Xerox Corp. has announced its intention to buy document-management and print-services provider Global Imaging Systems for about $1.5 billion in cash.
Global Imaging is a Tampa, Fla.-based company that focuses on the small- and medium-sized business (SMB) market through 21 regional subsidiaries and employs 4,500 people.
Global’s president and chief operating offer will continue with the company, reporting to Jim Firestone, president of Xerox North America.
Global carries products from Ricoh, Konica Minolta and Sharp, but does not currently carry Xerox. After the acquisition closed in May, Global will operate as a subsidiary of Xerox and will gradually add Xerox’ lines as well.