Xerox Snaps Up ITsavvy For $400M, Expanding Its Footprint In IT Infrastructure

Xerox Holdings (NASDAQ:XRX) shares are trading higher on Thursday.

The firm has agreed to acquire ITsavvy, an Oak Brook, Illinois-based provider of integrated IT products and services, for $400 million.

ITsavvy, founded in 2004, provides integrated IT infrastructure solutions and has grown its revenue to over $400 million on a trailing twelve-month basis.

This deal amount includes a $180 million cash payment and secured promissory notes totaling $220 million, subject to standard pre- and post-closing adjustments.

“As part of our ...

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