Business News

Global Imaging Announces Agreement to Acquire ComDoc

Friday 30. January 2009 - Global Imaging Systems, Inc., a Xerox company (NYSE: XRX), today announced a definitive agreement to acquire ComDoc, Inc.

This acquisition will expand Global Imaging’s coverage into four states offering them access to more than 14,000 new customers.

One of the larger independent dealers in the U.S., ComDoc, sells products from various suppliers, none of which today include Xerox. In addition to its existing offerings, ComDoc will start selling Xerox document management products following the close of the acquisition.

Comdoc, founded and headquartered in Akron, Ohio in 1955, has offices in Cincinnati, Cleveland, Columbus, Dayton and Youngstown, Ohio; Pittsburgh, Pa.; Albany, Buffalo and Syracuse, N.Y.; and Fairmont, W. Va.

This acquisition will continue Global Imaging’s expansion of a national network of office technology suppliers to serve its growing base of small and mid-size businesses.

Subject to customary closing conditions, the acquisition is expected to be completed in the first quarter of 2008. Terms of the deal have not been disclosed.