---
schema_version: "secwatch.filing_event.v1"
accession: "0001770450-25-000006"
form_type: "8-K/A"
ticker: null
cik: "0000108772"
company_name: "XEROX CORP"
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:20:31.354080+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Xerox files financial statements for $405M ITsavvy acquisition; ITsavvy revenue $409.6M in 2023

## Summary
- Net income of $1.05M on $409.6M revenue for ITsavvy in FY2023.
- Cash consideration $405M; acquisition closed Nov 20, 2024.
- Goodwill $65.9M and intangible assets $111.7M recorded.
- Pro forma data included for nine months ended Sep 30, 2024 and FY2023.
- Change in accounting principle: ITsavvy unwound private company goodwill amortization.

## SEC filing metadata
- accession: 0001770450-25-000006
- form_type: 8-K/A
- cik: 0000108772
- company_name: XEROX CORP
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108772/000177045025000006/0001770450-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108772/000177045025000006/xrx-20241120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001770450-25-000006
- JSON: https://secwatch.observer/filing/0001770450-25-000006.json
- Plain text: https://secwatch.observer/filing/0001770450-25-000006.txt

## Key facts
- M&A Transactions
  XEROX CORP completed an acquisition involving ITsavvy Holdings, LLC for approximately $405 million (closed 2024-11-20).
  - Action: acquisition
  - Counterparty: ITsavvy Holdings, LLC
  - Consideration: approximately $405 million
  - Closing: 2024-11-20
  source text: by Xerox pursuant to the Purchase Agreement, after customary working capital and other adjustments in accordance with the terms of the Purchase Agreements, was approximately $405 million. This Form 8-K/A has been filed to amend and supplement the Original Form 8-K to provide the financial statements described in Item 9.01 below, which are permitted to be filed by
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000177045025000006/0001770450-25-000006-index.htm

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