Xerox Corporation (NYSE:XRX) acquires Customer Value Group Ltd. (CVG), FUJIFILM Holdings Corporation (OTCMKTS:FUJIY)
Xerox Corporation (NYSE:XRX) has recently announced that they have acquired Customer Value Group Ltd. (CVG) a company which is engaged in software development that specializes in cloud based accounts receivable and financial customer relationship management.
Value+ is Software as a Service (SaaS) cloud application which has features to manage and simply customer credit, collections, and related disputes which improves an overall cash collection accounting, is a leading product of CVG. This SaaS has features which consolidates the accounts receivable and customer service processes to provide a single operational and reporting view thereby simplifying the reporting management.
CVG has various multi-national clients listed on FORTUNE 500. It has an immense expertise in its cloud-based accounts receivable software and manages the order-to-cash process of several multinational clients which generates nearly$15 billion of revenues across eight countries with multiple currencies.
With the acquisition of CVG, Xerox aims to lead the industry and strengthen its position in the global market being the only software application provider which manages the internal financials of various companies. The company along with its finance and accounting process services which are rendered to the clients shall also offer the Value+ product to its client so that the clients of the company benefits itself from generating high return on investments requiring sophisticated collections and multilingual automation software and services.
Xerox has maintained its continuous growth by several acquisitions which have been successful for the company. The company is looking forward to acquire more businesses and expand its offerings to a diversified range of products.
FUJIFILM Holdings Corporation (OTCMKTS:FUJIY) is a Japan-based company which is primarily engaged in providing imaging, information and document solutions have recently announced that the acquisition process of the Business Process Outsourcing (hereinafter BPO) division of Australia’s business service provider Salmat Limited has been completed. The acquisition amount was worth AUD375 million.