Xerox Expands Learning Portfolio with Intrepid Learning Solutions Acquisition
November 20 2014 - 9:00AM
Business Wire
Xerox (NYSE:XRX) today announced an agreement that expands its
learning portfolio with the acquisition of Intrepid Learning
Solutions’ learning services to ensure
companies’ employees are equipped with the latest skills and
knowledge to improve their business performance.
Xerox’s acquisition of the Seattle-based firm’s capabilities
includes:
- Consulting services focused on
researching and developing company-wide learning strategies,
measuring the effectiveness of the programs, and benchmarking
against industry standards;
- Course curriculum design and
development tailored to a clients’ specific business needs, ranging
from IT training to leadership development and products and
service-related education;
- Instructors, trainers and facilitators
to provide classroom instruction;
- Administration and logistics for
learning programs to ensure employees receive instruction in a
timely and effective manner.
Xerox’s Learning Services unit has focused on implementing
systems that manage a company’s internal talent management and
employee learning programs, including live classroom sessions and
e-learning.
“The speed of change in today’s business world means that in
order to stay relevant, companies and their employees must be at
the top of their game,” said Mark Hill, group executive of Xerox
human resource services. “The addition of Intrepid’s expertise to
our learning organization significantly expands our ability to
deliver impactful, engaging and comprehensive learning solutions
accessible to our customers at the point and time of greatest
need.”
Xerox’s acquisition does not include Intrepid’s cloud-based
learning technology business, which will continue to go to market
under the Intrepid Learning brand after closing. The two companies
will launch a partnership alliance to present clients with unified
learning options using Intrepid’s technology and Xerox’s
e-learning, consulting, administration and classroom training
programs.
“Together, we will be able to offer our clients significant
value through Xerox’s globally scalable learning services which
naturally augment our award-winning cloud-based training
technology,” said Sam Herring, Intrepid Learning’s CEO who
co-founded the company in 1999 and will continue to lead the new
Intrepid organization after the transaction is completed.
The global outsourced learning services market is estimated to
be $129 billion, with the largest consumers of learning services
consisting of government, manufacturing, high-tech, financial
services and telecom – segments where Xerox has a deep client base
and industry expertise.
The company and its 260 employees will continue operating from
its Seattle and Mukilteo, Wash. locations.
Terms of the transaction were not disclosed. The transaction is
expected to close following the completion of customary closing
conditions.
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About Xerox
Xerox is a global business services, technology and
document management company helping
organizations transform the way they manage their
business processes and information. Headquartered in Norwalk,
Conn., we have more than 140,000 Xerox employees and do business in
more than 180 countries. Together, we provide
business process services, printing equipment, hardware
and software technology for managing information -- from data
to documents. Learn more at www.xerox.com.
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XeroxKevin Lightfoot,
214-841-8191Kevin.Lightfoot@xerox.comorText 100 for XeroxJamie
Palmeroni, 585-697-7762Jamie.Palmeroni@text100.com
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