Narayan AmmachchiXerox Holdings Corp has purchased Canadian IT services firm, Powerland, confirming its intentions to grow operations in the high-yielding North American market.
This is Xerox’s third purchase of IT firms in the past couple of years. In March 2020, Xerox bought Powerland’s local rival Digitex.
Winnipeg, MB-based Powerland offers wide-ranging IT services, including cloud, cyber security, and managed services.
It is not clear how much money Xerox paid for the acquisition, nor is there any information as to how many people Powerland has employed.
What is clear, however, is Powerland has three delivery centers in Canada, and around a hundred of its employees will join Xerox once the transaction completes.
Founded in 1985, Powerland will continue to operate under its own brand, with “A Xerox business solutions company” added to the branding.
Small and medium enterprises across Canada will scale up investments in IT solutions, such as cloud infrastructure, managed IT services, and cyber security, Xerox stated in a press release citing a recent study.
“Today, the ability to quickly adapt to change and remain competitive requires a strong IT partner,” said Martin Bachant, President of Xerox Canada.
“Combining the talented teams of Powerland and Xerox IT Services provides a greater value proposition for customers with support, information security expertise, and technology solutions from major IT manufacturers. We manage our customers’ technology so they can manage their business.”
This is Xerox’s second acquisition in the past four months after it purchased Vermont-based IT services firm Competitive Computing in October 2021.
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