise of Carlsons invention and, in 1946, signed an agreement to develop it as a commercial product. Wilson remained as President/CEO of Xerox until 1967 and served as Chairman until his death in 1971, looking for a term to differentiate its new system, Haloid coined the term Xerography from two Greek roots meaning dry writing. Haloid subsequently changed its name to Haloid Xerox in 1958 and then Xerox Corporation in 1961, before releasing the 914, Xerox tested the market by introducing a developed version of the prototype hand-operated equipment known as the Flat-plate 1385. The 1385 was not actually a viable copier because of its speed of operation and it was little more than a high quality, commercially available plate camera mounted as a horizontal rostrum camera, complete with photo-flood lighting and timer. The glass film/plate had been replaced with an aluminum plate. Clever electrics turned this into a developing and reusable substitute for film. A skilled user could produce fast, paper and metal printing plates of a higher quality than almost any other method, having started as a supplier to the offset lithography duplicating industry, Xerox now set its sights on capturing some of offsets market share. The 1385 was followed by the first automatic xerographic printer, the Copyflo, the Copyflo was a large microfilm printer which could produce positive prints on roll paper from any type of microfilm negative
Xerox headquarters in Norwalk
The Xerox Alto workstation was developed at Xerox PARC.