---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-263043"
form_type: "8-K"
ticker: null
cik: "0000108772"
company_name: "XEROX CORP"
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:20:54.106206+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Xerox completes acquisition of ITsavvy for $400M in cash and notes

## Summary
- Acquired ITsavvy for $400M total: $180M cash and $220M in secured promissory notes.
- Issued $110M 2025 Note and $110M 2026 Note to the seller on Nov 20, 2024.
- Financial statements and pro forma data for ITsavvy to be filed by amendment within 71 days.
- Deal originally reported in Form 8-K filed Oct 17, 2024; this 8-K confirms closing.

## SEC filing metadata
- accession: 0001193125-24-263043
- form_type: 8-K
- cik: 0000108772
- company_name: XEROX CORP
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108772/000119312524263043/0001193125-24-263043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108772/000119312524263043/d904059d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-263043
- JSON: https://secwatch.observer/filing/0001193125-24-263043.json
- Plain text: https://secwatch.observer/filing/0001193125-24-263043.txt

## Key facts
- M&A Transactions
  XEROX CORP completed an acquisition involving ITsavvy Holdings, LLC for $180.0 million in cash (closed 2024-11-20).
  - Action: acquisition
  - Counterparty: ITsavvy Holdings, LLC
  - Consideration: $180.0 million in cash
  - Closing: 2024-11-20
  source text: On November 20, 2024 (the “Closing Date”), Xerox completed the acquisition of all of the issued and outstanding equity securities of the Company. On the Closing Date, Xerox paid $180.0 million in cash to the Seller and issued to the Seller (i) a $110.0 million secured promissory note (the “2025 Note”), and (ii) another $110.0 million secured promissory note (the “2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312524263043/0001193125-24-263043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.