Xerox operated as a technology services company following the February 2010 acquisition of Dallas-based ACS. Xerox sold its ITO business in 2015. In January 2016, Xerox announced plans to split into two companies: a document technology & outsourcing company, and a BPO services company (Conduent). Xerox completed the spinoff of Conduent at the end of 2016. In January 2018, Xerox announced a planned combination with JV partner Fujifilm. Xerox subsequently withdrew from the deal, and the two sides have now dissolved their joint venture.
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